Flat 506, Balmoral Apartments, 2 Praed Street, London, W2 1AL is a leasehold flat built between 2003-2006. The property offers approximately 463 square feet of living space and is situated on the 3rd floor. In this location, apartments of similar size usually have one bedroom.

The estimated current market value of the property is £547,081 , which equates to approximately £1,182 per square foot. It was last sold on 17 Jul 2003 for £240,000. Since then, the value has increased by £307,081, representing a 128.0% increase, or approximately 5.7% per year.

The current estimated value of £547,081 is:

  • 47.8% lower than the average property price on Praed Street
  • 45.6% lower than the average in the W2 1AL postcode area
  • and 34.5% 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
463 sq ft
Tenure
Leasehold
Floor level
3rd floor
Price (estimate)
£547,081
Price Per sq ft (estimate)
£1,182
Bedroom Count (estimate)
1 bedroom

EPC Summary

Flat 506, 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 4 Oct 2019.

This property uses electric underfloor heating as its main heating source. A standard tariff electric immersion heater is used to provide hot water. The windows are fully double glazed.

The previous EPC assessment was conducted on 4 Aug 2009. The rating of C remains the same, but the energy efficiency score improved by 10.1%.

Since the previous assessment, several changes were observed:

  • The lighting was updated from no low energy lighting to low energy lighting in 85% of fixed outlets, with efficiency improving from very poor to very good.
Heating Type
Electric underfloor heating
Very Poor
Hot Water
Electric immersion, standard tariff
Very Poor
Walls
System built, as built, insulated (assumed)
Good
Windows
Fully double glazed
Average
Lighting
Low energy lighting in 85% of fixed outlets
Very Good

Compared to W2 1AL

37 th / 39
Price Rank
46% lower than average
27 th / 34
Size Rank
35% smaller than average
28 th / 34
Price Per Sq FT Rank
16% lower than average

Compared to other properties in W2 1AL , this flat's estimated value ranks 37th out of 39. Based on price per square foot, it ranks 28th 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 27th out of 34 properties in its postcode area.

Sale History

Today
£547,081
streetscan.co.uk estimate
+128 %
17 Jul 2003
£240,000
Leasehold

Area Insights

Similar Properties Sold Nearby

rooms: 2
size: 506 sq ft
sale price: £546,000
sale date: 9 May 2024
rooms: 2
size: 484 sq ft
sale price: £450,000
sale date: 15 Aug 2023
rooms: 2
size: 474 sq ft
sale price: £568,000
sale date: 4 Mar 2015
rooms: 2
size: 441 sq ft
sale price: £575,000
sale date: 3 Oct 2014
rooms: 2
size: 474 sq ft
sale price: £499,000
sale date: 17 Dec 2013

Data Sources

The property at Flat 506, 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 17 Jul 2003. It also has two Energy Performance Certificates (EPC) entries, the earliest dating back to 4 Oct 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.