According to the public record, 2, Cable Street, London is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a period apartment with 907 ft2 of internal area and a garden.
Apartments of this size in this area normally have 3 bedrooms.
The apartment is in 2, Cable Street, London, E1.
Cable Street, London, E1 is located in the borough of Tower Hamlets within the E1 postal district.
2, Cable Street, London has 31 entries in the Land Registry database, most recently in March 2014 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 2 Cable Street London as £970,759 and the rental value as £3,834 per month giving an expected gross yield of 4.7%.
Over the last 12 months the sale value of 2 Cable Street London has increased by £5,539 (0.6%) and its rental value has increased by £249 per month (6.5%).
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 2, Cable Street, London is in very good condition we estimate a sale value of £1,019,297 and rental value of £4,026 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £902,806 and a rental value of £3,566 per month.
If you were able to purchase this property for the estimated value of £970,759, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £4,771 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, 2, Cable Street, London was last sold on 21 Mar 2014 for £610,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Mar 2014, the market for similar properties has risen 3.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2, Cable Street, London within a radius of 220 metres over the last 2 years.
The most recent example is Flat 213, 85, Royal Mint Street, London, E1 8RD, a Leasehold flat which sold for £855,000 in Feb 2020.
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 2 lets within a 220 metres radius of 2, Cable Street, London over the last 2 years.
Most recently Flat 123, 85, Royal Mint Street, London, E1 8AS, a Leasehold flat let by Fine Living in May 2020.
Cable Street, London, E1 has a total of 647 addresses. According to our analysis of all the public data, 2, Cable Street, London is the 64th largest and the 5th most expensive property on the street.
When compared to the postcode district it is £449k more expensive than the average property in E1.
The closest station to 2, Cable Street, London is Tower Gateway 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 2, Cable Street, London, 61.3% of property is privately rented and 21.8% 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 2, Cable Street, London, 10.6% of residents are recorded as possessing school level qualifications and 78.2% 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 2, Cable Street, London, the average age was 32.5 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 2, Cable Street, London, 1.8% 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 2, Cable Street, London, there are an average of 0.2 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.