According to the public record, 43, Gales Gardens, London is a mid-century leasehold apartment and with 1,044 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms.
Gales Gardens, London, E2 is located in the borough of Tower Hamlets within the E2 postal district.
43, Gales Gardens, London has a single entry in the Land Registry database from December 2022 and a single entry in the EPC database dated October 2022.
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 43 Gales Gardens London as £489,015 and the rental value as £2,692 per month giving an expected gross yield of 6.6%.
Over the last 12 months the sale value of 43 Gales Gardens London has increased by £1,050 (0.2%) and its rental value has increased by £110 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 43, Gales Gardens, London is in very good condition we estimate a sale value of £513,466 and rental value of £2,826 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £454,784 and a rental value of £2,503 per month.
If you were able to purchase this property for the estimated value of £489,015, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,403 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, 43, Gales Gardens, London was last sold on 22 Dec 2022 for £470,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Dec 2022, the market for similar properties has risen 2.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 43, Gales Gardens, London within a radius of 88m over the last 2 years.
The most recent example is 23, Gales Gardens, London, E2 0EJ, a Leasehold flat which sold for £510,000 in Oct 2021.
Read more about house prices in E2.
Gales Gardens, London, E2 has a total of 58 addresses. According to our analysis of all the public data, 43, Gales Gardens, London is the 4th largest and the 4th most expensive property on the street.
When compared to the postcode district it is £23k less expensive than the average property in E2.
43, Gales Gardens, London has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 04 Oct 2022.
The property is not connected to mains gas and has fully double glazed windows. It is heated using a community scheme.
The closest station to 43, Gales Gardens, London is Bethnal Green station which is 100 m 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 43, Gales Gardens, London, 47.4% of property is socially rented and 31.9% 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 43, Gales Gardens, London, 22.9% of residents are recorded as possessing school level qualifications and 31.5% 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 43, Gales Gardens, London, the average age was 31.3 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 43, Gales Gardens, London, 0.6% 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 43, Gales Gardens, 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.