£2,809,243
This estimated value is based upon the latest sale price for the house of £505,000 on 16 Jun 1995. 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 |
|---|---|
| £505,000 | 16 Jun 1995 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 149 sq meters or 1,603 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 June 1995 the House Price Index for GREATER LONDON was 26.4.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 456.286%.Applying this 456.286% change to the original purchase price of £505,000 results in an estimated price of approximately £2,809,243.
| 16 Jun 1995 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 26.4 | 146.7 | 456.286 % | £505,000 | £2,304,243 | £2,809,243 |
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 | 465.374 % | £2,350,136 | £2,855,136 |
| 3 Month Average | 767.871 % | £3,877,747 | £4,382,747 |
| 6 Month Average | 1337.674 % | £6,755,252 | £7,260,252 |
This house has a floor area of 149 sq meters or 1,603 sq feet when measured on 30 Sep 2019.
The average size of a house on PARK STREET is 176 sq meters (1,901 sq feet).