According to the public record, 247, Hanbury Street, London is a mid-century leasehold apartment with 957 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms.
The apartment is in 247, Hanbury Street, London, E1.
Hanbury Street, London, E1 is located in the borough of Tower Hamlets within the E1 postal district.
247, Hanbury Street, London has 21 entries in the Land Registry database, most recently in December 2021 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 247 Hanbury Street London as £483,192 and the rental value as £2,791 per month giving an expected gross yield of 6.9%.
Over the last 12 months the sale value of 247 Hanbury Street London has decreased by £10,001 (2.1%) and its rental value has increased by £99 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 247, Hanbury Street, London is in very good condition we estimate a sale value of £507,351 and rental value of £2,931 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £449,368 and a rental value of £2,596 per month.
If you were able to purchase this property for the estimated value of £483,192, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,375 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, 247, Hanbury Street, London was last sold on 13 Dec 2021 for £470,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Dec 2021, the market for similar properties has dropped 2.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 247, Hanbury Street, London within a radius of 280 metres over the last 2 years.
The most recent example is 239, Hanbury Street, London, E1 5JY, a Leasehold flat which sold for £500,000 in Jul 2023.
Read more about house prices in E1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Hanbury Street, London, E1 has a total of 415 addresses. According to our analysis of all the public data, 247, Hanbury Street, London is the 67th largest and the 165th most expensive property on the street.
When compared to the postcode district it is £38k less expensive than the average property in E1.
247, Hanbury Street, London has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 21 May 2021.
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 247, Hanbury Street, London is Whitechapel 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 247, Hanbury Street, London, 56.3% of property is socially rented and 23.8% 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 247, Hanbury Street, London, 28.3% of residents are recorded as possessing school level qualifications and 30.3% 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 247, Hanbury Street, London, the average age was 32.1 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 247, Hanbury Street, 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 247, Hanbury Street, 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.