Flat 704, Balmoral Apartments, 2 Praed Street, London, W2 1AL is a leasehold flat built between 1983-1990. The property offers approximately 334 square feet of living space and is situated on the 7th floor. In this location, apartments of similar size usually have one bedroom.

The estimated current market value of the property is £481,404 , which equates to approximately £1,443 per square foot. It was last sold on 2 Aug 2012 for £425,000. Since then, the value has increased by £56,404, representing a 13.3% increase, or approximately 1.0% per year.

The current estimated value of £481,404 is:

  • 54.0% lower than the average property price on Praed Street
  • 52.1% lower than the average in the W2 1AL postcode area
  • and 42.4% lower than the average price for London as a whole

This property has had 2 EPC inspections with recorded tenure information. It was recorded once as rented and once as owner-occupied, indicating a change in how it was used over time.

At the most recent EPC inspection on 4 April 2022, the property was recorded as rented.

View sold house prices in W2 1AL

Building approximate location

About Property

Type
Flat
Built
1983-1990
Interior Size
334 sq ft
Tenure
Leasehold
Floor level
7th floor
Price (estimate)
£481,404
Price Per sq ft (estimate)
£1,443
Bedroom Count (estimate)
1 bedroom

EPC Summary

Flat 704, 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 4 Apr 2022.

This property is heated by a shared community system (community scheme). Community heating means the heat is supplied from a central source serving multiple homes. A community heating scheme is used to provide hot water. The windows are fully double glazed.

The previous EPC assessment was conducted on 4 Apr 2012, when the property was rated B. The current rating of C reflects a decline in energy efficiency of 6%.

Since the previous assessment, several changes were observed:

  • The heating system was upgraded from room heaters, electric to community scheme, improving energy efficiency from poor to good.
  • The hot water system was changed from electric immersion, off-peak to community scheme, with its energy efficiency improving from average to good.
  • 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
Community scheme
Good
Hot Water
Community scheme
Good
Walls
Cavity wall, as built, insulated (assumed)
Good
Windows
Fully double glazed
Average
Lighting
Low energy lighting in all fixed outlets
Very Good

Compared to W2 1AL

26 th / 39
Price Rank
52% lower than average
33 rd / 34
Size Rank
53% smaller than average
2 nd / 34
Price Per Sq FT Rank
2% higher than average

Compared to other properties in W2 1AL , this flat's estimated value ranks 26th out of 39. Based on price per square foot, it ranks 2nd out of 34 properties. This suggests a relatively high price per square foot, which may reflect quality, location, or recent upgrades. In terms of size, this home ranks 33th out of 34 properties in its postcode area.

Sale History

Today
£481,404
streetscan.co.uk estimate
+13 %
2 Aug 2012
£425,000
Leasehold
+30.8 %
2 Mar 2007
£325,000
Leasehold
+19.5 %
5 Jan 2007
£272,000
Leasehold
-12.3 %
16 Jan 2006
£310,000
Leasehold
+7.8 %
19 Sep 2003
£287,500
Leasehold

Area Insights

Similar Properties Sold Nearby

rooms: 1
size: 366 sq ft
sale price: £455,000
sale date: 27 Nov 2014
rooms: 3
size: 341 sq ft
sale price: £870,000
sale date: 13 Sep 2013
rooms: 1
size: 377 sq ft
sale price: £245,000
sale date: 15 Apr 2003

Data Sources

The property at Flat 704, Balmoral Apartments, 2 Praed Street, London, W2 1AL appears five times in the Land Registry records, with the latest transaction recorded on 2 Aug 2012. It also has two Energy Performance Certificates (EPC) entries, the earliest dating back to 4 Apr 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.


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.