According to the public record, 8, New Village Avenue, London is a modern apartment with 602 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
New Village Avenue, London, E14 is located in the borough of Tower Hamlets within the E14 postal district.
8, New Village Avenue, London has no records in the Land Registry database and a single entry in the EPC database dated August 2015.
We combine this information with public data 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 New Village Avenue London as £350,810 and the rental value as £1,889 per month giving an expected gross yield of 6.5%.
Over the last 12 months the sale value of 8 New Village Avenue London has increased by £4,519 (1.3%) and its rental value has increased by £48 per month (2.6%).
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, New Village Avenue, London is in very good condition we estimate a sale value of £368,351 and rental value of £1,983 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £326,253 and a rental value of £1,757 per month.
If you were able to purchase this property for the estimated value of £350,810, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,724 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 the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 8, New Village Avenue, London within a radius of 400 metres over the last 2 years.
The most recent example is Flat 105, Lighterman Point 3, New Village Avenue, London, E14 0ND, a Leasehold flat which sold for £332,500 in Aug 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 of a property similar to 8, New Village Avenue, London within a radius of 400 metres over the last 2 years.
Most recently Flat 1906, Avalon Point 1, Silvocea Way, London, E14 0TZ, a Leasehold flat let by Saint Andrews Bureau in Jun 2023.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
New Village Avenue, London, E14 has a total of 428 addresses. According to our analysis of all the public data, 8, New Village Avenue, London is the 314th largest and the 283rd most expensive property on the street.
When compared to the postcode district it is £134k less expensive than the average property in E14.
8, New Village Avenue, London has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 26 Aug 2015.
The property is not connected to mains gas and has high performance glazing. It is heated using a community scheme.
The closest station to 8, New Village Avenue, London is East India 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, New Village Avenue, London, 60.5% of property is socially rented and 22.4% 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, New Village Avenue, London, 42.7% of residents are recorded as possessing school level qualifications and 28.1% 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, New Village Avenue, 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 8, New Village Avenue, London, 0.6% 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, New Village Avenue, 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.