According to the public record, 342, Old Ford Road, London is a period leasehold apartment with 1,119 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms.
The apartment is in 342, Old Ford Road, London, E3.
Old Ford Road, London, E3 is located in the borough of Tower Hamlets within the E3 postal district.
342, Old Ford Road, London has a single entry in the Land Registry database from March 2021 and a single entry in the EPC database dated November 2020.
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 342 Old Ford Road London as £826,784 and the rental value as £4,120 per month giving an expected gross yield of 6%.
Over the last 12 months the sale value of 342 Old Ford Road London has increased by £8,991 (1.1%) and its rental value has increased by £201 per month (4.9%).
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 342, Old Ford Road, London is in very good condition we estimate a sale value of £868,123 and rental value of £4,326 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £768,909 and a rental value of £3,831 per month.
If you were able to purchase this property for the estimated value of £826,784, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £4,063 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, 342, Old Ford Road, London was last sold on 12 Mar 2021 for £812,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Mar 2021, the market for similar properties has risen 3.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 342, Old Ford Road, London within a radius of 390 metres over the last 2 years.
The most recent example is 350, Old Ford Road, London, E3 5TA, a Leasehold flat which sold for £760,000 in Dec 2022.
Read more about house prices in E3.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Our network of Estate Agents report 1 let within a 390 metres radius of 342, Old Ford Road, London over the last 2 years.
Most recently 1A, Vivian Road, London, E3 5RE, a Leasehold flat let by Saint Andrews Bureau in Dec 2022.
Old Ford Road, London, E3 has a total of 471 addresses. According to our analysis of all the public data, 342, Old Ford Road, London is the 68th largest and the 31st most expensive property on the street.
When compared to the postcode district it is £387k more expensive than the average property in E3.
342, Old Ford Road, London has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 03 Nov 2020.
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 342, Old Ford Road, London is Mile End station which is 1.0 kilometres 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 342, Old Ford Road, London, 34.5% of property is privately rented and 29.5% 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 342, Old Ford Road, London, 14.4% of residents are recorded as possessing school level qualifications and 62.5% 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 342, Old Ford Road, 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 342, Old Ford Road, London, 0.8% 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 342, Old Ford Road, 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.