Flat 507, Balmoral Apartments, 2 Praed Street, London, W2 1AL is a leasehold flat built between 2003-2006. The property offers approximately 474 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 £487,056 , which equates to approximately £1,028 per square foot. It was last sold on 17 Dec 2013 for £499,000. Since then, the value has decreased by £11,944, representing a 2.4% decrease, or approximately 0.2% per year.

The current estimated value of £487,056 is:

  • 53.5% lower than the average property price on Praed Street
  • 51.6% lower than the average in the W2 1AL postcode area
  • and 41.7% lower than the average price for London as a whole

At the most recent EPC inspection on 17 June 2019, 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
474 sq ft
Tenure
Leasehold
Floor level
5th floor
Price (estimate)
£487,056
Price Per sq ft (estimate)
£1,028
Bedroom Count (estimate)
1 bedroom

EPC Summary

Flat 507, 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 17 Jun 2019.

This property is heated by an air source heat pump with warm air heating. Hot water is provided from off-peak electric immersion heater. The windows are fully double glazed.

The previous EPC assessment was conducted on 5 Feb 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 hot water system was changed from electric immersion, standard tariff to electric immersion, off-peak, with its energy efficiency improving from very poor to poor.
  • The wall construction or insulation changed from system built, as built, insulated (assumed) to cavity wall, as built, insulated (assumed), with no change in energy efficiency (good).
  • 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
Air source heat pump, warm air, electric
Average
Hot Water
Electric immersion, off-peak
Poor
Walls
Cavity wall, as built, insulated (assumed)
Good
Windows
Fully double glazed
Good
Lighting
Low energy lighting in all fixed outlets
Very Good

Compared to W2 1AL

31 st / 39
Price Rank
52% lower than average
25 th / 34
Size Rank
34% smaller than average
19 th / 34
Price Per Sq FT Rank
27% lower than average

Compared to other properties in W2 1AL , this flat's estimated value ranks 31th out of 39. Based on price per square foot, it ranks 19th out of 34 properties. In terms of size, this home ranks 25th out of 34 properties in its postcode area.

Sale History

Today
£487,056
streetscan.co.uk estimate
-2 %
17 Dec 2013
£499,000
Leasehold
+81.5 %
8 Apr 2004
£275,000
Leasehold
+14.6 %
11 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: 452 sq ft
sale price: £480,000
sale date: 27 Sep 2013

Data Sources

The property at Flat 507, Balmoral Apartments, 2 Praed Street, London, W2 1AL appears three times in the Land Registry records, with the latest transaction recorded on 17 Dec 2013. It also has two Energy Performance Certificates (EPC) entries, the earliest dating back to 17 Jun 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.