£487,661
This estimated value is based upon the latest sale price for the house of £265,000 on 7 Sep 2005. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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23 Spring Street, Paddington, London, W2 1JA
Phone: 02034636961
| Price Paid | Date |
|---|---|
| £265,000 | 7 Sep 2005 |
| £142,500 | 27 Jun 2000 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 53 sq meters or 570 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 September 2005 the House Price Index for GREATER LONDON was 81.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 84.023%.Applying this 84.023% change to the original purchase price of £265,000 results in an estimated price of approximately £487,661.
| 7 Sep 2005 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 81.3 | 149.7 | 84.023 % | £265,000 | £222,661 | £487,661 |
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 | 170.749 % | £452,485 | £717,485 |
| 3 Month Average | 104.983 % | £278,203 | £543,203 |
| 6 Month Average | 116.435 % | £308,553 | £573,553 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 3 Oct 2023 | £204,648 | £200,000 | 42 SUSSEX COURT SPRING STREET |
| 2 Sep 2022 | £79,446,928 | £79,500,000 | LILLIAN PENSON HALL UNIVERSITY OF LONDON TALBOT SQUARE |
| 20 Jun 2022 | £4,189,556 | £4,100,000 | 1 SPRING STREET |
| 11 Mar 2022 | £793,389 | £760,000 | 36 CONDUIT PASSAGE |
| 30 Nov 2021 | £980,568 | £900,000 | 30 SUSSEX COURT SPRING STREET |
This house has a floor area of 53 sq meters or 570 sq feet when measured on 4 Oct 2018. Using an estimated price of £487,661 means this house is valued at £9,201 per sq meter (£854 per sq foot).
The average size of a house on SPRING STREET is 51 sq meters (551 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Anti-social behaviour | On or near Spring Street | |
| Apr 2024 | Anti-social behaviour | On or near Spring Street | |
| Apr 2024 | Anti-social behaviour | On or near Spring Street | |
| Apr 2024 | Anti-social behaviour | On or near Spring Street | |
| Apr 2024 | Anti-social behaviour | On or near Spring Street |