According to the public record, 2 Medway Buildings, London is a modern freehold house with 807 ft2 of internal area and sits on a 48.3 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Medway Road, London, E3 is located in the borough of Tower Hamlets within the E3 postal district.
2 Medway Buildings, London has 3 entries in the Land Registry database, most recently in December 2016 and a single entry in the EPC database dated March 2014.
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 2 Medway Buildings London as £716,234 and the rental value as £4,086 per month giving an expected gross yield of 6.8%.
Over the last 12 months the sale value of 2 Medway Buildings London has increased by £6,426 (0.9%) and its rental value has increased by £204 per month (5.0%).
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 2 Medway Buildings, London is in very good condition we estimate a sale value of £752,046 and rental value of £4,290 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £666,098 and a rental value of £3,800 per month.
If you were able to purchase this property for the estimated value of £716,234, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £3,520 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 data from HM Land Registry, 2 Medway Buildings, London sits on a plot of 48m2.
We have plot size data on 4 out of 4 other houses in the postcode and 2 Medway Buildings, London sits on the largest plot.
According to HM Land Registry, 2 Medway Buildings, London was last sold on 02 Dec 2016 for £800,000 and was recorded as a freehold house.
The property has had 3 sales since 1995.
Since Dec 2016, the market for similar properties has risen 2.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2 Medway Buildings, London within a radius of 270 metres over the last 2 years.
The most recent example is 1C, Hewlett Road, London, E3 5NA, a Freehold house which sold for £544,000 in May 2023.
Read more about house prices in E3.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Our network of Estate Agents report 1 let within a 270 metres radius of 2 Medway Buildings, London over the last 2 years.
Most recently 1A, Vivian Road, London, E3 5RE, a Leasehold flat let by Saint Andrews Bureau in Dec 2022.
Medway Road, London, E3 has a total of 107 addresses. According to our analysis of all the public data, 2 Medway Buildings, London is the 59th largest and the 53rd most expensive property on the street.
When compared to the postcode district it is £276k more expensive than the average property in E3.
2 Medway Buildings, London has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 10 Mar 2014.
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 2 Medway Buildings, London is Mile End station which is 700 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 Medway Buildings, London, 28.6% of property is privately rented and 26.0% 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 2 Medway Buildings, London, 17.0% of residents are recorded as possessing school level qualifications and 61.0% 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 Medway Buildings, London, the average age was 34.8 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 2 Medway Buildings, London, 1.4% 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 2 Medway Buildings, London, there are an average of 0.5 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.