According to the public record, 61, Burr Close, London is a mid-century leasehold apartment with 807 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Burr Close, London, E1 is located in the borough of Tower Hamlets within the E1 postal district.
61, Burr Close, London has 21 entries in the Land Registry database, most recently in September 2010 and a single entry in the EPC database dated April 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 61 Burr Close London as £546,371 and the rental value as £2,876 per month giving an expected gross yield of 6.3%.
Over the last 12 months the sale value of 61 Burr Close London has decreased by £11,331 (2.1%) and its rental value has increased by £95 per month (3.3%).
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 61, Burr Close, London is in very good condition we estimate a sale value of £573,689 and rental value of £3,020 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £508,125 and a rental value of £2,675 per month.
If you were able to purchase this property for the estimated value of £546,371, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,685 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, 61, Burr Close, London was last sold on 02 Sep 2010 for £430,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Sep 2010, the market for similar properties has risen 45.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 61, Burr Close, London within a radius of 330 metres over the last 2 years.
The most recent example is 17, St. Anthony's Close, London, E1W 1LT, a Leasehold flat which sold for £615,000 in Sep 2023.
Read more about house prices in E1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Our network of Estate Agents report 2 lets within a 330 metres radius of 61, Burr Close, London over the last 2 years.
Most recently Apartment 406, Admiralty House 150, Vaughan Way, London, E1W 2AH, a Leasehold flat let by Saint Andrews Bureau in Aug 2023.
Burr Close, London, E1 has a total of 108 addresses. According to our analysis of all the public data, 61, Burr Close, London is the 19th largest and the 22nd most expensive property on the street.
When compared to the postcode district it is £25k more expensive than the average property in E1.
61, Burr Close, London has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 13 Apr 2016.
The property is connected to mains gas and has fully double glazed windows. It is heated using a community scheme.
The closest station to 61, Burr Close, London is Tower Gateway station which is 600 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 61, Burr Close, London, 43.2% of property is privately rented and 22.6% is privately owned outright.
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 61, Burr Close, London, 16.7% of residents are recorded as possessing school level qualifications and 69.8% 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 61, Burr Close, London, the average age was 37.5 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 61, Burr Close, London, 2.7% 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 61, Burr Close, London, there are an average of 0.5 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.