According to the public record, 23, Magpie Close, London is a modern leasehold apartment with 538 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Magpie Close, London, E7 is located in the borough of Newham within the E7 postal district.
23, Magpie Close, London has 4 entries in the Land Registry database, most recently in July 2022 and a single entry in the EPC database dated May 2016.
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 23 Magpie Close London as £272,595 and the rental value as £1,705 per month giving an expected gross yield of 7.5%.
Over the last 12 months the sale value of 23 Magpie Close London has increased by £8,236 (3.0%) and its rental value has increased by £70 per month (4.1%).
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 23, Magpie Close, London is in very good condition we estimate a sale value of £286,225 and rental value of £1,791 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £253,514 and a rental value of £1,586 per month.
If you were able to purchase this property for the estimated value of £272,595, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,340 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, 23, Magpie Close, London was last sold on 04 Jul 2022 for £305,000 and was recorded as a leasehold flat.
The property has had 4 sales since 1995.
Since Jul 2022, the market for similar properties has dropped 1.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 23, Magpie Close, London within a radius of 380 metres over the last 2 years.
The most recent example is 21, Magpie Close, London, E7 9DE, a Leasehold flat which sold for £260,000 in Feb 2024.
Read more about house prices in E7.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Magpie Close, London, E7 has a total of 110 addresses. According to our analysis of all the public data, 23, Magpie Close, London is the 57th largest and the 46th most expensive property on the street.
When compared to the postcode district it is £221k less expensive than the average property in E7.
23, Magpie Close, London has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 19 May 2016.
The property is not connected to mains gas and has fully double glazed windows. It is heated using electric storage heaters.
The closest station to 23, Magpie Close, London is Forest Gate 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 23, Magpie Close, London, 47.1% of property is socially rented and 26.1% 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 23, Magpie Close, London, 15.5% of residents are recorded as possessing school level qualifications and 49.8% 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 23, Magpie Close, 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 23, Magpie Close, 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 23, Magpie Close, London, there are an average of 0.3 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.