According to the public record, 7, Alders Close, London is a modern leasehold apartment with 376 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom.
Alders Close, London, E11 is located in the borough of Redbridge within the E11 postal district.
7, Alders Close, London has 21 entries in the Land Registry database, most recently in January 2016 and a single entry in the EPC database dated January 2024.
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 7 Alders Close London as £263,460 and the rental value as £1,321 per month giving an expected gross yield of 6%.
Over the last 12 months the sale value of 7 Alders Close London has increased by £8,929 (3.4%) and its rental value has increased by £61 per month (4.7%).
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 7, Alders Close, London is in very good condition we estimate a sale value of £276,633 and rental value of £1,387 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £245,017 and a rental value of £1,229 per month.
If you were able to purchase this property for the estimated value of £263,460, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,295 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, 7, Alders Close, London was last sold on 04 Jan 2016 for £228,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Jan 2016, the market for similar properties has risen 14.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 7, Alders Close, London within a radius of 860 metres over the last 2 years.
The most recent example is 9, Alders Close, London, E11 3RZ, a Leasehold flat which sold for £254,000 in Jul 2022.
Read more about house prices in E11.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Alders Close, London, E11 has a total of 75 addresses. According to our analysis of all the public data, 7, Alders Close, London is the 62nd largest and the 63rd most expensive property on the street.
When compared to the postcode district it is £352k less expensive than the average property in E11.
7, Alders Close, London has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 25 Jan 2024.
The property is not connected to mains gas and has fully double glazed windows. It is heated using electric storage heaters.
The closest station to 7, Alders Close, London is Leytonstone High Road station which is 1.2 kilometres 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 7, Alders Close, London, 38.7% of property is privately rented and 33.6% 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 7, Alders Close, London, 19.5% of residents are recorded as possessing school level qualifications and 53.8% 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 7, Alders Close, London, the average age was 39.9 and the most common age was 42.
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 7, Alders Close, London, 0.0% 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 7, Alders Close, 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.