According to the public record, 42, Lookout Lane, London is a modern leasehold apartment with 1,001 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms.
Lookout Lane, London, E14 is located in the borough of Tower Hamlets within the E14 postal district.
42, Lookout Lane, London has a single entry in the Land Registry database from June 2022 and a single entry in the EPC database dated September 2019.
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 good condition, we estimate the current sale value for 42 Lookout Lane London as £681,303 and the rental value as £3,168 per month giving an expected gross yield of 5.6%.
Over the last 12 months the sale value of 42 Lookout Lane London has increased by £22,330 (3.3%) and its rental value has increased by £176 per month (5.6%).
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 42, Lookout Lane, London is in very good condition we estimate a sale value of £715,368 and rental value of £3,326 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £633,612 and a rental value of £2,946 per month.
If you were able to purchase this property for the estimated value of £681,303, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £3,348 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, 42, Lookout Lane, London was last sold on 28 Jun 2022 for £680,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Jun 2022, the market for similar properties has dropped 1.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 42, Lookout Lane, London within a radius of 300 metres over the last 2 years.
The most recent example is Flat 503, Defoe House 123, City Island Way, London, E14 0TU, a Leasehold flat which sold for £730,000 in May 2023.
Read more about house prices in E14.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Our network of Estate Agents report 2 lets of properties similar to 42, Lookout Lane, London within a radius of 300 metres over the last 2 years.
Most recently 46, Lookout Lane, London, E14 0SX, a Leasehold flat let by London Property Management in Jun 2022.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Lookout Lane, London, E14 has a total of 235 addresses. According to our analysis of all the public data, 42, Lookout Lane, London is the 9th largest and the 16th most expensive property on the street.
When compared to the postcode district it is £197k more expensive than the average property in E14.
42, Lookout Lane, London has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 11 Sep 2019.
The property is not connected to mains gas and has high performance glazing. It is heated using a community scheme.
The closest station to 42, Lookout Lane, London is East India 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 42, Lookout Lane, London, 73.0% of property is privately rented and 21.0% 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 42, Lookout Lane, London, 14.4% of residents are recorded as possessing school level qualifications and 73.7% 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 42, Lookout Lane, London, the average age was 37.5 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 42, Lookout Lane, 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 42, Lookout Lane, London, there are an average of 0.3 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.