According to the public record, 78, Otter Close, London is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a modern apartment with 722 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Otter Close, London, E15 is located in the borough of Newham within the E15 postal district.
78, Otter Close, London has a single entry in the Land Registry database from October 2007 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 78 Otter Close London as £386,701 and the rental value as £2,434 per month giving an expected gross yield of 7.6%.
Over the last 12 months the sale value of 78 Otter Close London has increased by £5,793 (1.5%) and its rental value has increased by £90 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 78, Otter Close, London is in very good condition we estimate a sale value of £406,036 and rental value of £2,556 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £359,632 and a rental value of £2,264 per month.
If you were able to purchase this property for the estimated value of £386,701, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,901 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, 78, Otter Close, London was last sold on 05 Oct 2007 for £240,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Oct 2007, the market for similar properties has risen 51.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 78, Otter Close, London within a radius of 300 metres over the last 2 years.
The most recent example is 69, Otter Close, London, E15 2PT, a Leasehold flat which sold for £365,000 in Mar 2024.
Read more about house prices in E15.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Otter Close, London, E15 has a total of 124 addresses. According to our analysis of all the public data, 78, Otter Close, London is the 2nd largest and the 4th most expensive property on the street.
When compared to the postcode district it is £53k less expensive than the average property in E15.
The closest station to 78, Otter Close, London is Pudding Mill Lane 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 78, Otter Close, London, 42.3% of property is privately rented and 21.8% 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 78, Otter Close, London, 32.9% of residents are recorded as possessing school level qualifications and 37.8% 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 78, Otter Close, 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 78, Otter 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 78, Otter Close, London, there are an average of 0.8 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.