According to the public record, 59, Independent Place, London is a modern leasehold apartment and with 1,229 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms.
Independent Place, London, E8 is located in the borough of Hackney within the E8 postal district.
59, Independent Place, London has 21 entries in the Land Registry database, most recently in March 2020 and a single entry in the EPC database dated September 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 59 Independent Place London as £991,056 and the rental value as £4,273 per month giving an expected gross yield of 5.2%.
Over the last 12 months the sale value of 59 Independent Place London has increased by £11,676 (1.2%) and its rental value has increased by £250 per month (5.9%).
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 59, Independent Place, London is in very good condition we estimate a sale value of £1,040,609 and rental value of £4,486 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £921,682 and a rental value of £3,974 per month.
If you were able to purchase this property for the estimated value of £991,056, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £4,871 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, 59, Independent Place, London was last sold on 27 Mar 2020 for £910,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Mar 2020, the market for similar properties has risen 4.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 59, Independent Place, London within a radius of 72m over the last 2 years.
The most recent example is 53, Independent Place, London, E8 2HE, a Leasehold flat which sold for £940,000 in Aug 2022.
Read more about house prices in E8.
Independent Place, London, E8 has a total of 73 addresses. According to our analysis of all the public data, 59, Independent Place, London is the 13th largest and the 13th most expensive property on the street.
When compared to the postcode district it is £352k more expensive than the average property in E8.
59, Independent Place, London has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 23 Sep 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 59, Independent Place, London is Dalston Kingsland station which is 500 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 59, Independent Place, London, 38.3% of property is privately rented and 34.0% 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 59, Independent Place, London, 10.9% of residents are recorded as possessing school level qualifications and 83.2% 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 59, Independent Place, London, the average age was 35.9 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 59, Independent Place, London, 3.0% 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 59, Independent Place, London, there are an average of 0.4 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.