£837,157
This estimated value is based upon the latest sale price for the house of £595,000 on 16 Oct 2015. 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 |
---|---|
£595,000 | 16 Oct 2015 |
£295,000 | 5 Jan 2004 |
£250,000 | 1 Oct 2003 |
Flats/Maisonettes |
Leasehold |
Floor Area: 38 sq meters or 409 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 October 2015 the House Price Index for GREATER LONDON was 105.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 40.699%.Applying this 40.699% change to the original purchase price of £595,000 results in an estimated price of approximately £837,157.
16 Oct 2015 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
105.6 | 148.6 | 40.699 % | £595,000 | £242,157 | £837,157 |
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 | 18.108 % | £107,743 | £702,743 |
3 Month Average | -20.317 % | £-120,888 | £474,111 |
6 Month Average | -4.691 % | £-27,913 | £567,086 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
21 Mar 2023 | £1,716,168 | £1,700,000 | FLAT 113 BALMORAL APARTMENTS, 2 PRAED STREET |
1 Jul 2022 | £606,633 | £605,000 | FLAT 313 BALMORAL APARTMENTS, 2 PRAED STREET |
11 Feb 2022 | £1,415,738 | £1,350,000 | FLAT 601 BALMORAL APARTMENTS, 2 PRAED STREET |
6 Dec 2021 | £685,681 | £640,000 | FLAT 812 BALMORAL APARTMENTS, 2 PRAED STREET |
31 Jan 2020 | £1,085,546 | £890,000 | FLAT 302 BALMORAL APARTMENTS, 2 PRAED STREET |
This house has a floor area of 38 sq meters or 409 sq feet when measured on 5 Apr 2012. Using an estimated price of £837,158 means this house is valued at £22,030 per sq meter (£2,046 per sq foot).
The average size of a house on PRAED STREET is 67 sq meters (723 sq feet).