According to the public record, 8, Farrance Street, London is a mid-century leasehold apartment with 505 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom.
Farrance Street, London, E14 is located in the borough of Tower Hamlets within the E14 postal district.
8, Farrance Street, London has a single entry in the Land Registry database from November 2021 and a single entry in the EPC database dated September 2021.
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 8 Farrance Street London as £231,943 and the rental value as £1,228 per month giving an expected gross yield of 6.4%.
Over the last 12 months the sale value of 8 Farrance Street London has increased by £2,927 (1.3%) and its rental value has increased by £26 per month (2.1%).
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, Farrance Street, London is in very good condition we estimate a sale value of £243,540 and rental value of £1,289 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £215,707 and a rental value of £1,142 per month.
If you were able to purchase this property for the estimated value of £231,943, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,140 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, Farrance Street, London was last sold on 26 Nov 2021 for £234,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Nov 2021, the market for similar properties has dropped 2.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 8, Farrance Street, London within a radius of 230 metres over the last 2 years.
The most recent example is Flat 57, Anglesey House, Lindfield Street, London, E14 6HS, a Leasehold flat which sold for £180,000 in Jul 2022.
Read more about house prices in E14.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Our network of Estate Agents report 1 let within a 230 metres radius of 8, Farrance Street, London over the last 2 years.
Most recently Flat 101, Paisley Court 15, Clyde Square, London, E14 7TB, a Leasehold flat let by Saint Andrews Bureau in Nov 2023.
Farrance Street, London, E14 has a total of 28 addresses. According to our analysis of all the public data, 8, Farrance Street, London is the 23rd largest and the 23rd most expensive property on the street.
When compared to the postcode district it is £253k less expensive than the average property in E14.
8, Farrance Street, London has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 14 Sep 2021.
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 8, Farrance Street, London is Westferry station which is 500 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, Farrance Street, London, 41.9% of property is privately rented and 33.1% is socially 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, Farrance Street, London, 15.4% of residents are recorded as possessing school level qualifications and 48.8% 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 8, Farrance Street, London, the average age was 31.2 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 8, Farrance Street, 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, Farrance Street, 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.