Housing Market Analysis for PRAED STREET, W2 1RL

Are you looking to understand W2 1RL house prices? Here, we provide a detailed analysis of the latest sold house prices, trends over the years, and key statistics to help you gauge the real estate landscape in this Westminster postcode.

For the location information and nearby amenities in the W2 1RL area, explore the W2 1RL Area information page.
For comprehensive crime statistics in the W2 1RL area, explore the W2 1RL Crime Rates page.

Overview of Sold House prices

As per the latest sold houses in the W2 1RL postcode area, The average prices are as follows,

  • Other
    • The average price is around £2,482,727 median price is £2,400,000 Standard Deviation is £1,869,287 with Total Sold: 11
    • The Last 5 Year average price is £2,076,667 with Total Sold: 6
    • The most recent sale happened at this postcode is 155A PRAED STREET: £2,950,000 (Sold on 29 Jan 2024)
    • The first recorded sale happened at this postcode is 157A PRAED STREET: £2,700,000 (Sold on 13 Mar 2015)
  • Flat
    • The average price is around £400,200 median price is £377,000 Standard Deviation is £213,831 with Total Sold: 15
    • The Last 5 Year average price is £448,000 with Total Sold: 1
    • The most recent sale happened at this postcode is FLAT 1, 137 - 139 PRAED STREET: £448,000 (Sold on 09 Dec 2019)
    • The first recorded sale happened at this postcode is FLAT 1, 153 PRAED STREET: £315,000 (Sold on 03 Aug 1999)
  • Terraced
    • The average price is around £328,333 median price is £325,000 Standard Deviation is £89,846 with Total Sold: 3
    • The most recent sale happened at this postcode is FLAT 3, 141 PRAED STREET: £440,000 (Sold on 24 Mar 2000)
    • The first recorded sale happened at this postcode is GROUND FLOOR SHOP, 117 PRAED STREET: £325,000 (Sold on 12 Jun 1997)

Sold Price Trend Over the Years:

Below table and chart gives the average W2 1RL house prices and number of sold houses over the years. This helps understand the price trend over the years in this postcode.

Please note that this data is populated based on the sold houses data given by the Land Registry.

House Type: Other
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£2,950,0001
2023£2,400,0001
2021£2,350,0003
2020£60,0001
2016£3,037,500 £10,811 4
2015£2,700,0001
House Type: Flat
YearAvg. PriceAvg. Price/Sq. mtrSold
2019£448,0001
2017£430,000 £11,944 1
2016£435,000 £12,757 1
2014£377,000 £10,707 1
2012£399,999 £7,143 1
2009£370,000 £6,607 1
2007£985,0001
2006£725,0001
2005£218,000 £5,892 1
2004£238,000 £6,759 1
2003£265,500 £4,835 4
1999£315,000 £7,683 1
House Type: Terraced
YearAvg. PriceAvg. Price/Sq. mtrSold
2000£440,0001
1998£220,000 £5,014 1
1997£325,0001

All the Sales in the PRAED STREET, W2 1RL

See the table below for more details on the sold house prices in the W2 1RL, Westminster postcode.

AddressSold DatePrice% Change
155A PRAED STREETOther, Freehold29 Jan 2024£2,950,000199.49%
23 Apr 2007£985,000First Sale
135 PRAED STREETOther, Freehold09 Jan 2023£2,400,000First Sale
117 PRAED STREETOther, Freehold02 Sep 2021£2,075,000-64.22%
11 Oct 2016£5,800,000First Sale
119 PRAED STREETOther, Freehold02 Sep 2021£2,075,000-64.22%
11 Oct 2016£5,800,000First Sale
157 PRAED STREETOther, Freehold26 Mar 2021£2,900,000First Sale
141 PRAED STREETOther, Leasehold01 Jun 2020£60,000First Sale
FLAT 1, 137 - 139 PRAED STREETFlat, Leasehold09 Dec 2019£448,000330.77%
19 Nov 2003£104,000First Sale
FLAT 5, 137 - 139 PRAED STREETFlat, LeaseholdArea: 36 Sq.mtrAge: 1996-200215 May 2017£430,000First Sale
FLAT 6, 137 - 139 PRAED STREETOther, LeaseholdArea: 37 Sq.mtrAge: before 190016 Dec 2016£400,00083.49%
10 Oct 2005£218,00017.20%
13 Oct 2003£186,000First Sale
FLAT 3, 137 - 139 PRAED STREETFlat, LeaseholdArea: 34.1 Sq.mtrAge: before 190021 Sep 2016£435,000First Sale
161 PRAED STREETOther, Leasehold14 Jun 2016£150,000First Sale
157A PRAED STREETOther, Freehold13 Mar 2015£2,700,000First Sale
FLAT 1, 147 PRAED STREETFlat, LeaseholdArea: 35.21 Sq.mtrAge: before 190006 Jan 2014£377,00058.40%
05 Feb 2004£238,000First Sale
FLAT 2, 147 PRAED STREETFlat, LeaseholdArea: 56 Sq.mtrAge: before 190023 Nov 2012£399,9998.11%
20 Mar 2009£370,00042.31%
22 Aug 2003£260,000First Sale
FLAT, 147 PRAED STREETFlat, Freehold10 Feb 2006£725,00041.60%
24 Nov 2003£512,000First Sale
FLAT 3, 141 PRAED STREETTerraced, Freehold24 Mar 2000£440,000First Sale
FLAT 1, 153 PRAED STREETFlat, FreeholdArea: 41 Sq.mtrAge: before 190003 Aug 1999£315,000First Sale
FLAT 2, 151 PRAED STREETTerraced, FreeholdArea: 43.88 Sq.mtrAge: before 190026 Feb 1998£220,000First Sale
GROUND FLOOR SHOP, 117 PRAED STREETTerraced, Freehold12 Jun 1997£325,000First Sale

Check out the sold house prices near the W2 1RL postcode. Properties currently for saleProperties currently for rent

PRAED STREET, W2 1RL Near By properties

Interactive Map

This Interactive map can help you visualize the nearby sold house in the W2 1RL postcode area

Nearby Sold House Price Statstics

Knowing the nearby sold house in the area helps gauge the property market in the area. Below data gives house price Statstics of the surrounding area of the W2 1RL postcode.

  • Terraced
    • The average price is around £1,348,896 median price is £934,875 Standard Deviation is £1,399,820 with Total Sold: 1,030
    • The Last 5 Year average price is £2,676,938 with Total Sold: 134
    • The most recent sale happened at this postcode is , 15 PRAED MEWS: £905,000 (Sold on 16 Sep 2024)
    • The first recorded sale happened at this postcode is , 92 SUSSEX GARDENS: £600,000 (Sold on 05 Jan 1995)
  • Flat
    • The average price is around £624,663 median price is £427,000 Standard Deviation is £682,255 with Total Sold: 10,095
    • The Last 5 Year average price is £1,146,559 with Total Sold: 1,514
    • The most recent sale happened at this postcode is FLAT 5, 5 TALBOT SQUARE: £975,000 (Sold on 09 Sep 2024)
    • The first recorded sale happened at this postcode is FLAT 25, 25 PORCHESTER PLACE: £115,000 (Sold on 03 Jan 1995)
  • Other
    • The average price is around £4,333,074 median price is £1,000,000 Standard Deviation is £11,418,882 with Total Sold: 244
    • The Last 5 Year average price is £4,331,792 with Total Sold: 137
    • The most recent sale happened at this postcode is , 43 WESTBOURNE TERRACE: £45,000 (Sold on 01 May 2024)
    • The first recorded sale happened at this postcode is , 160 - 162 EDGWARE ROAD: £121,550 (Sold on 09 Jun 2011)
  • Semi-Detached
    • The average price is around £1,106,875 median price is £625,000 Standard Deviation is £1,186,335 with Total Sold: 36
    • The Last 5 Year average price is £3,721,667 with Total Sold: 3
    • The most recent sale happened at this postcode is , 9 CLARENDON PLACE: £5,400,000 (Sold on 01 Feb 2023)
    • The first recorded sale happened at this postcode is , 12 HOGAN MEWS: £200,000 (Sold on 12 Jan 1995)
  • Detached
    • The average price is around £1,020,375 median price is £805,000 Standard Deviation is £676,568 with Total Sold: 12
    • The Last 5 Year average price is £1,360,000 with Total Sold: 2
    • The most recent sale happened at this postcode is FLAT 601, BALMORAL APARTMENTS, 2 PRAED STREET: £1,350,000 (Sold on 11 Feb 2022)
    • The first recorded sale happened at this postcode is , CHESTER HOUSE CLARENDON PLACE: £1,200,000 (Sold on 24 Jul 1995)

Sold Price Trend Over the Years:

House Type: Terraced
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£3,000,556 £11,133 9
2023£2,263,965 £14,247 23
2022£2,535,532 £15,759 39
2021£2,507,217 £15,527 23
2020£3,458,644 £16,157 26
2019£2,368,357 £13,399 14
2018£2,485,177 £17,441 16
2017£3,413,663 £16,730 31
2016£2,516,911 £16,073 28
2015£2,970,548 £16,572 26
2014£2,464,077 £16,829 26
2013£2,275,311 £17,105 31
2012£1,395,412 £10,785 25
2011£1,697,546 £11,727 30
2010£1,528,152 £10,112 26
2009£1,380,500 £9,370 20
2008£1,477,205 £9,957 22
2007£1,344,469 £8,805 42
2006£1,148,621 £6,561 49
2005£919,456 £5,938 39
2004£880,106 £5,419 53
2003£716,316 £5,678 38
2002£747,652 £6,987 53
2001£605,490 £5,555 51
2000£640,681 £3,704 53
1999£547,353 £5,419 55
1998£385,979 £3,143 42
1997£317,025 £2,646 71
1996£301,474 £2,348 33
1995£316,593 £2,083 36
House Type: Flat
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£896,522 £11,504 67
2023£1,227,672 £13,014 185
2022£1,167,025 £14,157 283
2021£1,190,518 £15,365 471
2020£1,143,050 £14,650 283
2019£1,040,973 £12,814 225
2018£1,083,425 £12,841 167
2017£1,141,356 £14,174 194
2016£1,226,496 £14,154 275
2015£1,180,012 £13,574 252
2014£1,105,680 £12,973 402
2013£897,672 £11,709 246
2012£834,415 £10,289 212
2011£780,979 £9,051 229
2010£695,230 £8,685 282
2009£631,219 £7,869 240
2008£639,956 £7,547 219
2007£583,318 £7,553 498
2006£477,115 £6,099 530
2005£410,566 £5,632 416
2004£435,479 £5,726 516
2003£413,167 £5,914 694
2002£359,222 £4,966 519
2001£320,634 £4,094 460
2000£280,068 £3,454 369
1999£248,062 £3,133 411
1998£211,973 £2,662 368
1997£198,953 £2,414 404
1996£153,153 £1,832 380
1995£144,011 £1,771 298
House Type: Other
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£2,070,5005
2023£2,067,037 £11,076 14
2022£3,345,507 £24,437 16
2021£5,555,992 £17,836 23
2020£9,628,555 £7,929 24
2019£2,577,514 £9,492 55
2018£2,070,891 £12,006 19
2017£5,040,989 £38,598 39
2016£1,553,989 £8,995 25
2015£5,604,358 £19,383 12
2014£9,293,953 £84,677 9
2013£19,000,0002
2011£121,5501
House Type: Semi-Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2023£5,400,0001
2021£3,000,000 £13,699 1
2020£2,765,000 £29,992 1
2018£4,000,000 £16,878 1
2007£1,063,750 £7,486 4
2006£2,565,000 £8,526 2
2004£900,000 £7,087 1
2003£517,500 £1,496 1
2001£585,000 £4,237 2
2000£534,167 £4,002 3
1999£729,000 £2,651 10
1998£900,0001
1997£428,167 £2,211 3
1996£176,500 £1,784 2
1995£426,667 £2,997 3
House Type: Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2022£1,350,000 £12,808 1
2019£1,370,000 £11,800 1
2014£2,925,000 £11,164 1
2013£745,000 £14,057 1
2008£860,000 £6,324 1
2003£515,000 £4,886 1
2001£508,167 £3,061 3
1999£1,240,0001
1996£515,0001
1995£1,200,0001

House Type in W2 1RL area

The most common house types in the W2 1RL postcode area are Flat (74), commercial building (11), and Terraced (5).

Total99
Flat74
commercial building11
Terraced5
Shared house5
Semi-detached2
Detached1
temporary structure1
converted building0

Tenure of household

As per the tenure of household, most of the the properties are Private rented: Private landlord or letting agency (55), and Owned: Owns outright (13).

Private rented: Private landlord or letting agency55
Owned: Owns outright13
Social rented: Other social rented11
Owned: Owns with a mortgage or loan8
Private rented: Other private rented8
Social rented: Rents from council or Local Authority5
Shared ownership: Shared ownership2
Does not apply0
Lives rent free0

Number of People in a Household

The most houses in the W2 1RL have 1 person in household (48), and 2 people in household (30).

1 person in household48
2 people in household30
3 people in household15
4 people in household3
5 people in household3
8 or more people in household3
6 people in household1
0 people in household0
7 people in household0