According to the public record, 62, Martello Street, London is a modern leasehold apartment and with 968 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms.
Martello Street, London, E8 is located in the borough of Hackney within the E8 postal district.
62, Martello Street, London has 31 entries in the Land Registry database, most recently in November 2022 and 2 entries in the EPC database, most recently in April 2022.
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 62 Martello Street London as £713,143 and the rental value as £3,502 per month giving an expected gross yield of 5.9%.
Over the last 12 months the sale value of 62 Martello Street London has increased by £7,188 (1.0%) and its rental value has increased by £177 per month (5.1%).
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 62, Martello Street, London is in very good condition we estimate a sale value of £748,800 and rental value of £3,677 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £663,223 and a rental value of £3,257 per month.
If you were able to purchase this property for the estimated value of £713,143, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £3,505 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, 62, Martello Street, London was last sold on 15 Nov 2022 for £700,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Nov 2022, the market for similar properties has risen 2.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 62, Martello Street, London within a radius of 77m over the last 2 years.
The most recent example is Flat 1, 10, Ellingfort Road, London, E8 3PA, a Leasehold flat which sold for £750,000 in Sep 2023.
Read more about house prices in E8.
Martello Street, London, E8 has a total of 174 addresses. According to our analysis of all the public data, 62, Martello Street, London is the 43rd largest and the 42nd most expensive property on the street.
When compared to the postcode district it is £75k more expensive than the average property in E8.
62, Martello Street, London has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 26 Apr 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 62, Martello Street, London is London Fields station which is 200 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 62, Martello Street, London, 57.4% of property is privately rented and 27.8% 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 62, Martello Street, London, 7.8% of residents are recorded as possessing school level qualifications and 80.7% 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 62, Martello Street, London, the average age was 34.5 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 62, Martello Street, London, 2.1% 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 62, Martello Street, London, there are an average of 0.3 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.