£1,060,730
This estimated value is based upon the latest sale price for the house of £209,000 on 28 Aug 1997. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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2 Redan House, 27 Redan Place, London, W2 4SA
Phone: 02036414861
| Price Paid | Date |
|---|---|
| £209,000 | 28 Aug 1997 |
| Terraced |
| Freehold |
| Floor Area: 71 sq meters or 764 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 August 1997 the House Price Index for GREATER LONDON was 29.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 407.526%.Applying this 407.526% change to the original purchase price of £209,000 results in an estimated price of approximately £1,060,730.
| 28 Aug 1997 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 29.5 | 149.7 | 407.526 % | £209,000 | £851,730 | £1,060,730 |
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 | 481.294 % | £1,005,905 | £1,214,905 |
| 3 Month Average | 365.895 % | £764,719 | £973,719 |
| 6 Month Average | 379.518 % | £793,192 | £1,002,192 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 3 Aug 2023 | £840,153 | £825,000 | 25C WESTBOURNE GARDENS |
| 27 Apr 2023 | £1,324,779 | £1,300,000 | 37A WESTBOURNE GARDENS |
| 19 Aug 2022 | £2,511,745 | £2,500,000 | 14 BURDETT MEWS |
| 8 Nov 2021 | £893,406 | £820,000 | 27B WESTBOURNE GARDENS |
| 30 Sep 2020 | £1,076,554 | £900,000 | FLAT 2 11 - 13 WESTBOURNE GARDENS |
This house has a floor area of 71 sq meters or 764 sq feet when measured on 15 Apr 2019. Using an estimated price of £1,060,730 means this house is valued at £14,939 per sq meter (£1,387 per sq foot).
The average size of a house on BURDETT MEWS is 101 sq meters (1,095 sq feet).