According to the public record, 7, Spey Street, London is a mid-century leasehold apartment with 753 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Spey Street, London, E14 is located in the borough of Tower Hamlets within the E14 postal district.
7, Spey Street, London has 21 entries in the Land Registry database, most recently in July 2007 and a single entry in the EPC database dated December 2023.
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 Spey Street London as £289,405 and the rental value as £1,529 per month giving an expected gross yield of 6.3%.
Over the last 12 months the sale value of 7 Spey Street London has increased by £2,537 (0.9%) and its rental value has increased by £44 per month (2.9%).
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, Spey Street, London is in very good condition we estimate a sale value of £303,875 and rental value of £1,606 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £269,146 and a rental value of £1,422 per month.
If you were able to purchase this property for the estimated value of £289,405, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,422 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, Spey Street, London was last sold on 17 Jul 2007 for £207,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Jul 2007, the market for similar properties has risen 37.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 7, Spey Street, London within a radius of 310 metres over the last 2 years.
The most recent example is 322, Teviot Street, London, E14 6QS, a Leasehold flat which sold for £280,000 in Apr 2020.
Read more about house prices in E14.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Spey Street, London, E14 has a total of 103 addresses. According to our analysis of all the public data, 7, Spey Street, London is the 31st largest and the 34th most expensive property on the street.
When compared to the postcode district it is £195k less expensive than the average property in E14.
7, Spey Street, London has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 06 Dec 2023.
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, Spey Street, London is Langdon Park station which is 300 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, Spey Street, London, 66.7% of property is socially rented and 25.9% 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, Spey Street, London, 25.1% of residents are recorded as possessing school level qualifications and 36.2% 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, Spey Street, London, the average age was 30.3 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, Spey Street, London, 0.7% 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, Spey Street, London, there are an average of 0.5 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.