According to the public record, 241, Hermit Road, London is a modern apartment with 710 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Hermit Road, London, E16 is located in the borough of Newham within the E16 postal district.
241, Hermit Road, London has no records in the Land Registry database and a single entry in the EPC database dated April 2024.
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 241 Hermit Road London as £429,750 and the rental value as £2,339 per month giving an expected gross yield of 6.5%.
Over the last 12 months the sale value of 241 Hermit Road London has increased by £16,985 (4.0%) and its rental value has increased by £135 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 241, Hermit Road, London is in very good condition we estimate a sale value of £451,238 and rental value of £2,455 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £399,668 and a rental value of £2,175 per month.
If you were able to purchase this property for the estimated value of £429,750, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,112 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 the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 241, Hermit Road, London within a radius of 450 metres over the last 2 years.
The most recent example is 61, Exning Road, London, E16 4NE, a Leasehold flat which sold for £310,000 in Nov 2016.
Read more about house prices in E16.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Hermit Road, London, E16 has a total of 217 addresses. According to our analysis of all the public data, 241, Hermit Road, London is the 100th largest and the 36th most expensive property on the street.
When compared to the postcode district it is £42k more expensive than the average property in E16.
241, Hermit Road, London has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 02 Apr 2024.
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 241, Hermit Road, London is West Ham 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 241, Hermit Road, London, 49.4% of property is privately rented and 31.2% is socially 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 241, Hermit Road, London, 22.4% of residents are recorded as possessing school level qualifications and 36.3% 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 241, Hermit Road, London, the average age was 34.7 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 241, Hermit Road, London, 0.2% 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 241, Hermit Road, 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.