Flat 503, Balmoral Apartments, 2 Praed Street, London, W2 1AL is a leasehold flat built between 2003-2006. The property offers approximately 248 square feet of living space and is situated on the 5th floor. In this location, apartments of similar size usually have one bedroom.

The estimated current market value of the property is £952,123 , which equates to approximately £3,846 per square foot. It was last sold on 31 Mar 2015 for £1,100,000. Since then, the value has decreased by £147,877, representing a 13.4% decrease, or approximately 1.3% per year.

The current estimated value of £952,123 is:

  • 9.1% lower than the average property price on Praed Street
  • 5.4% lower than the average in the W2 1AL postcode area
  • and 13.9% higher than the average price for London as a whole

At the most recent EPC inspection on 6 March 2023, the property was recorded as rented.

View sold house prices in W2 1AL

Building approximate location

About Property

Type
Flat
Built
2003-2006
Interior Size
248 sq ft
Tenure
Leasehold
Floor level
5th floor
Price (estimate)
£952,123
Price Per sq ft (estimate)
£3,846
Bedroom Count (estimate)
1 bedroom

EPC Summary

Flat 503, Balmoral Apartments, 2 Praed Street, London, City Of Westminster, Greater London, W2 1AL has an Energy Performance Certificate (EPC) rating of B, based on the latest assessment carried out on 6 Mar 2023.

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 22 Oct 2013, when the property was rated C. Since then, the rating has improved to B, with the energy efficiency score increasing by 3.8%.

Since the previous assessment, several changes were observed:

  • The heating system was upgraded from air source heat pump, warm air, electric to warm air, electricaire, changing energy efficiency from good to poor.
  • The hot water energy efficiency changing from average to poor, while the system remained as electric immersion, off-peak.
  • 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
Warm air, Electricaire
Poor
Hot Water
Electric immersion, off-peak
Poor
Walls
System built, as built, insulated (assumed)
Good
Windows
Fully double glazed
Good
Lighting
Low energy lighting in all fixed outlets
Very Good

Compared to W2 1AL

15 th / 39
Price Rank
5% lower than average
34 th / 34
Size Rank
65% smaller than average
1 st / 34
Price Per Sq FT Rank
173% higher than average

Compared to other properties in W2 1AL , this flat's estimated value ranks 15th out of 39. Based on price per square foot, it ranks 1st out of 34 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 34th out of 34 properties in its postcode area.

Sale History

Today
£952,123
streetscan.co.uk estimate
-13 %
31 Mar 2015
£1,100,000
Leasehold
+347.2 %
15 Dec 2003
£246,000
Leasehold
+18.9 %
13 Jun 2003
£206,850
Leasehold

Area Insights

Similar Properties Sold Nearby

rooms: 1
size: 280 sq ft
sale price: £297,500
sale date: 6 Dec 2023
rooms: 1
size: 248 sq ft
sale price: £297,500
sale date: 6 Dec 2023
rooms: 1
size: 226 sq ft
sale price: £200,000
sale date: 11 May 2007
rooms: 1
size: 226 sq ft
sale price: £200,000
sale date: 11 May 2007

Data Sources

The property at Flat 503, Balmoral Apartments, 2 Praed Street, London, W2 1AL appears three times in the Land Registry records, with the latest transaction recorded on 31 Mar 2015. It also has two Energy Performance Certificates (EPC) entries, the earliest dating back to 6 Mar 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.