As updated by London Property Management in Oct 2021, 60, Falcon Way, London is a modern 962 year lease apartment with 893 ft2 of internal area comprising 2 bedrooms .
There are 962 years remaining on the lease.
Falcon Way, London, E14 is located in the borough of Tower Hamlets within the E14 postal district.
Based on both the data supplied by London Property Management and the public information available in the area, we estimate the current sale value for 60 Falcon Way London as £584,341 and the rental value as £2,789 per month giving an expected gross yield of 5.7%.
London Property Management described the decorative condition as fair in Oct 2021.
Over the last 12 months the sale value of 60 Falcon Way London has increased by £4,947 (0.8%) and its rental value has increased by £66 per month (2.4%).
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 60, Falcon Way, London is in very good condition we estimate a sale value of £613,558 and rental value of £2,929 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £543,437 and a rental value of £2,594 per month.
If you were able to purchase this property for the estimated value of £584,341, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,872 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, 60, Falcon Way, London was last sold on 25 Feb 2022 for £520,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Feb 2022, the market for similar properties has dropped 2.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 60, Falcon Way, London within a radius of 430 metres over the last 2 years.
The most recent example is 62, Falcon Way, London, E14 9UP, a Leasehold flat which sold for £485,000 in Mar 2021.
Read more about house prices in E14.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Falcon Way, London, E14 has a total of 62 addresses. According to our analysis of all the public data, 60, Falcon Way, London is the 3rd largest and the 5th most expensive property on the street.
When compared to the postcode district it is £100k more expensive than the average property in E14.
60, Falcon Way, London has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 08 Jul 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 60, Falcon Way, London is Mudchute 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 60, Falcon Way, London, 52.6% of property is privately rented and 20.3% 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 60, Falcon Way, London, 14.5% of residents are recorded as possessing school level qualifications and 75.9% 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 60, Falcon Way, 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 60, Falcon Way, London, 0.5% 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 60, Falcon Way, 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.