According to the public record, 486, Cable Street, London is a mid-century leasehold apartment with 527 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Cable Street, London, E1 is located in the borough of Tower Hamlets within the E1 postal district.
486, Cable Street, London has 31 entries in the Land Registry database, most recently in August 2016 and a single entry in the EPC database dated May 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 486 Cable Street London as £313,972 and the rental value as £1,943 per month giving an expected gross yield of 7.4%.
Over the last 12 months the sale value of 486 Cable Street London has decreased by £2,211 (0.7%) and its rental value has increased by £83 per month (4.3%).
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 486, Cable Street, London is in very good condition we estimate a sale value of £329,670 and rental value of £2,041 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £291,994 and a rental value of £1,807 per month.
If you were able to purchase this property for the estimated value of £313,972, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,543 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, 486, Cable Street, London was last sold on 24 Aug 2016 for £348,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Aug 2016, the market for similar properties has dropped 10.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 486, Cable Street, London within a radius of 280 metres over the last 2 years.
The most recent example is Flat 404, Roslin House, Brodlove Lane, London, E1W 3EL, a Leasehold flat which sold for £245,000 in Jun 2020.
Read more about house prices in E1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Cable Street, London, E1 has a total of 647 addresses. According to our analysis of all the public data, 486, Cable Street, London is the 459th largest and the 439th most expensive property on the street.
When compared to the postcode district it is £208k less expensive than the average property in E1.
486, Cable Street, London has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 23 May 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 486, Cable Street, London is Limehouse station which is 600 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 486, Cable Street, London, 52.5% of property is socially rented and 29.5% 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 486, Cable Street, London, 36.3% of residents are recorded as possessing school level qualifications and 31.7% 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 486, Cable Street, London, the average age was 33.1 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 486, Cable Street, 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 486, Cable Street, 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.