£1,383,749
This estimated value is based upon the latest sale price for the house of £895,000 on 2 May 2014. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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22 Melcombe Street, Marylebone, London, NW1 6AH
Phone: 02036415243
| Price Paid | Date |
|---|---|
| £895,000 | 2 May 2014 |
| £263,000 | 26 Aug 2008 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 74 sq meters or 796 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 2014 the House Price Index for GREATER LONDON was 96.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 54.609%.Applying this 54.609% change to the original purchase price of £895,000 results in an estimated price of approximately £1,383,749.
| 2 May 2014 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 96.1 | 148.6 | 54.609 % | £895,000 | £488,749 | £1,383,749 |
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 | -14.972 % | £-134,003 | £760,996 |
| 3 Month Average | 12.142 % | £108,670 | £1,003,670 |
| 6 Month Average | 2.183 % | £19,540 | £914,540 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 7 Nov 2022 | £4,643,750 | £4,700,000 | GROUND FIRST AND SECOND FLOOR FLAT 5 DORSET SQUARE |
| 7 Aug 2022 | £992,329 | £995,000 | FLAT 179 DORSET HOUSE GLOUCESTER PLACE |
| 1 Jul 2022 | £1,982,792 | £1,977,455 | FLAT 4 3 - 5 DORSET SQUARE |
| 23 Jun 2022 | £1,673,652 | £1,650,000 | FLAT 97 CLARENCE GATE GARDENS GLENTWORTH STREET |
| 4 May 2022 | £687,963 | £675,000 | FLAT 10 3 - 5 DORSET SQUARE |
This house has a floor area of 74 sq meters or 796 sq feet when measured on 26 Nov 2013. Using an estimated price of £1,383,749 means this house is valued at £18,699 per sq meter (£1,737 per sq foot).
The average size of a house on MELCOMBE STREET is 61 sq meters (656 sq feet).
This house is the largest in the street with a floor area of 74 sq meters (796 sq feet).