According to the public record, 8, Willis Street, London is a mid-century leasehold apartment with 785 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Willis Street, London, E14 is located in the borough of Tower Hamlets within the E14 postal district.
8, Willis Street, London has 21 entries in the Land Registry database, most recently in February 2023 and a single entry in the EPC database dated August 2014.
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 Willis Street London as £367,431 and the rental value as £1,934 per month giving an expected gross yield of 6.3%.
Over the last 12 months the sale value of 8 Willis Street London has increased by £4,492 (1.2%) and its rental value has increased by £58 per month (3.0%).
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, Willis Street, London is in very good condition we estimate a sale value of £385,803 and rental value of £2,030 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £341,711 and a rental value of £1,798 per month.
If you were able to purchase this property for the estimated value of £367,431, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,806 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, Willis Street, London was last sold on 03 Feb 2023 for £415,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Feb 2023, the market for similar properties has dropped 0.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 8, Willis Street, London within a radius of 280 metres over the last 2 years.
The most recent example is 46, Willis Street, London, E14 6NB, a Leasehold flat which sold for £360,000 in Mar 2022.
Read more about house prices in E14.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Willis Street, London, E14 has a total of 54 addresses. According to our analysis of all the public data, 8, Willis Street, London is the 35th largest and the 35th most expensive property on the street.
When compared to the postcode district it is £117k less expensive than the average property in E14.
8, Willis Street, London has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 08 Aug 2014.
The property is not connected to mains gas and has fully double glazed windows. It is heated using electric storage heaters.
The closest station to 8, Willis Street, London is Langdon Park 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 8, Willis Street, London, 48.4% of property is socially rented and 35.3% 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, Willis Street, London, 20.4% of residents are recorded as possessing school level qualifications and 38.4% 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, Willis Street, London, the average age was 31.4 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, Willis Street, London, 2.4% 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, Willis 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.