According to the public record, 17, Melbourne Road, London is a mid-century leasehold apartment with 527 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Melbourne Road, London, E6 is located in the borough of Newham within the E6 postal district.
17, Melbourne Road, London has 31 entries in the Land Registry database, most recently in April 2022 and a single entry in the EPC database dated December 2017.
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 17 Melbourne Road London as £236,018 and the rental value as £1,631 per month giving an expected gross yield of 8.3%.
Over the last 12 months the sale value of 17 Melbourne Road London has increased by £6,084 (2.6%) and its rental value has increased by £70 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 17, Melbourne Road, London is in very good condition we estimate a sale value of £247,819 and rental value of £1,712 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £219,497 and a rental value of £1,517 per month.
If you were able to purchase this property for the estimated value of £236,018, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,160 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, 17, Melbourne Road, London was last sold on 12 Apr 2022 for £250,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Apr 2022, the market for similar properties has risen 1.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 17, Melbourne Road, London within a radius of 340 metres over the last 2 years.
The most recent example is 6, Market Street, London, E6 2RH, a Leasehold flat which sold for £250,000 in Dec 2021.
Read more about house prices in E6.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Melbourne Road, London, E6 has a total of 127 addresses. According to our analysis of all the public data, 17, Melbourne Road, London is the 111th largest and the 90th most expensive property on the street.
When compared to the postcode district it is £155k less expensive than the average property in E6.
17, Melbourne Road, London has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 04 Dec 2017.
The property is connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
The closest station to 17, Melbourne Road, London is East Ham station which is 1.0 kilometres 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 17, Melbourne Road, London, 31.6% of property is socially rented and 29.3% is privately 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 17, Melbourne Road, London, 26.9% of residents are recorded as possessing school level qualifications and 29.8% 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 17, Melbourne Road, London, the average age was 33.7 and the most common age was 42.
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 17, Melbourne Road, London, 1.1% 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 17, Melbourne Road, 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.