According to the public record, 7, Redmans Road, London is a modern leasehold apartment with 1,171 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms.
Redmans Road, London, E1 is located in the borough of Tower Hamlets within the E1 postal district.
7, Redmans Road, London has a single entry in the Land Registry database from February 2011 and a single entry in the EPC database dated August 2010.
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 Redmans Road London as £634,182 and the rental value as £3,466 per month giving an expected gross yield of 6.6%.
Over the last 12 months the sale value of 7 Redmans Road London has decreased by £8,306 (1.3%) and its rental value has increased by £128 per month (3.7%).
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, Redmans Road, London is in very good condition we estimate a sale value of £665,891 and rental value of £3,640 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £589,789 and a rental value of £3,224 per month.
If you were able to purchase this property for the estimated value of £634,182, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £3,117 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, Redmans Road, London was last sold on 14 Feb 2011 for £387,500 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Feb 2011, the market for similar properties has risen 53.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 7, Redmans Road, London within a radius of 260 metres over the last 2 years.
The most recent example is Flat 28, 22, Adelina Grove, London, E1 3BX, a Leasehold flat which sold for £540,000 in Jun 2023.
Read more about house prices in E1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Our network of Estate Agents report 1 let within a 260 metres radius of 7, Redmans Road, London over the last 2 years.
Most recently Flat 4, 15, Redmans Road, London, E1 3AQ, a Leasehold flat let by Saint Andrews Bureau in Oct 2017.
Redmans Road, London, E1 has a total of 76 addresses. According to our analysis of all the public data, 7, Redmans Road, London is the 3rd largest and the 6th most expensive property on the street.
When compared to the postcode district it is £113k more expensive than the average property in E1.
7, Redmans Road, London has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 26 Aug 2010.
The property is not connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
The closest station to 7, Redmans Road, London is Stepney Green station which is 400 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, Redmans Road, London, 44.4% of property is socially rented and 33.3% 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, Redmans Road, London, 30.3% of residents are recorded as possessing school level qualifications and 44.5% 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, Redmans Road, London, the average age was 33.6 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, Redmans Road, London, 1.3% 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, Redmans 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.