£1,163,209
This estimated value is based upon the latest sale price for the house of £625,000 on 3 Apr 2009. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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6 London Street, Paddington, London, W2 1HR
Phone: 02081285989
| Price Paid | Date |
|---|---|
| £625,000 | 3 Apr 2009 |
| Flats/Maisonettes |
| Leasehold |
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 April 2009 the House Price Index for GREATER LONDON was 79.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 86.114%.Applying this 86.114% change to the original purchase price of £625,000 results in an estimated price of approximately £1,163,209.
| 3 Apr 2009 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 79.8 | 148.6 | 86.114 % | £625,000 | £538,209 | £1,163,209 |
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 | 115.297 % | £720,603 | £1,345,603 |
| 3 Month Average | 52.021 % | £325,132 | £950,132 |
| 6 Month Average | 81.030 % | £506,440 | £1,131,440 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 11 Aug 2023 | £998,737 | £990,000 | APARTMENT 205 MUNKENBECK BUILDING, 5 HERMITAGE STREET |
| 28 Oct 2021 | £520,045 | £470,000 | APARTMENT 1 MARSHALL BUILDING, 3 HERMITAGE STREET |
| 21 Aug 2020 | £7,194 | £6,000 | STORAGE UNIT S24 MUNKENBECK BUILDING, 5 HERMITAGE STREET |
| 12 Jun 2020 | £7,266 | £6,000 | STORAGE UNIT S28 MUNKENBECK BUILDING, 5 HERMITAGE STREET |
| 10 Dec 2019 | £1,257,434 | £1,025,000 | APARTMENT 401 MUNKENBECK BUILDING, 5 HERMITAGE STREET |