Flat 516 Balmoral Apartments, 2 Praed Street

    FLAT 516 BALMORAL APARTMENTS, 2, PRAED STREET, LONDON, LONDON, W2 1AL

    This flat/maisonette leasehold property on Praed Street last sold in February 2007 for £740,000. Based on price growth in the W2 district since then, its estimated current value is £1,472,974 — placing it in the 98th percentile nationally and the 75th percentile within W2. The property covers 47 m² (506 sq ft), giving an estimated value of £31,340 per m². The EPC rating is C, with a potential rating of B.

    Type

    Flat/Maisonette

    Tenure

    Leasehold

    Floor Area

    506 sq ft

    47 m²

    Last Sale Price

    £1,000,000

    Apr 2026

    Estimated Valuation

    £1,472,974

    Est. £/sq ft

    £2,912/sq ft

    £31,340/m²

    Property Details

    TypeFlat/Maisonette
    TenureLeasehold
    Built formMid-Terrace
    Construction ageEngland and Wales: 2003-2006
    Habitable rooms2
    Main fuelelectricity (not community)
    EPC currentC
    EPC potentialB
    Floor area506 sq ft (47 m²)
    EPC dateSept 2018
    WallsSystem built, as built, insulated (assumed)
    HeatingElectric underfloor heating

    Transaction History

    22 Apr 2026

    £1,000,000

    21 Feb 2007

    £740,000

    18 Jul 2003

    New build

    £522,250

    Key Metrics

    Estimated valuation£1,472,974
    Value per sq ft / m²£2,912/sq ft (£31,340/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    W2 district percentile75th percentile
    National percentile98th percentile

    District Context — W2

    W2 covers central London neighbourhoods including Paddington, Bayswater, and Queensway, positioned in the heart of the capital's West End. It is a highly affluent, densely populated urban area characterized by substantial Victorian and Edwardian properties, international residents, and premium amenities.

    Average Property Price - W2

    £1,447,375

    99

    National percentile

    Average Net Household Income - W2

    £54,525

    94

    National percentile

    10-Year Annualised Price Growth - W2

    1.7%

    6

    National percentile

    10-Year Annualised Rent Growth - W

    2.8%

    2

    National percentile

    View full analysis for W2

    More properties in W2

    Streets in W2

    Explore nearby