According to the public record, 123, Newark Street, London is a modern apartment with 645 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Newark Street, London, E1 is located in the borough of Tower Hamlets within the E1 postal district.
123, Newark Street, London has no recent1 records in the Land Registry database and a single entry in the EPC database dated May 2018.
We combine this information with public data of neighbouring properties to estimate the property attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 123 Newark Street London as £414,897 and the rental value as £2,483 per month giving an expected gross yield of 7.2%.
Over the last 12 months the sale value of 123 Newark Street London has decreased by £5,919 (1.4%) and its rental value has increased by £106 per month (4.3%).
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If 123, Newark Street, London is in very good condition we estimate a sale value of £435,642 and rental value of £2,607 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £385,855 and a rental value of £2,309 per month.
If you were able to purchase this property for the estimated value of £414,897, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,039 per month.
This figure is only an estimate but we've partnered with Mortgage Advice Bureau who can provide a figure tailored for you! Get started using their mortgage finder below.
According to HM Land Registry, 123, Newark Street, London was last sold on 16 Jan 2002 for £159,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 123, Newark Street, London within a radius of 260 metres over the last 2 years.
The most recent example is Flat 25, Stepney City Apartments 49, Clark Street, London, E1 3HS, a Leasehold flat which sold for £390,000 in Nov 2023.
Read more about house prices in E1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Our network of Estate Agents report 1 let within a 260 metres radius of 123, Newark Street, London over the last 2 years.
Most recently Flat 24, Stepney City Apartments 49, Clark Street, London, E1 3HS, a Leasehold flat let by Fine Living in Feb 2022.
Newark Street, London, E1 has a total of 75 addresses. According to our analysis of all the public data, 123, Newark Street, London is the 37th largest and the 37th most expensive property on the street.
When compared to the postcode district it is £107k less expensive than the average property in E1.
123, Newark Street, London has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 02 May 2018.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Room heaters, electric.
The closest station to 123, Newark Street, London is Stepney Green station which is 600 metres away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around 123, Newark Street, London, 56.1% of property is privately rented and 17.8% is privately owned with a mortgage.
The graph below shows how this compares to Greater London and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around 123, Newark Street, London, 25.9% of residents are recorded as possessing school level qualifications and 42.7% as possessing degree level qualifications.
The graph below shows how this compares to Greater London and the rest of England & Wales
The most recent census in 2021 recorded the age of all UK residents.
In the area around 123, Newark Street, London, the average age was 31.9 and the most common age was 27.
The graph below shows how this compares to Greater London and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around 123, Newark Street, London, 0.4% of property was a second home.
Comparison figures for Greater London and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around 123, Newark Street, London, there are an average of 0.3 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.