According to the public record, 8, Verbena Close, London is a modern leasehold apartment with 459 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom.
Verbena Close, London, E16 is located in the borough of Newham within the E16 postal district.
8, Verbena Close, London has 41 entries in the Land Registry database, most recently in May 2017 and a single entry in the EPC database dated March 2011.
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 Verbena Close London as £284,114 and the rental value as £1,697 per month giving an expected gross yield of 7.2%.
Over the last 12 months the sale value of 8 Verbena Close London has increased by £9,747 (3.4%) and its rental value has increased by £97 per month (5.7%).
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 8, Verbena Close, London is in very good condition we estimate a sale value of £298,319 and rental value of £1,782 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £264,226 and a rental value of £1,578 per month.
If you were able to purchase this property for the estimated value of £284,114, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,396 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, Verbena Close, London was last sold on 31 May 2017 for £245,000 and was recorded as a leasehold flat.
The property has had 4 sales since 1995.
Since May 2017, the market for similar properties has risen 2.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 8, Verbena Close, London within a radius of 420 metres over the last 2 years.
The most recent example is 14, Cranberry Lane, London, E16 4PE, a Leasehold flat which sold for £275,000 in Jul 2022.
Read more about house prices in E16.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Verbena Close, London, E16 has a total of 28 addresses. According to our analysis of all the public data, 8, Verbena Close, London is the 28th largest and the 28th most expensive property on the street.
When compared to the postcode district it is £104k less expensive than the average property in E16.
8, Verbena Close, London has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 15 Mar 2011.
The property is not connected to mains gas and has single glazed windows. It is heated using room heaters.
The closest station to 8, Verbena Close, London is Star Lane 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, Verbena Close, London, 31.7% of property is privately rented and 28.1% 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, Verbena Close, London, 25.2% of residents are recorded as possessing school level qualifications and 44.3% 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, Verbena Close, London, the average age was 34.7 and the most common age was 32.
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, Verbena 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, Verbena Close, London, there are an average of 0.7 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.