Flat 113, Balmoral Apartments, 2 Praed Street, London, W2 1JL is a leasehold flat built between 1976-1982. The property offers approximately 1,367 square feet of living space and is situated on the 1st floor. In this location, apartments of similar size usually have four bedrooms.

The estimated current market value of the property is £1,290,383 , which equates to approximately £944 per square foot. It was last sold on 21 Mar 2023 for £1,700,000. Since then, the value has decreased by £409,617, representing a 24.1% decrease, or approximately 8.8% per year.

The current estimated value of £1,290,383 is:

  • 23.2% higher than the average property price on Praed Street
  • 39.8% higher than the average in the W2 1JL postcode area
  • and 54.4% higher than the average price for London as a whole

This property has had 2 EPC inspections with recorded tenure information. It was recorded once as rented and once as owner-occupied, indicating a change in how it was used over time.

At the most recent EPC inspection on 15 September 2022, the property was recorded as rented.

View sold house prices in W2 1JL

Building approximate location

About Property

Type
Flat
Built
1976-1982
Interior Size
1367 sq ft
Tenure
Leasehold
Floor level
1st floor
Price (estimate)
£1,290,383
Price Per sq ft (estimate)
£944
Bedroom Count (estimate)
4 bedrooms

EPC Summary

Flat 113, Balmoral Apartments, 2 Praed Street, London, City Of Westminster, Greater London, W2 1JL has an Energy Performance Certificate (EPC) rating of C, based on the latest assessment carried out on 15 Sep 2022.

This property is heated by a shared community system (community scheme). Community heating means the heat is supplied from a central source serving multiple homes. A standard tariff electric immersion heater is used to provide hot water. The windows are fully double glazed.

The previous EPC assessment was conducted on 19 Dec 2011, when the property was rated D. Since then, the rating has improved to C, with the energy efficiency score increasing by 15.4%.

Since the previous assessment, several changes were observed:

  • The hot water system was changed from electric immersion, off-peak to electric immersion, standard tariff, with its energy efficiency changing from average to very poor.
  • The wall construction or insulation changed from cavity wall, as built, insulated (assumed) to cavity wall, as built, partial insulation (assumed), changing energy efficiency from good to average.
  • The lighting was updated from no low energy lighting to low energy lighting in all fixed outlets, with efficiency improving from very poor to very good.
Heating Type
Community scheme
Good
Hot Water
Electric immersion, standard tariff
Very Poor
Walls
Cavity wall, as built, partial insulation (assumed)
Average
Windows
Fully double glazed
Average
Lighting
Low energy lighting in all fixed outlets
Very Good

Compared to W2 1JL

5 th / 82
Price Rank
40% higher than average
1 st / 70
Size Rank
91% bigger than average
48 th / 70
Price Per Sq FT Rank
27% lower than average

Compared to other properties in W2 1JL , this flat's estimated value ranks 5th out of 82. Based on price per square foot, it ranks 48th out of 70 properties. This indicates a lower price per square foot than most, suggesting good value for the space offered. In terms of size, this home ranks 1st out of 70 properties in its postcode area.

Sale History

Today
£1,290,383
streetscan.co.uk estimate
-24 %
21 Mar 2023
£1,700,000
Leasehold
0 %
6 Jan 2017
£1,700,000
Leasehold
+47.8 %
16 Jul 2012
£1,150,000
Leasehold
+55.4 %
3 Jun 2005
£740,000
Leasehold
+13 %
22 Jul 2003
£655,000
Leasehold

Area Insights

Similar Properties Sold Nearby

rooms: 4
size: 1227 sq ft
sale price: £1,550,000
sale date: 21 Jan 2016
rooms: 4
size: 1173 sq ft
sale price: £685,000
sale date: 19 Jan 2007
rooms: 4
size: 1206 sq ft
sale price: £545,000
sale date: 10 Apr 2003
rooms: 4
size: 1174 sq ft
sale price: £1,630,000
sale date: 27 Apr 2023
rooms: 4
size: 1270 sq ft
sale price: £1,400,000
sale date: 2 Dec 2022

Data Sources

The property at Flat 113, Balmoral Apartments, 2 Praed Street, London, W2 1JL appears five times in the Land Registry records, with the latest transaction recorded on 21 Mar 2023. It also has two Energy Performance Certificates (EPC) entries, the earliest dating back to 15 Sep 2022. We use this data, to estimate the property's characteristics and current market value.

This website uses public sector information from:

These datasets are licensed under the Open Government Licence v3.0.
This website is not affiliated with or endorsed by HM Land Registry or DLUHC.


Disclaimer: StreetScan.co.uk makes all reasonable efforts to ensure the information provided on this website is current and accurate; however, no warranties or representations are made as to its completeness or accuracy. StreetScan.co.uk expressly disclaims any and all liability for any loss, damage, or expense arising directly or indirectly from the use of, or reliance upon, such information.