According to the public record, 5, Monk Drive, London is a mid-century leasehold apartment with 592 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Monk Drive, London, E16 is located in the borough of Newham within the E16 postal district.
5, Monk Drive, London has 21 entries in the Land Registry database, most recently in August 2014 and a single entry in the EPC database dated February 2014.
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 Monk Drive London as £291,342 and the rental value as £1,753 per month giving an expected gross yield of 7.2%.
Over the last 12 months the sale value of 5 Monk Drive London has increased by £6,436 (2.2%) and its rental value has increased by £106 per month (6.0%).
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, Monk Drive, London is in very good condition we estimate a sale value of £305,909 and rental value of £1,841 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £270,948 and a rental value of £1,631 per month.
If you were able to purchase this property for the estimated value of £291,342, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,432 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, Monk Drive, London was last sold on 08 Aug 2014 for £250,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Aug 2014, the market for similar properties has risen 17.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 5, Monk Drive, London within a radius of 330 metres over the last 2 years.
The most recent example is Flat 28, The Oxygen 17, Seagull Lane, London, E16 1BH, a Leasehold flat which sold for £305,000 in Mar 2024.
Read more about house prices in E16.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Our network of Estate Agents report 1 let within a 330 metres radius of 5, Monk Drive, London over the last 2 years.
Most recently 706, Gateway Tower 28, Western Gateway, London, E16 1YL, a Leasehold flat let by Saint Andrews Bureau in Mar 2024.
Monk Drive, London, E16 has a total of 36 addresses. According to our analysis of all the public data, 5, Monk Drive, London is the 36th largest and the 36th most expensive property on the street.
When compared to the postcode district it is £97k less expensive than the average property in E16.
5, Monk Drive, London has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 26 Feb 2014.
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, Monk Drive, London is Royal Victoria station which is 200 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, Monk Drive, London, 41.0% of property is socially rented and 25.6% 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, Monk Drive, London, 25.2% of residents are recorded as possessing school level qualifications and 25.8% 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, Monk Drive, London, the average age was 33.3 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 5, Monk Drive, London, 0.7% 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, Monk Drive, London, there are an average of 0.8 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.