Flat 513, Balmoral Apartments, 2 Praed Street, London, W2 1AL is a leasehold flat built between 2003-2006. The property offers approximately 506 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 £458,540 , which equates to approximately £906 per square foot. It was last sold on 9 May 2024 for £546,000. Since then, the value has decreased by £87,460, representing a 16.0% decrease, or approximately 9.9% per year.

The current estimated value of £458,540 is:

  • 56.2% lower than the average property price on Praed Street
  • 54.4% lower than the average in the W2 1AL postcode area
  • and 45.1% lower than the average price for London as a whole

This property has had 2 EPC inspections with recorded tenure information. It was recorded as owner-occupied both times. This suggests the property has typically been lived in by its owners, which often reflects longer-term residency and more consistent maintenance.

At the most recent EPC inspection on 29 September 2018, 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
506 sq ft
Tenure
Leasehold
Floor level
5th floor
Price (estimate)
£458,540
Price Per sq ft (estimate)
£906
Bedroom Count (estimate)
1 bedroom

EPC Summary

Flat 513, 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 29 Sep 2018.

This property uses electric underfloor heating 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 23 Sep 2013, and the property received the same rating of C with an unchanged energy efficiency score of 79.

Since the previous assessment, several changes were observed:

  • The hot water system was changed from community scheme to electric immersion, off-peak, with its energy efficiency changing from good to average.
  • The lighting was updated from low energy lighting in 20% of fixed outlets to low energy lighting in all fixed outlets, with efficiency improving from poor to very good.
Heating Type
Electric underfloor heating
Very Poor
Hot Water
Electric immersion, off-peak
Average
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

27 th / 39
Price Rank
54% lower than average
21 st / 34
Size Rank
29% smaller than average
14 th / 34
Price Per Sq FT Rank
36% lower than average

Compared to other properties in W2 1AL , this flat's estimated value ranks 27th out of 39. Based on price per square foot, it ranks 14th out of 34 properties. In terms of size, this home ranks 21th out of 34 properties in its postcode area.

Sale History

Today
£458,540
streetscan.co.uk estimate
-16 %
9 May 2024
£546,000
Leasehold
-8.2 %
28 Oct 2013
£595,000
Leasehold
+12.3 %
20 Dec 2012
£530,000
Leasehold
+86 %
10 Jul 2003
£285,000
Leasehold

Area Insights

Similar Properties Sold Nearby

rooms: 2
size: 484 sq ft
sale price: £450,000
sale date: 15 Aug 2023
rooms: 2
size: 570 sq ft
sale price: £675,000
sale date: 22 Sep 2016
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 513, Balmoral Apartments, 2 Praed Street, London, W2 1AL appears four times in the Land Registry records, with the latest transaction recorded on 9 May 2024. It also has three Energy Performance Certificates (EPC) entries, the earliest dating back to 29 Sep 2018. 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.