According to the public record, 7 Ratcliffe House, London is a mid-century leasehold apartment with 742 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a balcony.
The apartment is in Ratcliffe House, Barnes Street, London, E14.
Barnes Street, London, E14 is located in the borough of Tower Hamlets within the E14 postal district.
7 Ratcliffe House, London has 21 entries in the Land Registry database, most recently in September 2016 and a single entry in the EPC database dated October 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 7 Ratcliffe House London as £371,124 and the rental value as £1,964 per month giving an expected gross yield of 6.3%.
Over the last 12 months the sale value of 7 Ratcliffe House London has decreased by £3,377 (0.9%) and its rental value has increased by £64 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 7 Ratcliffe House, London is in very good condition we estimate a sale value of £389,680 and rental value of £2,062 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £345,145 and a rental value of £1,826 per month.
If you were able to purchase this property for the estimated value of £371,124, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,824 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 Ratcliffe House, London was last sold on 29 Sep 2016 for £356,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Sep 2016, the market for similar properties has dropped 7.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 7 Ratcliffe House, London within a radius of 320 metres over the last 2 years.
The most recent example is 12 Ratcliffe House, Barnes Street, London, E14 7NR, a Leasehold flat which sold for £400,000 in Sep 2022.
Read more about house prices in E14.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Barnes Street, London, E14 has a total of 66 addresses. According to our analysis of all the public data, 7 Ratcliffe House, London is the 51st largest and the 51st most expensive property on the street.
When compared to the postcode district it is £113k less expensive than the average property in E14.
7 Ratcliffe House, London has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 21 Oct 2016.
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 7 Ratcliffe House, London is Limehouse 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 7 Ratcliffe House, London, 64.8% of property is socially rented and 19.2% 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 Ratcliffe House, London, 28.3% of residents are recorded as possessing school level qualifications and 36.6% 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 Ratcliffe House, London, the average age was 31.5 and the most common age was 27.
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 Ratcliffe House, London, 0.2% 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 Ratcliffe House, London, there are an average of 0.4 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.