£3,512,815
This estimated value is based upon the latest sale price for the house of £3,250,000 on 28 Jun 2021. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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Lancaster Gate, London, W2 3NP
Phone: 02036417197
| Price Paid | Date |
|---|---|
| £3,250,000 | 28 Jun 2021 |
| £2,750,000 | 9 May 2014 |
| £1,120,000 | 1 Nov 2005 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 201 sq meters or 2,163 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 June 2021 the House Price Index for GREATER LONDON was 138.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 8.087%.Applying this 8.087% change to the original purchase price of £3,250,000 results in an estimated price of approximately £3,512,815.
| 28 Jun 2021 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 138.5 | 149.7 | 8.087 % | £3,250,000 | £262,815 | £3,512,815 |
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 | 21.976 % | £714,226 | £3,964,226 |
| 3 Month Average | -1.944 % | £-63,182 | £3,186,817 |
| 6 Month Average | -4.388 % | £-142,596 | £3,107,403 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 20 Oct 2023 | £946,497 | £925,000 | 12B QUEENS GARDENS |
| 9 Jan 2023 | £566,514 | £565,000 | FLAT 7 49 CLEVELAND SQUARE |
| 1 Aug 2022 | £1,607,517 | £1,600,000 | 15 QUEENS GARDENS |
| 27 Jun 2022 | £1,686,041 | £1,650,000 | FLAT 6 23 QUEENS GARDENS |
| 21 Apr 2022 | £403,317 | £388,769 | FLAT 8 49 CLEVELAND SQUARE |
This house has a floor area of 201 sq meters or 2,163 sq feet when measured on 14 Sep 2012. Using an estimated price of £3,512,816 means this house is valued at £17,476 per sq meter (£1,623 per sq foot).
The average size of a house on CLEVELAND SQUARE is 96 sq meters (1,043 sq feet).
This house is the largest in the street with a floor area of 201 sq meters (2,163 sq feet).