£1,043,893
This estimated value is based upon the latest sale price for the house of £600,000 on 27 May 2011. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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218 Great Portland Street, London, W1W 5QP
Phone: 02034630078
Price Paid | Date |
---|---|
£600,000 | 27 May 2011 |
£168,000 | 25 Sep 1996 |
Flats/Maisonettes |
Leasehold |
Floor Area: 62 sq meters or 670 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 May 2011 the House Price Index for GREATER LONDON was 86.0.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 73.982%.Applying this 73.982% change to the original purchase price of £600,000 results in an estimated price of approximately £1,043,893.
27 May 2011 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
86.0 | 149.7 | 73.982 % | £600,000 | £443,893 | £1,043,893 |
The Postcode Pricing Model uses changes in average sales price within the NW1 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 | 6.548 % | £39,290 | £639,290 |
3 Month Average | 17.695 % | £106,168 | £706,168 |
6 Month Average | 53.077 % | £318,463 | £918,463 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
5 Dec 2023 | £6,396,553 | £6,200,000 | FLAT 1 5 CAMBRIDGE GATE |
20 Oct 2023 | £706,035 | £690,000 | FLAT 8 8 COLOSSEUM TERRACE |
11 Oct 2023 | £8,441,729 | £8,250,000 | APARTMENT 1 3 CAMBRIDGE GATE |
20 Apr 2023 | £1,059,823 | £1,040,000 | 71C ALBANY STREET |
11 Jul 2022 | £8,080,972 | £8,000,000 | APARTMENT 3 7 CAMBRIDGE GATE |
This house has a floor area of 62 sq meters or 670 sq feet when measured on 11 Jan 2011. Using an estimated price of £1,043,893 means this house is valued at £16,763 per sq meter (£1,557 per sq foot).
The average size of a house on COLOSSEUM TERRACE is 70 sq meters (763 sq feet).