According to the public record, 608, Sovereign Tower 1, London is a modern leasehold apartment with 538 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom with a balcony.
The apartment is in Sovereign Tower, Emily Street, London, E16.
Emily Street, London, E16 is located in the borough of Newham within the E16 postal district.
608, Sovereign Tower 1, London has a single entry in the Land Registry database from March 2024 and a single entry in the EPC database dated November 2016.
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 608 Sovereign Tower 1 London as £334,232 and the rental value as £1,856 per month giving an expected gross yield of 6.7%.
Over the last 12 months the sale value of 608 Sovereign Tower 1 London has increased by £2,517 (0.8%) and its rental value has increased by £85 per month (4.6%).
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 608, Sovereign Tower 1, London is in very good condition we estimate a sale value of £350,944 and rental value of £1,949 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £310,836 and a rental value of £1,726 per month.
If you were able to purchase this property for the estimated value of £334,232, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,643 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, 608, Sovereign Tower 1, London was last sold on 20 Mar 2024 for £350,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Mar 2024, the market for similar properties has risen 0.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 608, Sovereign Tower 1, London within a radius of 270 metres over the last 2 years.
The most recent example is 611, Sovereign Tower 1, Emily Street, London, E16 1LU, a Leasehold flat which sold for £360,000 in Apr 2024.
Read more about house prices in E16.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Emily Street, London, E16 has a total of 123 addresses. According to our analysis of all the public data, 608, Sovereign Tower 1, London is the 68th largest and the 69th most expensive property on the street.
When compared to the postcode district it is £54k less expensive than the average property in E16.
608, Sovereign Tower 1, London has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 07 Nov 2016.
The property is not connected to mains gas and has high performance glazing. It is heated using a community scheme.
The closest station to 608, Sovereign Tower 1, London is Royal Victoria station which is 500 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 608, Sovereign Tower 1, London, 55.6% of property is privately rented and 23.2% 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 608, Sovereign Tower 1, London, 28.7% of residents are recorded as possessing school level qualifications and 37.2% 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 608, Sovereign Tower 1, 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 608, Sovereign Tower 1, London, 1.2% 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 608, Sovereign Tower 1, London, there are an average of 0.7 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.