£721,649
This estimated value is based upon the latest sale price for the house of £367,500 on 30 Jul 2004. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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4 Spring Street, Hyde Park, London, W2 3RA
Phone: 02072981550
Price Paid | Date |
---|---|
£367,500 | 30 Jul 2004 |
£320,000 | 11 Jul 2002 |
Flats/Maisonettes |
Leasehold |
Floor Area: 65 sq meters or 704 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 July 2004 the House Price Index for GREATER LONDON was 76.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 96.367%.Applying this 96.367% change to the original purchase price of £367,500 results in an estimated price of approximately £721,649.
30 Jul 2004 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
76.2 | 149.7 | 96.367 % | £367,500 | £354,149 | £721,649 |
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 | 147.128 % | £540,694 | £908,194 |
3 Month Average | 104.039 % | £382,344 | £749,844 |
6 Month Average | 112.957 % | £415,115 | £782,615 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
20 Dec 2023 | £649,972 | £630,000 | 56 MAITLAND COURT LANCASTER TERRACE |
31 Aug 2023 | £941,990 | £925,000 | FLAT 26 GILRAY HOUSE GLOUCESTER TERRACE |
31 Mar 2023 | £1,118,682 | £1,100,000 | FIRST FLOOR FLAT 19 WESTBOURNE STREET |
13 Mar 2023 | £1,067,833 | £1,050,000 | FLAT 3 218 SUSSEX GARDENS |
26 Jul 2022 | £934,362 | £925,000 | FLAT 3 WILDE HOUSE, 10 GLOUCESTER TERRACE |
This house has a floor area of 65 sq meters or 704 sq feet when measured on 9 Oct 2009. Using an estimated price of £721,649 means this house is valued at £11,024 per sq meter (£1,024 per sq foot).
The average size of a house on LANCASTER TERRACE is 80 sq meters (864 sq feet).