According to the public record, 4, David Hewitt House 38, London is a modern leasehold apartment with 656 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in David Hewitt House, Watts Grove, London, E3.
Watts Grove, London, E3 is located in the borough of Tower Hamlets within the E3 postal district.
4, David Hewitt House 38, London has a single entry in the Land Registry database from December 2018 and a single entry in the EPC database dated August 2018.
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 4 David Hewitt House 38 London as £328,352 and the rental value as £2,001 per month giving an expected gross yield of 7.3%.
Over the last 12 months the sale value of 4 David Hewitt House 38 London has increased by £518 (0.2%) and its rental value has increased by £82 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 4, David Hewitt House 38, London is in very good condition we estimate a sale value of £344,769 and rental value of £2,102 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £305,367 and a rental value of £1,861 per month.
If you were able to purchase this property for the estimated value of £328,352, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,614 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, 4, David Hewitt House 38, London was last sold on 13 Dec 2018 for £395,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Dec 2018, the market for similar properties has dropped 3.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 4, David Hewitt House 38, London within a radius of 230 metres over the last 2 years.
The most recent example is Flat 102, Maestro Apartments 55, Violet Road, London, E3 3FW, a Leasehold flat which sold for £287,500 in Nov 2023.
Read more about house prices in E3.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Watts Grove, London, E3 has a total of 175 addresses. According to our analysis of all the public data, 4, David Hewitt House 38, London is the 71st largest and the 54th most expensive property on the street.
When compared to the postcode district it is £112k less expensive than the average property in E3.
4, David Hewitt House 38, London has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 24 Aug 2018.
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 4, David Hewitt House 38, London is Devons Road 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 4, David Hewitt House 38, London, 49.6% of property is privately rented and 28.7% 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 4, David Hewitt House 38, London, 14.3% of residents are recorded as possessing school level qualifications and 73.1% 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 4, David Hewitt House 38, London, the average age was 31 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 4, David Hewitt House 38, London, 3.9% 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 4, David Hewitt House 38, London, there are an average of 0.6 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.