According to the public record, 2, Reed Close, London is a mid-century house with 925 ft2 of internal area and sits on a 109 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Reed Close, London, E16 is located in the borough of Newham within the E16 postal district.
2, Reed Close, London has no recent1 records in the Land Registry database and a single entry in the EPC database dated June 2020.
We combine this information with public data 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 Reed Close London as £443,704 and the rental value as £2,295 per month giving an expected gross yield of 6.2%.
Over the last 12 months the sale value of 2 Reed Close London has increased by £10,606 (2.4%) and its rental value has increased by £133 per month (5.8%).
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, Reed Close, London is in very good condition we estimate a sale value of £465,889 and rental value of £2,410 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £412,644 and a rental value of £2,134 per month.
If you were able to purchase this property for the estimated value of £443,704, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,181 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, Reed Close, London sits on a plot of 109m2.
We have plot size data on 4 out of 10 other houses in the postcode and 2, Reed Close, London sits on the 4th largest plot.
According to HM Land Registry, 2, Reed Close, London was last sold on 27 Jan 2003 for £183,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2, Reed Close, London within a radius of 310 metres over the last 2 years.
The most recent example is 5, South Molton Road, London, E16 1PE, a Freehold house which sold for £445,000 in Nov 2023.
Read more about house prices in E16.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Reed Close, London, E16 has a total of 10 addresses. According to our analysis of all the public data, 2, Reed Close, London is the 2nd largest and the 2nd most expensive property on the street.
When compared to the postcode district it is £55k more expensive than the average property in E16.
2, Reed Close, London has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 26 Jun 2020.
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, Reed Close, London is Royal Victoria 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, Reed Close, London, 35.4% of property is privately owned with a mortgage and 28.0% 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 2, Reed Close, London, 19.6% of residents are recorded as possessing school level qualifications and 50.6% 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 2, Reed Close, London, the average age was 34.3 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, Reed Close, 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, Reed Close, London, there are an average of 0.6 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.