Flat 509, Balmoral Apartments, 2 Praed Street, London, W2 1AL is a leasehold flat built between 1996-2002. 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 £975,570 , which equates to approximately £1,225 per square foot. It was last sold on 18 Apr 2008 for £630,000. Since then, the value has increased by £345,570, representing a 54.9% increase, or approximately 3.1% per year.

The current estimated value of £975,570 is:

  • 6.9% lower than the average property price on Praed Street
  • 3.0% lower than the average in the W2 1AL postcode area
  • and 16.7% higher than the average price for London as a whole

At the most recent EPC inspection on 22 November 2022, the property was recorded as rented.

View sold house prices in W2 1AL

Building approximate location

About Property

Type
Flat
Built
1996-2002
Interior Size
797 sq ft
Tenure
Leasehold
Floor level
5th floor
Price (estimate)
£975,570
Price Per sq ft (estimate)
£1,225
Bedroom Count (estimate)
2 bedrooms

EPC Summary

Flat 509, Balmoral Apartments, 2 Praed Street, London, City Of Westminster, Greater London, W2 1AL has an Energy Performance Certificate (EPC) rating of C, based on the latest assessment carried out on 22 Nov 2022.

This property is heated by an air source heat pump with warm air heating. 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 26 Jul 2010, when the property was rated D. Since then, the rating has improved to C, with the energy efficiency score increasing by 19%.

Since the previous assessment, several changes were observed:

  • The heating system was upgraded from electric underfloor heating to air source heat pump, warm air, electric, improving energy efficiency from very poor to poor.
  • The hot water energy efficiency changing from average to very poor, while the system remained as electric immersion, standard tariff.
  • 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
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 all fixed outlets
Very Good

Compared to W2 1AL

14 th / 39
Price Rank
3% lower than average
11 th / 34
Size Rank
11% bigger than average
25 th / 34
Price Per Sq FT Rank
13% lower than average

Compared to other properties in W2 1AL , this flat's estimated value ranks 14th out of 39. Based on price per square foot, it ranks 25th 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 11th out of 34 properties in its postcode area.

Sale History

Today
£975,570
streetscan.co.uk estimate
+55 %
18 Apr 2008
£630,000
Leasehold
+71.7 %
12 Sep 2003
£367,000
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: 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
rooms: 3
size: 797 sq ft
sale price: £345,000
sale date: 13 Jun 2003

Data Sources

The property at Flat 509, Balmoral Apartments, 2 Praed Street, London, W2 1AL appears two times in the Land Registry records, with the latest transaction recorded on 18 Apr 2008. It also has two Energy Performance Certificates (EPC) entries, the earliest dating back to 22 Nov 2022. 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.


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