Flat 502, Balmoral Apartments, 2 Praed Street, London, W2 1AL is a leasehold flat built between 2003-2006. The property offers approximately 797 square feet of living space and is situated on the 5th floor. In this location, apartments of similar size usually have two bedrooms.

The estimated current market value of the property is £781,574 , which equates to approximately £981 per square foot. It was last sold on 13 Jun 2003 for £345,000. Since then, the value has increased by £436,574, representing a 126.5% increase, or approximately 5.6% per year.

The current estimated value of £781,574 is:

  • 25.4% lower than the average property price on Praed Street
  • 22.3% lower than the average in the W2 1AL postcode area
  • and 6.5% lower than the average price for London as a whole

View sold house prices in W2 1AL

Building approximate location

About Property

Type
Flat
Built
2003-2006
Interior Size
797 sq ft
Tenure
Leasehold
Floor level
5th floor
Price (estimate)
£781,574
Price Per sq ft (estimate)
£981
Bedroom Count (estimate)
2 bedrooms

EPC Summary

Flat 502, Balmoral Apartments, 2 Praed Street, London, City Of Westminster, Greater London Authority, W2 1AL has an Energy Performance Certificate (EPC) rating of C, based on the latest assessment carried out on 24 Jul 2019.

This property uses an Electricaire warm air system 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 15 Apr 2009, when the property was rated D. Since then, the rating has improved to C, with the energy efficiency score increasing by 17.9%.

Since the previous assessment, several changes were observed:

  • The heating system was upgraded from room heaters, electric to warm air, electricaire, improving energy efficiency from very poor to average.
  • The hot water system was changed from electric immersion, standard tariff to electric immersion, off-peak, with its energy efficiency improving from very poor to average.
  • The wall construction or insulation changed from cavity wall, as built, insulated (assumed) to system built, as built, insulated (assumed), with no change in energy efficiency (good).
  • The lighting was updated from low energy lighting in 12% of fixed outlets to low energy lighting in 64% of fixed outlets, with efficiency improving from poor to good.
Heating Type
Warm air, Electricaire
Average
Hot Water
Electric immersion, off-peak
Average
Walls
System built, as built, insulated (assumed)
Good
Windows
Fully double glazed
Good
Lighting
Low energy lighting in 64% of fixed outlets
Good

Compared to W2 1AL

21 st / 39
Price Rank
22% lower than average
12 th / 34
Size Rank
11% bigger than average
33 rd / 34
Price Per Sq FT Rank
30% lower than average

Compared to other properties in W2 1AL , this flat's estimated value ranks 21th out of 39. Based on price per square foot, it ranks 33th out of 34 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 12th out of 34 properties in its postcode area.

Sale History

Today
£781,574
streetscan.co.uk estimate
+127 %
13 Jun 2003
£345,000
Leasehold

Area Insights

Similar Properties Sold Nearby

rooms: 3
size: 786 sq ft
sale price: £1,000,000
sale date: 25 Nov 2015
rooms: 3
size: 689 sq ft
sale price: £750,000
sale date: 12 Feb 2014
rooms: 3
size: 797 sq ft
sale price: £630,000
sale date: 18 Apr 2008
rooms: 3
size: 753 sq ft
sale price: £497,000
sale date: 1 Jun 2006
rooms: 4
size: 710 sq ft
sale price: £540,000
sale date: 14 Jul 2003

Data Sources

The property at Flat 502, Balmoral Apartments, 2 Praed Street, London, City Of Westminster, Greater London Authority, W2 1AL appears once in the Land Registry records, with the transaction recorded on 13 Jun 2003. It also has two Energy Performance Certificates (EPC) entries, the earliest dating back to 24 Jul 2019. 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.