Flat 22, 55 Park Lane, London, W1K 1PT is a leasehold flat built between 1930-1949. The property offers approximately 1,570 square feet of living space and is situated on the 1st floor of a 9-storey building. In this location, apartments of similar size usually have five bedrooms.

The estimated current market value of the property is £3,204,167 , which equates to approximately £2,039 per square foot. It was last sold on 31 Oct 2002 for £1,300,000. Since then, the value has increased by £1,904,167, representing a 146.5% increase, or approximately 6.3% per year.

The current estimated value of £3,204,167 is:

  • 88.2% higher than the average property price on Park Lane
  • 12.1% higher than the average in the W1K 1PT postcode area
  • and 266.1% 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 2 October 2009, the property was recorded as owner-occupied.

View sold house prices in W1K 1PT

Building approximate location

About Property

Type
Flat
Built
1930-1949
Interior Size
1570 sq ft
Tenure
Leasehold
Floor level
1st floor of 9
Price (estimate)
£3,204,167
Price Per sq ft (estimate)
£2,039
Bedroom Count (estimate)
5 bedrooms

EPC Summary

Flat 22, 55 Park Lane, London, City Of Westminster, Greater London Authority, W1K 1PT has an Energy Performance Certificate (EPC) rating of C, based on the latest assessment carried out on 2 Oct 2009.

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. Hot water is provided from the main heating system, but the cylinder is not fitted with a thermostat. The windows are fully double glazed.

The previous EPC assessment was conducted on 25 Aug 2009, when the property was rated D. Since then, the rating has improved to C, with the energy efficiency score increasing by 26.8%.

Heating Type
Community scheme
Good
Hot Water
From main system, no cylinderstat
Good
Walls
Solid brick, as built, no insulation (assumed)
Very Poor
Windows
Fully double glazed
Average
Lighting
No low energy lighting
Very Poor

Compared to W1K 1PT

4 th / 10
Price Rank
12% higher than average
3 rd / 10
Size Rank
32% bigger than average
9 th / 10
Price Per Sq FT Rank
15% lower than average

Compared to other properties in W1K 1PT , this flat's estimated value ranks 4th out of 10. Based on price per square foot, it ranks 9th out of 10 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 3rd out of 10 properties in its postcode area.

Sale History

Today
£3,204,167
streetscan.co.uk estimate
+146 %
31 Oct 2002
£1,300,000
Leasehold

Area Insights

Similar Properties Sold Nearby

rooms: 3
size: 1485 sq ft
sale price: £1,330,000
sale date: 8 Dec 2003
rooms: 4
size: 1722 sq ft
sale price: £1,799,999
sale date: 4 Jul 2003
rooms: 4
size: 1483 sq ft
sale price: £1,299,999
sale date: 14 Apr 2003

Data Sources

The property at Flat 22, 55 Park Lane, London, City Of Westminster, Greater London Authority, W1K 1PT appears once in the Land Registry records, with the transaction recorded on 31 Oct 2002. It also has two Energy Performance Certificates (EPC) entries, the earliest dating back to 2 Oct 2009. 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.