According to the public record, 61, Essex Street, London is a mid-century apartment with 570 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Essex Street, London, E7 is located in the borough of Newham within the E7 postal district.
61, Essex Street, London has no recent1 records in the Land Registry database and a single entry in the EPC database dated December 2022.
We combine this information with public data 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 Essex Street London as £288,220 and the rental value as £1,766 per month giving an expected gross yield of 7.4%.
Over the last 12 months the sale value of 61 Essex Street London has increased by £7,950 (2.8%) and its rental value has increased by £68 per month (3.9%).
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 61, Essex Street, London is in very good condition we estimate a sale value of £302,631 and rental value of £1,854 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £268,045 and a rental value of £1,642 per month.
If you were able to purchase this property for the estimated value of £288,220, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,417 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, Essex Street, London was last sold on 19 Jul 2000 for £71,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 61, Essex Street, London within a radius of 360 metres over the last 2 years.
The most recent example is 86A, Earlham Grove, London, E7 9AR, a Leasehold flat which sold for £311,000 in Jun 2023.
Read more about house prices in E7.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Essex Street, London, E7 has a total of 58 addresses. According to our analysis of all the public data, 61, Essex Street, London is the 50th largest and the 51st most expensive property on the street.
When compared to the postcode district it is £205k less expensive than the average property in E7.
61, Essex Street, London has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 07 Dec 2022.
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 61, Essex Street, London is Forest Gate 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 61, Essex Street, London, 38.6% of property is privately rented and 22.7% 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 61, Essex Street, London, 21.7% of residents are recorded as possessing school level qualifications and 43.1% 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, Essex Street, London, the average age was 34.4 and the most common age was 37.
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, Essex 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 61, Essex Street, London, there are an average of 0.6 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.