According to the public record, 2, Union Drive, London is a mid-century freehold house with 1,097 ft2 of internal area and sits on a 78 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Union Drive, London, E1 is located in the borough of Tower Hamlets within the E1 postal district.
2, Union Drive, London has 2 entries in the Land Registry database, most recently in June 2015 and a single entry in the EPC database dated February 2015.
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 Union Drive London as £712,322 and the rental value as £3,780 per month giving an expected gross yield of 6.4%.
Over the last 12 months the sale value of 2 Union Drive London has increased by £7 (0.0%) and its rental value has increased by £161 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 2, Union Drive, London is in very good condition we estimate a sale value of £747,939 and rental value of £3,969 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £662,460 and a rental value of £3,515 per month.
If you were able to purchase this property for the estimated value of £712,322, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £3,501 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, Union Drive, London sits on a plot of 78m2.
We have plot size data on 6 out of 11 other houses in the postcode and 2, Union Drive, London sits on the 4th largest plot.
According to HM Land Registry, 2, Union Drive, London was last sold on 22 Jun 2015 for £620,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Jun 2015, the market for similar properties has risen 9.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2, Union Drive, London within a radius of 320 metres over the last 2 years.
The most recent example is 10, Mossford Street, London, E3 4TH, a Freehold house which sold for £650,000 in May 2023.
Read more about house prices in E1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Union Drive, London, E1 has a total of 11 addresses. According to our analysis of all the public data, 2, Union Drive, London is the 5th largest and the 5th most expensive property on the street.
When compared to the postcode district it is £191k more expensive than the average property in E1.
2, Union Drive, London has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 04 Feb 2015.
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, Union Drive, London is Mile End 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 2, Union Drive, London, 55.9% of property is socially rented and 22.1% is shared ownership.
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, Union Drive, London, 33.9% of residents are recorded as possessing school level qualifications and 54.0% 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, Union Drive, London, the average age was 29.4 and the most common age was 17.
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, Union Drive, London, 0.0% 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, Union Drive, London, there are an average of 0.4 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.