Flat 403, Balmoral Apartments, 2 Praed Street, London, W2 1JL is a leasehold flat built between 1996-2002. The property offers approximately 441 square feet of living space and is situated on the 4th floor. In this location, apartments of similar size usually have one bedroom.

The estimated current market value of the property is £502,032 , which equates to approximately £1,138 per square foot. It was last sold on 10 Feb 2016 for £593,000. Since then, the value has decreased by £90,968, representing a 15.3% decrease, or approximately 1.6% per year.

The current estimated value of £502,032 is:

  • 52.1% lower than the average property price on Praed Street
  • 45.6% lower than the average in the W2 1JL postcode area
  • and 39.9% lower 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 20 October 2020, the property was recorded as owner-occupied.

View sold house prices in W2 1JL

Building approximate location

About Property

Type
Flat
Built
1996-2002
Interior Size
441 sq ft
Tenure
Leasehold
Floor level
4th floor
Price (estimate)
£502,032
Price Per sq ft (estimate)
£1,138
Bedroom Count (estimate)
1 bedroom

EPC Summary

Flat 403, Balmoral Apartments, 2 Praed Street, London, City Of Westminster, Greater London, W2 1JL has an Energy Performance Certificate (EPC) rating of B, based on the latest assessment carried out on 20 Oct 2020.

This property uses electric underfloor heating as its main heating source. Hot water is provided from off-peak electric immersion heater. The windows are fully double glazed.

The previous EPC assessment was conducted on 20 Nov 2008, and the property received the same rating of B with an unchanged energy efficiency score of 82.

Since the previous assessment, several changes were observed:

  • The main heating energy efficiency changing from poor to very poor, while the heating system type remained the same (electric underfloor heating).
  • The lighting was updated from low energy lighting in all fixed outlets to low energy lighting in 33% of fixed outlets, with efficiency changing from very good to average.
Heating Type
Electric underfloor heating
Very Poor
Hot Water
Electric immersion, off-peak
Average
Walls
Cavity wall, as built, insulated (assumed)
Good
Windows
Fully double glazed
Good
Lighting
Low energy lighting in 33% of fixed outlets
Average

Compared to W2 1JL

59 th / 82
Price Rank
46% lower than average
67 th / 70
Size Rank
38% smaller than average
8 th / 70
Price Per Sq FT Rank
12% lower than average

Compared to other properties in W2 1JL , this flat's estimated value ranks 59th out of 82. Based on price per square foot, it ranks 8th out of 70 properties. This suggests a relatively high price per square foot, which may reflect quality, location, or recent upgrades. In terms of size, this home ranks 67th out of 70 properties in its postcode area.

Sale History

Today
£502,032
streetscan.co.uk estimate
-15 %
10 Feb 2016
£593,000
Leasehold
+54 %
3 May 2007
£385,000
Leasehold
+71.9 %
18 Jun 2003
£224,000
Leasehold

Area Insights

Similar Properties Sold Nearby

rooms: 2
size: 466 sq ft
sale price: £590,000
sale date: 30 Sep 2022
rooms: 2
size: 441 sq ft
sale price: £571,250
sale date: 29 Jun 2021
rooms: 2
size: 452 sq ft
sale price: £585,000
sale date: 13 Sep 2017
rooms: 2
size: 495 sq ft
sale price: £500,000
sale date: 15 Aug 2014
rooms: 2
size: 506 sq ft
sale price: £475,000
sale date: 8 May 2012

Data Sources

The property at Flat 403, Balmoral Apartments, 2 Praed Street, London, W2 1JL appears three times in the Land Registry records, with the latest transaction recorded on 10 Feb 2016. It also has two Energy Performance Certificates (EPC) entries, the earliest dating back to 20 Oct 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.