According to the public record, 15, Verbena Close, London is a modern leasehold apartment with 635 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Verbena Close, London, E16 is located in the borough of Newham within the E16 postal district.
15, Verbena Close, London has 31 entries in the Land Registry database, most recently in September 2014 and a single entry in the EPC database dated August 2023.
We combine this information with that 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 15 Verbena Close London as £350,144 and the rental value as £2,089 per month giving an expected gross yield of 7.2%.
Over the last 12 months the sale value of 15 Verbena Close London has increased by £10,853 (3.1%) and its rental value has increased by £113 per month (5.4%).
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 15, Verbena Close, London is in very good condition we estimate a sale value of £367,651 and rental value of £2,193 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £325,634 and a rental value of £1,942 per month.
If you were able to purchase this property for the estimated value of £350,144, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,721 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, 15, Verbena Close, London was last sold on 22 Sep 2014 for £225,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Sep 2014, the market for similar properties has risen 26.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 15, Verbena Close, London within a radius of 420 metres over the last 2 years.
The most recent example is Flat 2, Cristie Court 39, Tyas Road, London, E16 4JL, a Leasehold flat which sold for £298,000 in Nov 2023.
Read more about house prices in E16.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Verbena Close, London, E16 has a total of 28 addresses. According to our analysis of all the public data, 15, Verbena Close, London is the 10th largest and the 12th most expensive property on the street.
When compared to the postcode district it is £38k less expensive than the average property in E16.
15, Verbena Close, London has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 29 Aug 2023.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Electric ceiling heating.
The closest station to 15, Verbena Close, London is Star Lane station which is 500 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 15, Verbena Close, London, 31.7% of property is privately rented and 28.1% is socially rented.
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 15, Verbena Close, London, 25.2% of residents are recorded as possessing school level qualifications and 44.3% 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 15, Verbena Close, London, the average age was 34.7 and the most common age was 32.
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 15, Verbena Close, London, 0.0% 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 15, Verbena Close, London, there are an average of 0.7 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.