According to the public record, 7, Balmes Road, London is a modern leasehold apartment with 990 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms.
Balmes Road, London, N1 is located in the borough of Hackney within the N1 postal district.
7, Balmes Road, London has a single entry in the Land Registry database from December 2013 and a single entry in the EPC database dated May 2012.
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 Balmes Road London as £438,535 and the rental value as £2,167 per month giving an expected gross yield of 5.9%.
Over the last 12 months the sale value of 7 Balmes Road London has decreased by £510 (0.1%) and its rental value has increased by £139 per month (6.4%).
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, Balmes Road, London is in very good condition we estimate a sale value of £460,461 and rental value of £2,276 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £407,837 and a rental value of £2,016 per month.
If you were able to purchase this property for the estimated value of £438,535, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,155 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, Balmes Road, London was last sold on 03 Dec 2013 for £450,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Dec 2013, the market for similar properties has risen 16.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 7, Balmes Road, London within a radius of 250 metres over the last 2 years.
The most recent example is 5, Balmes Road, London, N1 5EY, a Leasehold flat which sold for £435,000 in Nov 2023.
Read more about house prices in N1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Our network of Estate Agents report 1 let within a 250 metres radius of 7, Balmes Road, London over the last 2 years.
Most recently Flat 1, Duo Tower, Penn Street, London, N1 5FF, a Leasehold flat let by London Property Management in Aug 2021.
Balmes Road, London, N1 has a total of 107 addresses. According to our analysis of all the public data, 7, Balmes Road, London is the 13th largest and the 83rd most expensive property on the street.
When compared to the postcode district it is £298k less expensive than the average property in N1.
7, Balmes Road, London has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 30 May 2012.
The property is not connected to mains gas and has fully double glazed windows. It is heated using an electric boiler and radiators.
The closest station to 7, Balmes Road, London is Haggerston 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 7, Balmes Road, London, 67.0% of property is socially rented and 13.9% is privately rented.
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, Balmes Road, London, 26.1% of residents are recorded as possessing school level qualifications and 40.0% 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, Balmes Road, 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 7, Balmes Road, London, 1.5% 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, Balmes Road, 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.