Praed Street - W2 1RL
Key Postcode Insights
W2 1RL is a residential postcode situated on Praed Street, London, W2 with 65 addresses.
It ranks as the 842nd largest and 83rd most expensive of the 956 postcodes in the W2 area. The most common property type is a period flat built between 1800 and 1911.
The postcode contains a total of 65 properties: 65 flats.
- Ave. Sale Price
- £334,015
- 10 Year change
- down 16.3%
- Ave. Rental Price
- £1,708pcm
- 10 Year change
- up 35.5%
- Ave. £ per ft²
- £897/ft²
- Ave. Gross Yield
- 6.1%/year/yr
Key Postcode Insights
W2 1RL is a residential postcode situated on Praed Street, London, W2 with 65 addresses.
It ranks as the 842nd largest and 83rd most expensive of the 956 postcodes in the W2 area. The most common property type is a period flat built between 1800 and 1911.
The postcode contains a total of 65 properties: 65 flats.
- Ave. Sale Price
- £334,015
- 10 Year change
- down 16.3%
- Ave. Rental Price
- £1,708pcm
- 10 Year change
- up 35.5%
- Ave. £ per ft²
- £897/ft²
- Ave. Gross Yield
- 6.1%/year/yr
Explore Propertiesin W2 1RL
- 111 Praed Street
Unknown
- 117 Praed Street
Building  |  3 Flats
- 119 Praed Street
Building  |  3 Flats
- 121 Praed Street
Building  |  2 Flats
- 125 Praed Street
Building  |  3 Flats
Sales Market Trends
The last sale in W2 1RL sold for £320,000 on 31st January 2025. Since then prices are down an average of 4.6%.
The current average value in the postcode is £334,015.
The W2 1RL Sales Market has decreased by 16.3% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | -4.4% | £334,015 |
| June 2025 | -2.3% | £349,570 |
| June 2024 | -0.8% | £357,906 |
| June 2023 | -2.4% | £360,793 |
| June 2022 | 0.3% | £369,654 |
| June 2021 | -0.1% | £368,547 |
| June 2020 | 0.3% | £368,939 |
| June 2019 | 0.3% | £367,743 |
| June 2018 | -6.4% | £366,478 |
| June 2017 | -1.8% | £391,641 |
| June 2016 | -1.1% | £398,954 |
| June 2015 | 4.4% | £403,403 |
| June 2014 | 20.2% | £386,231 |
| June 2013 | 6.3% | £321,271 |
| June 2012 | 8.3% | £302,136 |
| June 2011 | 6% | £279,055 |
| June 2010 | 13.1% | £263,286 |
| June 2009 | -6.9% | £232,874 |
| June 2008 | 3.1% | £250,245 |
| June 2007 | 0% | £242,733 |
Rental Market Trends
The current average rental value in the postcode is £1,708.
The W2 1RL Rental Market has increased by 35.5% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | 4.4% | £1,708pcm |
| June 2025 | 4.2% | £1,636pcm |
| June 2024 | -0.4% | £1,571pcm |
| June 2023 | 12.1% | £1,577pcm |
| June 2022 | 22.7% | £1,407pcm |
| June 2021 | -7.8% | £1,147pcm |
| June 2020 | -1.4% | £1,244pcm |
| June 2019 | 3% | £1,261pcm |
| June 2018 | -0.2% | £1,224pcm |
| June 2017 | -2.7% | £1,226pcm |
| June 2016 | 1.8% | £1,260pcm |
| June 2015 | 2.1% | £1,238pcm |
| June 2014 | 2.9% | £1,213pcm |
| June 2013 | -3.8% | £1,179pcm |
| June 2012 | 0% | £1,226pcm |
| June 2011 | 8.3% | £1,225pcm |
| June 2010 | 8.8% | £1,131pcm |
| June 2009 | -10.2% | £1,039pcm |
| June 2008 | 4.2% | £1,158pcm |
| June 2007 | 0% | £1,111pcm |
Sales History
The last sale was on 31st January 2025 for £320,000 and since then the market in the area has decreased by 4.6%. The postcode has had a total of 10 sales since 1995.
W2 1RL has seen 1 sale in the last three years and no sales in the last twelve months.
- Sold Jan 2025£320,000 | 1 Bed FlatFlat 1, 151, Praed Street, London, W2 1RLFlat 1, 151, Praed Street, London, W2 1RL
- Sold Jun 2020£60,000 | 1 Bed Flat141, Praed Street, London, W2 1RL141, Praed Street, London, W2 1RL
- Sold Jan 2014£377,000 | 1 Bed FlatFlat 1, 147, Praed Street, London, W2 1RLFlat 1, 147, Praed Street, London, W2 1RL
- Sold Nov 2012£399,999 | 2 Bed FlatFlat 2, 147, Praed Street, London, W2 1RLFlat 2, 147, Praed Street, London, W2 1RL
- Sold Mar 2009£370,000 | 2 Bed FlatFlat 2, 147, Praed Street, London, W2 1RLFlat 2, 147, Praed Street, London, W2 1RL
Nearby Postcodes
W2 1RL is the 842nd largest and the 83rd most expensive postcode out of the 956 postcodes in the W2 area.
- W2 1HY, London Mews, London, W2W2 1HY14 Addresses|24 m away
- W2 1HH, London Street, London, W2W2 1HH33 Addresses|64 m away
- W2 1DL, Paddington Square, London, W2W2 1DL9 Addresses|74 m away
- W2 1QY, Praed Mews, London, W2W2 1QY5 Addresses|88 m away
- W2 1RZ, Norfolk Square Mews, London, W2W2 1RZ4 Addresses|102 m away
Property Types
- 62 period flats built between 1800 and 1911
- 3 other addresses of unknown type
- period flat (62)
- Unknown (3)
Energy Efficiency
- Energy Performance Certificate (EPC) surveys conducted for 33 properties.
- The most common rating is C.
- A (0)
- E (4)
- B (0)
- F (0)
- C (17)
- G (0)
- D (12)
- No EPC (32)
Top 3 Most Expensive Sales
- Sold Jun 2025£7,900,000 | 3 Bed HouseNorth Star House 163-173, Praed Street, London, W2 1RHNorth Star House 163-173, Praed Street, London, W2 1RH
- Sold May 2020£5,830,000 | 3 Bed House167, Praed Street, London, W2 1RH167, Praed Street, London, W2 1RH
- Sold Dec 2014£5,505,000 | 3 Bed House167, Praed Street, London, W2 1RH167, Praed Street, London, W2 1RH
Schools Nearby
- St James & St John Church of England Primary School500 m away
- Hampden Gurney CofE Primary School700 m away
- Christ Church Bentinck CofE Primary School800 m away
- Marylebone Boys' School300 m away
- Westminster Academy1.4 km away
- Paddington Academy1.6 km away
More reading links
Public Transport Nearby
The closest station to W2 1RL is Paddington station, which is 100 metres away.
- Paddington|100 m away
- London Paddington|200 m away
- Edgware Road|500 m away
- Lancaster Gate|500 m away
