£772,922
This estimated value is based upon the latest sale price for the house of £500,000 on 14 Dec 2007. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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6 London Street, Paddington, London, W2 1HR
Phone: 02081285989
Price Paid | Date |
---|---|
£500,000 | 14 Dec 2007 |
£395,000 | 22 Jun 2005 |
Flats/Maisonettes |
Leasehold |
Floor Area: 72 sq meters or 775 sq feet |
This model uses changes in the Official Land Registry House Price Index for GREATER LONDON to estimate the market value.
When this house was purchased in December 2007 the House Price Index for GREATER LONDON was 95.7.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 54.585%.Applying this 54.585% change to the original purchase price of £500,000 results in an estimated price of approximately £772,922.
14 Dec 2007 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
95.7 | 148.0 | 54.585 % | £500,000 | £272,922 | £772,922 |
The Postcode Pricing Model uses changes in average sales price within the W2 postcode to calculate an estimated price.
The average sales price when the house was purchased is compared with the current average sales price.
This change is then applied to the initial purchase price to derive the current estimated price.
Three different estimates are shown, with averages drawn from 1 month, 3 month and 6 month timeframes.
The longer timeframes give less volatile estimates, but are not so timely.
More information on this model and the calculations
Change % | Change £ | Estimated Price | |
1 Month Average | 2.715 % | £13,574 | £513,574 |
3 Month Average | 52.207 % | £261,037 | £761,037 |
6 Month Average | 67.662 % | £338,309 | £838,309 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
16 Feb 2023 | £587,223 | £590,000 | FLAT 407 MONTGOMERY HOUSE, 135 HARROW ROAD |
28 Oct 2021 | £517,945 | £470,000 | APARTMENT 1 MARSHALL BUILDING, 3 HERMITAGE STREET |
21 Aug 2020 | £7,165 | £6,000 | STORAGE UNIT S24 MUNKENBECK BUILDING, 5 HERMITAGE STREET |
12 Jun 2020 | £7,237 | £6,000 | STORAGE UNIT S28 MUNKENBECK BUILDING, 5 HERMITAGE STREET |
10 Dec 2019 | £1,252,356 | £1,025,000 | APARTMENT 401 MUNKENBECK BUILDING, 5 HERMITAGE STREET |
This house has a floor area of 72 sq meters or 775 sq feet when measured on 15 May 2015. Using an estimated price of £772,923 means this house is valued at £10,735 per sq meter (£997 per sq foot).
The average size of a house on HERMITAGE STREET is 82 sq meters (892 sq feet).