According to the public record, 204, Mercury House 2, London is a modern leasehold apartment with 721 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a balcony.
The apartment is in Mercury House, Jude Street, London, E16.
Jude Street, London, E16 is located in the borough of Newham within the E16 postal district.
204, Mercury House 2, London has 3 entries in the Land Registry database, most recently in September 2023 and a single entry in the EPC database dated May 2021.
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 204 Mercury House 2 London as £408,458 and the rental value as £2,230 per month giving an expected gross yield of 6.6%.
Over the last 12 months the sale value of 204 Mercury House 2 London has decreased by £1,290 (0.3%) and its rental value has increased by £77 per month (3.5%).
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 204, Mercury House 2, London is in very good condition we estimate a sale value of £428,881 and rental value of £2,341 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £379,866 and a rental value of £2,074 per month.
If you were able to purchase this property for the estimated value of £408,458, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,007 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, 204, Mercury House 2, London was last sold on 08 Sep 2023 for £420,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Sep 2023, the market for similar properties has dropped 0.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 204, Mercury House 2, London within a radius of 250 metres over the last 2 years.
The most recent example is 301, Jupiter House 2, Turner Street, London, E16 1FH, a Leasehold flat which sold for £435,000 in Nov 2023.
Read more about house prices in E16.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Jude Street, London, E16 has a total of 112 addresses. According to our analysis of all the public data, 204, Mercury House 2, London is the 29th largest and the 21st most expensive property on the street.
When compared to the postcode district it is £20k more expensive than the average property in E16.
204, Mercury House 2, London has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 29 May 2021.
The property is not connected to mains gas and has fully double glazed windows. It is heated using a community scheme.
The closest station to 204, Mercury House 2, London is Royal Victoria 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 204, Mercury House 2, London, 55.6% of property is privately rented and 23.2% 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 204, Mercury House 2, London, 28.7% of residents are recorded as possessing school level qualifications and 37.2% 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 204, Mercury House 2, 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 204, Mercury House 2, London, 1.2% 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 204, Mercury House 2, London, there are an average of 0.7 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.