£10,214,681
This estimated value is based upon the latest sale price for the house of £7,200,000 on 18 Sep 2015. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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61 Park Lane, Mayfair,, W1K 1QF
Phone: 02036418153
Price Paid | Date |
---|---|
£7,200,000 | 18 Sep 2015 |
Terraced |
Freehold |
Floor Area: 277 sq meters or 2,990 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 2015 the House Price Index for GREATER LONDON was 104.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 41.871%.Applying this 41.871% change to the original purchase price of £7,200,000 results in an estimated price of approximately £10,214,681.
18 Sep 2015 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
104.7 | 148.6 | 41.871 % | £7,200,000 | £3,014,681 | £10,214,681 |
The Postcode Pricing Model uses changes in average sales price within the W1K 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 | -39.281 % | £-2,828,199 | £4,371,800 |
3 Month Average | -28.876 % | £-2,079,085 | £5,120,914 |
6 Month Average | 36.641 % | £2,638,186 | £9,838,186 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
21 Jul 2021 | £2,413,457 | £2,100,000 | FLAT 2 6 ALDFORD STREET |
11 Jun 2021 | £1,952,722 | £1,820,000 | FLAT 52A 55 PARK LANE |
29 Dec 2020 | £1,251,008 | £1,090,000 | FLAT 68 55 PARK LANE |
16 Dec 2020 | £8,320,922 | £7,250,000 | 2 ALDFORD STREET |
6 Nov 2020 | £1,139,645 | £983,000 | FLAT D 3 - 4 BALFOUR PLACE |
This house has a floor area of 277 sq meters or 2,990 sq feet when measured on 18 Jun 2010. Using an estimated price of £10,214,681 means this house is valued at £36,763 per sq meter (£3,415 per sq foot).
The average size of a house on BALFOUR MEWS is 299 sq meters (3,228 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jan 2024 | Anti-social behaviour | On or near Rex Place | |
Jan 2024 | Anti-social behaviour | On or near Rex Place | |
Jan 2024 | Theft from the person | Investigation complete; no suspect identified | On or near Rex Place |
Jan 2024 | Anti-social behaviour | On or near Rex Place | |
Jan 2024 | Anti-social behaviour | On or near Rex Place |