According to the public record, 56, Hereford Street, London is a mid-century freehold house and with 1,130 ft2 of internal area and sits on a 150 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Hereford Street, London, E2 is located in the borough of Tower Hamlets within the E2 postal district.
56, Hereford Street, London has a single entry in the Land Registry database from August 2019 and a single entry in the EPC database dated May 2019.
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 56 Hereford Street London as £804,302 and the rental value as £4,213 per month giving an expected gross yield of 6.3%.
Over the last 12 months the sale value of 56 Hereford Street London has increased by £4,647 (0.6%) and its rental value has increased by £203 per month (4.8%).
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 56, Hereford Street, London is in very good condition we estimate a sale value of £844,517 and rental value of £4,423 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £748,001 and a rental value of £3,918 per month.
If you were able to purchase this property for the estimated value of £804,302, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £3,953 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, 56, Hereford Street, London sits on a plot of 150m2.
We have plot size data on 5 out of 9 other houses in the postcode and 56, Hereford Street, London sits on the 7th largest plot.
According to HM Land Registry, 56, Hereford Street, London was last sold on 09 Aug 2019 for £767,500 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Aug 2019, the market for similar properties has risen 8.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 56, Hereford Street, London within a radius of 260m over the last 2 years.
The most recent example is 43, Chilton Street, London, E2 6DZ, a Freehold house which sold for £775,000 in Jul 2023.
Read more about house prices in E2.
Our network of Estate Agents report 2 lets within a 259m radius of 56, Hereford Street, London over the last 2 years.
Most recently 45, Fuller Close, London, E2 6DX, a Leasehold flat let by Saint Andrews Bureau for an undisclosed amount in Dec 2023.
Hereford Street, London, E2 has a total of 39 addresses. According to our analysis of all the public data, 56, Hereford Street, London is the largest and the 2nd most expensive property on the street.
When compared to the postcode district it is £293k more expensive than the average property in E2.
56, Hereford Street, London has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 31 May 2019.
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 56, Hereford Street, London is Bethnal Green station which is 400 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 56, Hereford Street, London, 39.4% of property is socially rented and 37.2% 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 56, Hereford Street, London, 14.2% of residents are recorded as possessing school level qualifications and 49.4% 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 56, Hereford Street, London, the average age was 32.1 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 56, Hereford Street, 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 56, Hereford Street, 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.