According to the public record, 5, Merino Close, London is a modern house with 710 ft2 of internal area and sits on a 111 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Merino Close, London, E11 is located in the borough of Redbridge within the E11 postal district.
5, Merino Close, London has no recent1 records in the Land Registry database and a single entry in the EPC database dated April 2022.
We combine this information with public data 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 Merino Close London as £587,922 and the rental value as £2,227 per month giving an expected gross yield of 4.5%.
Over the last 12 months the sale value of 5 Merino Close London has increased by £10,630 (1.8%) and its rental value has increased by £86 per month (3.9%).
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, Merino Close, London is in very good condition we estimate a sale value of £617,318 and rental value of £2,339 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £546,767 and a rental value of £2,072 per month.
If you were able to purchase this property for the estimated value of £587,922, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,889 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 data from HM Land Registry, 5, Merino Close, London sits on a plot of 111m2.
We have plot size data on 6 out of 27 other houses in the postcode and 5, Merino Close, London sits on the 4th largest plot.
According to HM Land Registry, 5, Merino Close, London was last sold on 31 Mar 1999 for £102,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 5, Merino Close, London within a radius of 630 metres over the last 2 years.
The most recent example is 14, Gloucester Road, London, E11 2ED, a Freehold house which sold for £440,000 in Mar 2021.
Read more about house prices in E11.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Merino Close, London, E11 has a total of 27 addresses. According to our analysis of all the public data, 5, Merino Close, London is the 17th largest and the 17th most expensive property on the street.
When compared to the postcode district it is £28k less expensive than the average property in E11.
5, Merino Close, London has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 27 Apr 2022.
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, Merino Close, London is South Woodford station which is 1.0 kilometres 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, Merino Close, London, 31.4% of property is socially rented and 29.2% is privately owned outright.
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, Merino Close, London, 24.2% of residents are recorded as possessing school level qualifications and 47.8% 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, Merino Close, London, the average age was 40.6 and the most common age was 42.
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, Merino Close, 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 5, Merino Close, London, there are an average of 1.1 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.