£830,926
This estimated value is based upon the latest sale price for the house of £342,500 on 27 Mar 2003. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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4c Praed Street, Paddington, London, W2 1JX
Phone: 02036414567
Price Paid | Date |
---|---|
£342,500 | 27 Mar 2003 |
Flats/Maisonettes |
Leasehold |
Floor Area: 62 sq meters or 667 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 March 2003 the House Price Index for GREATER LONDON was 61.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 142.606%.Applying this 142.606% change to the original purchase price of £342,500 results in an estimated price of approximately £830,926.
27 Mar 2003 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
61.3 | 148.6 | 142.606 % | £342,500 | £488,426 | £830,926 |
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 | 200.473 % | £686,618 | £1,029,118 |
3 Month Average | 120.536 % | £412,837 | £755,337 |
6 Month Average | 172.058 % | £589,298 | £931,798 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
15 Aug 2023 | £453,971 | £450,000 | FLAT 706 BALMORAL APARTMENTS, 2 PRAED STREET |
21 Mar 2023 | £1,716,168 | £1,700,000 | FLAT 113 BALMORAL APARTMENTS, 2 PRAED STREET |
6 Dec 2021 | £685,681 | £640,000 | FLAT 812 BALMORAL APARTMENTS, 2 PRAED STREET |
29 Jun 2021 | £612,908 | £571,250 | FLAT 406 BALMORAL APARTMENTS, 2 PRAED STREET |
19 Dec 2019 | £2,576,206 | £2,100,000 | FLAT 1112 BALMORAL APARTMENTS, 2 PRAED STREET |
This house has a floor area of 62 sq meters or 667 sq feet when measured on 15 Dec 2020. Using an estimated price of £830,926 means this house is valued at £13,402 per sq meter (£1,245 per sq foot).
The average size of a house on PRAED STREET is 67 sq meters (723 sq feet).