According to the public record, 5, Mercator Place, London is a modern leasehold house with 1,280 ft2 of internal area.
Houses of this size in this area normally have 4 bedrooms with a garden.
Mercator Place, London, E14 is located in the borough of Tower Hamlets within the E14 postal district.
5, Mercator Place, London has 31 entries in the Land Registry database, most recently in May 2012 and a single entry in the EPC database dated August 2020.
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 5 Mercator Place London as £728,741 and the rental value as £3,658 per month giving an expected gross yield of 6%.
Over the last 12 months the sale value of 5 Mercator Place London has increased by £3,518 (0.5%) and its rental value has increased by £145 per month (4.0%).
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 5, Mercator Place, London is in very good condition we estimate a sale value of £765,178 and rental value of £3,841 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £677,729 and a rental value of £3,402 per month.
If you were able to purchase this property for the estimated value of £728,741, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £3,582 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, 5, Mercator Place, London was last sold on 11 May 2012 for £401,000 and was recorded as a leasehold house.
The property has had 3 sales since 1995.
Since May 2012, the market for similar properties has risen 57.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 5, Mercator Place, London within a radius of 330 metres over the last 2 years.
The most recent example is 5, Da Gama Place, London, E14 3QQ, a Freehold house which sold for £825,000 in Jul 2023.
Read more about house prices in E14.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Mercator Place, London, E14 has a total of 7 addresses. According to our analysis of all the public data, 5, Mercator Place, London is the 2nd largest and the 2nd most expensive property on the street.
When compared to the postcode district it is £244k more expensive than the average property in E14.
5, Mercator Place, London has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 19 Aug 2020.
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 5, Mercator Place, London is Mudchute 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 5, Mercator Place, London, 48.3% of property is privately rented and 29.2% 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 5, Mercator Place, London, 15.5% of residents are recorded as possessing school level qualifications and 76.9% 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 5, Mercator Place, London, the average age was 32.8 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 5, Mercator Place, London, 2.8% 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 5, Mercator Place, 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.