£914,307
This estimated value is based upon the latest sale price for the house of £177,000 on 9 May 1997. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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22 Melcombe Street, Marylebone, London, NW1 6AH
Phone: 02036415243
| Price Paid | Date |
|---|---|
| £177,000 | 9 May 1997 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 93 sq meters or 1,001 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 May 1997 the House Price Index for GREATER LONDON was 28.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 416.558%.Applying this 416.558% change to the original purchase price of £177,000 results in an estimated price of approximately £914,307.
| 9 May 1997 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 28.8 | 148.6 | 416.558 % | £177,000 | £737,307 | £914,307 |
The Postcode Pricing Model uses changes in average sales price within the NW1 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 | 272.477 % | £482,283 | £659,283 |
| 3 Month Average | 367.510 % | £650,492 | £827,492 |
| 6 Month Average | 362.830 % | £642,208 | £819,208 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 7 Aug 2022 | £992,329 | £995,000 | FLAT 179 DORSET HOUSE GLOUCESTER PLACE |
| 1 Jul 2022 | £922,483 | £920,000 | FLAT 175 DORSET HOUSE GLOUCESTER PLACE |
| 4 Feb 2022 | £797,008 | £760,000 | FLAT 125 DORSET HOUSE GLOUCESTER PLACE |
| 25 Aug 2021 | £1,125,656 | £1,009,000 | FLAT 57 DORSET HOUSE GLOUCESTER PLACE |
| 19 Mar 2020 | £822,751 | £683,100 | FLAT 143 DORSET HOUSE GLOUCESTER PLACE |
This house has a floor area of 93 sq meters or 1,001 sq feet when measured on 23 Jan 2019. Using an estimated price of £914,307 means this house is valued at £9,831 per sq meter (£913 per sq foot).
The average size of a house on GLOUCESTER PLACE is 64 sq meters (694 sq feet).