8, Eric Close, London has a single entry in the Land Registry database from April 2017 and a single entry in the EPC database dated March 2020.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
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 8, Eric Close, London is in very good condition we estimate a sale value of £357,958 and rental value of £2,117 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £317,048 and a rental value of £1,875 per month.
If you were able to purchase this property for the estimated value of £340,912, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,675 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, 8, Eric Close, London was last sold on 07 Apr 2017 for £290,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Apr 2017, the market for similar properties has risen 5.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 8, Eric Close, London within a radius of 330 metres over the last 2 years.
The most recent example is 44, Moore Walk, London, E7 0HY, a Leasehold flat which sold for £310,000 in May 2023.
Read more about house prices in E7.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Eric Close, London, E7 has a total of 32 addresses. According to our analysis of all the public data, 8, Eric Close, London is the 16th largest and the 19th most expensive property on the street.
When compared to the postcode district it is £153k less expensive than the average property in E7.
8, Eric Close, London has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 17 Mar 2020.
The property is connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
According to the public record, 8, Eric Close, London is a mid-century leasehold apartment with 882 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms.
Eric Close, London, E7 is located in the borough of Newham within the E7 postal district.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 8 Eric Close London as £340,912 and the rental value as £2,016 per month giving an expected gross yield of 7.1%.
Over the last 12 months the sale value of 8 Eric Close London has increased by £9,561 (2.8%) and its rental value has increased by £78 per month (3.9%).
The closest station to 8, Eric Close, London is Wanstead Park 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 8, Eric Close, London, 36.4% of property is socially rented and 26.4% 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 8, Eric Close, London, 21.2% of residents are recorded as possessing school level qualifications and 28.5% 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 8, Eric Close, London, the average age was 34.4 and the most common age was 37.
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 8, Eric 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 8, Eric 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.