Flat 2, 1 Palace Gate, London, W8 5LS is a leasehold flat built between 1930-1949. The property offers approximately 1,668 square feet of living space and is situated on the 2nd floor. In this location, apartments of similar size usually have five bedrooms.

The estimated current market value of the property is £2,400,000 , which equates to approximately £1,439 per square foot. It was last sold on 29 May 1997 for £480,000. Since then, the value has increased by £1,920,000, representing a 400.0% increase, or approximately 14.0% per year.

The current estimated value of £2,400,000 is:

  • 4.9% lower than the average property price on Palace Gate
  • 16.0% lower than the average in the W8 5LS postcode area
  • and 174.2% higher than the average price for London as a whole

This property has had 2 EPC inspections with recorded tenure information. It was recorded as owner-occupied both times. This suggests the property has typically been lived in by its owners, which often reflects longer-term residency and more consistent maintenance.

At the most recent EPC inspection on 24 November 2020, the property was recorded as owner-occupied.

View sold house prices in W8 5LS

Building approximate location

About Property

Type
Flat
Built
1930-1949
Interior Size
1668 sq ft
Tenure
Leasehold
Floor level
2nd floor
Price (estimate)
£2,400,000
Price Per sq ft (estimate)
£1,439
Bedroom Count (estimate)
5 bedrooms

EPC Summary

Flat 2, 1 Palace Gate, London, Kensington And Chelsea, Greater London, W8 5LS has an Energy Performance Certificate (EPC) rating of D, based on the latest assessment carried out on 24 Nov 2020.

This property is heated by an air source heat pump with warm air heating. Hot water is provided from main heating system. The windows have some double glazing.

The previous EPC assessment was conducted on 11 Nov 2009, when the property was rated G. Since then, the rating has improved to D, with the energy efficiency score increasing by 292.9%.

Since the previous assessment, several changes were observed:

  • The heating system was upgraded from electric ceiling heating to air source heat pump, warm air, electric, improving energy efficiency from very poor to poor.
  • The hot water system was changed from gas multipoint to from main system, with its energy efficiency changing from average to poor.
  • The wall energy efficiency improving from very poor to poor, with the construction or insulation remaining solid brick, as built, no insulation (assumed).
  • The lighting was updated from low energy lighting in 40% of fixed outlets to low energy lighting in all fixed outlets, with efficiency improving from average to very good.
Heating Type
Air source heat pump, warm air, electric
Poor
Hot Water
From main system
Poor
Walls
Solid brick, as built, no insulation (assumed)
Poor
Windows
Some double glazing
Very Poor
Lighting
Low energy lighting in all fixed outlets
Very Good

Compared to W8 5LS

34 th / 74
Price Rank
16% lower than average
10 th / 35
Size Rank
12% smaller than average
24 th / 35
Price Per Sq FT Rank
5% lower than average

Compared to other properties in W8 5LS , this flat's estimated value ranks 34th out of 74. Based on price per square foot, it ranks 24th out of 35 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 10th out of 35 properties in its postcode area.

Sale History

Today
£2,400,000
streetscan.co.uk estimate
+400 %
29 May 1997
£480,000
Leasehold

Area Insights

Similar Properties Sold Nearby

rooms: 5
size: 1518 sq ft
sale price: £2,300,000
sale date: 14 Dec 2023
rooms: 6
size: 1873 sq ft
sale price: £2,520,000
sale date: 1 Mar 2023
rooms: 4
size: 1636 sq ft
sale price: £4,090,000
sale date: 26 Jun 2017
rooms: 4
size: 1733 sq ft
sale price: £717,500
sale date: 10 Dec 2010
rooms: 4
size: 1787 sq ft
sale price: £3,600,000
sale date: 3 Apr 2017

Data Sources

The property at Flat 2, 1 Palace Gate, London, Kensington And Chelsea, Greater London, W8 5LS appears once in the Land Registry records, with the transaction recorded on 29 May 1997. It also has two Energy Performance Certificates (EPC) entries, the earliest dating back to 24 Nov 2020. 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.