According to the public record, 188, Butchers Road, London is a mid-century leasehold apartment with 613 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Butchers Road, London, E16 is located in the borough of Newham within the E16 postal district.
188, Butchers Road, London has a single entry in the Land Registry database from August 2013 and a single entry in the EPC database dated June 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 188 Butchers Road London as £259,924 and the rental value as £1,557 per month giving an expected gross yield of 7.2%.
Over the last 12 months the sale value of 188 Butchers Road London has increased by £5,742 (2.2%) and its rental value has increased by £94 per month (6.0%).
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 188, Butchers Road, London is in very good condition we estimate a sale value of £272,920 and rental value of £1,635 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £241,729 and a rental value of £1,448 per month.
If you were able to purchase this property for the estimated value of £259,924, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,277 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, 188, Butchers Road, London was last sold on 28 Aug 2013 for £149,998 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Aug 2013, the market for similar properties has risen 48.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 188, Butchers Road, London within a radius of 330 metres over the last 2 years.
The most recent example is 51, Thorne Close, London, E16 1LP, a Leasehold flat which sold for £300,000 in Jan 2021.
Read more about house prices in E16.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Butchers Road, London, E16 has a total of 262 addresses. According to our analysis of all the public data, 188, Butchers Road, London is the 222nd largest and the 161st most expensive property on the street.
When compared to the postcode district it is £128k less expensive than the average property in E16.
188, Butchers Road, London has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 03 Jun 2023.
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 188, Butchers Road, London is Royal Victoria station which is 400 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 188, Butchers Road, London, 66.2% of property is socially rented and 19.9% 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 188, Butchers Road, London, 35.0% of residents are recorded as possessing school level qualifications and 34.6% 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 188, Butchers Road, London, the average age was 33.3 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 188, Butchers Road, London, 0.2% 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 188, Butchers Road, London, there are an average of 0.8 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.