Flat 505, Balmoral Apartments, 2 Praed Street, London, W2 1AL is a leasehold flat built between 2003-2006. The property offers approximately 689 square feet of living space and is situated on the 8th floor. In this location, apartments of similar size usually have two bedrooms.

The estimated current market value of the property is £714,008 , which equates to approximately £1,036 per square foot. It was last sold on 12 Feb 2014 for £750,000. Since then, the value has decreased by £35,992, representing a 4.8% decrease, or approximately 0.4% per year.

The current estimated value of £714,008 is:

  • 31.8% lower than the average property price on Praed Street
  • 29.0% lower than the average in the W2 1AL postcode area
  • and 14.6% lower than the average price for London as a whole

At the most recent EPC inspection on 5 June 2009, the property was recorded as owner-occupied.

View sold house prices in W2 1AL

Building approximate location

About Property

Type
Flat
Built
2003-2006
Interior Size
689 sq ft
Tenure
Leasehold
Floor level
8th floor
Price (estimate)
£714,008
Price Per sq ft (estimate)
£1,036
Bedroom Count (estimate)
2 bedrooms

EPC Summary

Flat 505, Balmoral Apartments, 2 Praed Street, London, City Of Westminster, Greater London Authority, W2 1AL has an Energy Performance Certificate (EPC) rating of B, based on the latest assessment carried out on 26 Apr 2013.

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 5 Jun 2009, when the property was rated C. Since then, the rating has improved to B, with the energy efficiency score increasing by 12.2%.

Since the previous assessment, several changes were observed:

  • The heating system was upgraded from boiler and underfloor heating, electric to warm air, electricaire, improving energy efficiency from poor to average.
  • The hot water system was changed from from main system to electric immersion, off-peak, with its energy efficiency improving from poor to average.
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
No low energy lighting
Very Poor

Compared to W2 1AL

18 th / 39
Price Rank
29% lower than average
16 th / 34
Size Rank
4% smaller than average
18 th / 34
Price Per Sq FT Rank
26% lower than average

Compared to other properties in W2 1AL , this flat's estimated value ranks 18th out of 39. Based on price per square foot, it ranks 18th out of 34 properties. In terms of size, this home ranks 16th out of 34 properties in its postcode area.

Sale History

Today
£714,008
streetscan.co.uk estimate
-5 %
12 Feb 2014
£750,000
Leasehold
+29.3 %
23 Sep 2009
£580,000
Leasehold
+75.8 %
13 Jun 2003
£330,000
Leasehold

Area Insights

Similar Properties Sold Nearby

rooms: 4
size: 646 sq ft
sale price: £760,000
sale date: 6 Jul 2018
rooms: 3
size: 786 sq ft
sale price: £1,000,000
sale date: 25 Nov 2015
rooms: 3
size: 667 sq ft
sale price: £450,000
sale date: 21 May 2007
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 505, Balmoral Apartments, 2 Praed Street, London, W2 1AL appears three times in the Land Registry records, with the latest transaction recorded on 12 Feb 2014. It also has two Energy Performance Certificates (EPC) entries, the earliest dating back to 26 Apr 2013. 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.