Flat 173, 55 Park Lane, London, W1K 1PZ is a leasehold flat built between 1930-1949. The property offers approximately 646 square feet of living space and is situated on the 8th floor. In this location, apartments of similar size usually have two bedrooms.

The estimated current market value of the property is £1,285,562 , which equates to approximately £1,991 per square foot. It was last sold on 24 Apr 2003 for £550,000. Since then, the value has increased by £735,562, representing a 133.7% increase, or approximately 5.9% per year.

The current estimated value of £1,285,562 is:

  • 24.5% lower than the average property price on Park Lane
  • 50.1% lower than the average in the W1K 1PZ postcode area
  • and 46.9% 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 5 June 2023, the property was recorded as rented.

View sold house prices in W1K 1PZ

Building approximate location

About Property

Type
Flat
Built
1930-1949
Interior Size
646 sq ft
Tenure
Leasehold
Floor level
8th floor
Price (estimate)
£1,285,562
Price Per sq ft (estimate)
£1,991
Bedroom Count (estimate)
2 bedrooms

EPC Summary

Flat 173, 55 Park Lane, London, City Of Westminster, Greater London, W1K 1PZ has an Energy Performance Certificate (EPC) rating of C, based on the latest assessment carried out on 5 Jun 2023.

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 community heating scheme is used to provide hot water. The windows are fully double glazed.

The previous EPC assessment was conducted on 1 Oct 2012. The rating of C is unchanged, though the energy efficiency score decreased by 4.1%.

Since the previous assessment, several changes were observed:

  • 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
Community scheme
Good
Walls
Solid brick, as built, no insulation (assumed)
Very Poor
Windows
Fully double glazed
Average
Lighting
Low energy lighting in all fixed outlets
Very Good

Sale History

Today
£1,285,562
streetscan.co.uk estimate
+134 %
24 Apr 2003
£550,000
Leasehold

Area Insights

Similar Properties Sold Nearby

rooms: 3
size: 716 sq ft
sale price: £665,000
sale date: 29 Aug 2002
rooms: 3
size: 560 sq ft
sale price: £285,000
sale date: 31 Jan 2023
rooms: 3
size: 560 sq ft
sale price: £265,000
sale date: 30 Jun 2021
rooms: 2
size: 661 sq ft
sale price: £1,532,500
sale date: 16 Jan 2018
rooms: 3
size: 743 sq ft
sale price: £265,000
sale date: 20 Feb 2017

Data Sources

The property at Flat 173, 55 Park Lane, London, City Of Westminster, Greater London, W1K 1PZ appears once in the Land Registry records, with the transaction recorded on 24 Apr 2003. It also has two Energy Performance Certificates (EPC) entries, the earliest dating back to 5 Jun 2023. 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.