According to the public record, 23, Steels Lane, London is a modern freehold house with 1,377 ft2 of internal area and sits on a 63 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
Steels Lane, London, E1 is located in the borough of Tower Hamlets within the E1 postal district.
23, Steels Lane, London has 31 entries in the Land Registry database, most recently in September 2014 and a single entry in the EPC database dated February 2024.
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 Steels Lane London as £915,847 and the rental value as £4,731 per month giving an expected gross yield of 6.2%.
Over the last 12 months the sale value of 23 Steels Lane London has decreased by £8,957 (1.0%) and its rental value has increased by £188 per month (4.0%).
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 23, Steels Lane, London is in very good condition we estimate a sale value of £961,639 and rental value of £4,967 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £851,738 and a rental value of £4,400 per month.
If you were able to purchase this property for the estimated value of £915,847, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £4,501 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, 23, Steels Lane, London sits on a plot of 63m2.
We have plot size data on 9 out of 10 other houses in the postcode and 23, Steels Lane, London sits on the 4th largest plot.
According to HM Land Registry, 23, Steels Lane, London was last sold on 26 Sep 2014 for £860,000 and was recorded as a freehold house.
The property has had 3 sales since 1995.
Since Sep 2014, the market for similar properties has risen 6.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 23, Steels Lane, London within a radius of 280 metres over the last 2 years.
The most recent example is 10, Arbour Square, London, E1 0SH, a Freehold house which sold for £940,000 in Sep 2022.
Read more about house prices in E1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Steels Lane, London, E1 has a total of 11 addresses. According to our analysis of all the public data, 23, Steels Lane, London is the 2nd largest and the 2nd most expensive property on the street.
When compared to the postcode district it is £394k more expensive than the average property in E1.
23, Steels Lane, London has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 08 Feb 2024.
The property is connected to mains gas and has fully double glazed windows. It is heated using a boiler with both radiators and underfloor heating.
The closest station to 23, Steels Lane, London is Limehouse station which is 600 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, Steels Lane, London, 59.8% of property is socially rented and 22.8% 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, Steels Lane, London, 25.8% of residents are recorded as possessing school level qualifications and 38.4% 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, Steels Lane, London, the average age was 33.1 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 23, Steels Lane, 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, Steels Lane, 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.