According to the public record, 41, Driffield Road, London is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a period apartment with 733 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in 41, Driffield Road, London, E3.
Driffield Road, London, E3 is located in the borough of Tower Hamlets within the E3 postal district.
41, Driffield Road, London has 41 entries in the Land Registry database, most recently in June 2021 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 41 Driffield Road London as £663,526 and the rental value as £3,226 per month giving an expected gross yield of 5.8%.
Over the last 12 months the sale value of 41 Driffield Road London has decreased by £0 (0.0%) and its rental value has increased by £121 per month (3.8%).
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 41, Driffield Road, London is in very good condition we estimate a sale value of £696,703 and rental value of £3,387 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £617,080 and a rental value of £3,000 per month.
If you were able to purchase this property for the estimated value of £663,526, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £3,261 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, 41, Driffield Road, London was last sold on 07 Jun 2021 for £579,500 and was recorded as a leasehold flat.
The property has had 4 sales since 1995.
Since Jun 2021, the market for similar properties has risen 2.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 41, Driffield Road, London within a radius of 270 metres over the last 2 years.
The most recent example is 39B, Driffield Road, London, E3 5NE, a Leasehold flat which sold for £715,000 in Nov 2023.
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 270 metres radius of 41, Driffield 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.
Driffield Road, London, E3 has a total of 99 addresses. According to our analysis of all the public data, 41, Driffield Road, London is the 49th largest and the 51st most expensive property on the street.
When compared to the postcode district it is £224k more expensive than the average property in E3.
The closest station to 41, Driffield Road, London is Mile End station which is 900 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 41, Driffield Road, London, 45.0% of property is privately rented and 23.0% 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 41, Driffield Road, London, 16.2% of residents are recorded as possessing school level qualifications and 59.0% 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 41, Driffield 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 41, Driffield Road, London, 0.7% 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 41, Driffield 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.