£707,784
This estimated value is based upon the latest sale price for the house of £320,000 on 3 Nov 2003. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
Get our free house price tracker.
4c Praed Street, Paddington, London, W2 1JX
Phone: 02036414567
Price Paid | Date |
---|---|
£320,000 | 3 Nov 2003 |
Flats/Maisonettes |
Leasehold |
Floor Area: 47 sq meters or 505 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 November 2003 the House Price Index for GREATER LONDON was 67.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 121.183%.Applying this 121.183% change to the original purchase price of £320,000 results in an estimated price of approximately £707,784.
3 Nov 2003 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
67.2 | 148.6 | 121.183 % | £320,000 | £387,784 | £707,784 |
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 | 175.190 % | £560,607 | £880,607 |
3 Month Average | 100.650 % | £322,078 | £642,078 |
6 Month Average | 149.930 % | £479,777 | £799,777 |
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 47 sq meters or 505 sq feet when measured on 21 Oct 2021. Using an estimated price of £707,785 means this house is valued at £15,059 per sq meter (£1,399 per sq foot).
The average size of a house on PRAED STREET is 67 sq meters (723 sq feet).