According to the public record, 88, Major Road, London is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a mid-century apartment with 462 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom.
Major Road, London, E15 is located in the borough of Newham within the E15 postal district.
88, Major Road, London has a single entry in the Land Registry database from November 2006 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 88 Major Road London as £255,138 and the rental value as £1,735 per month giving an expected gross yield of 8.2%.
Over the last 12 months the sale value of 88 Major Road London has increased by £7,872 (3.1%) and its rental value has increased by £85 per month (4.9%).
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 88, Major Road, London is in very good condition we estimate a sale value of £267,895 and rental value of £1,822 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £237,278 and a rental value of £1,614 per month.
If you were able to purchase this property for the estimated value of £255,138, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,254 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, 88, Major Road, London was last sold on 30 Nov 2006 for £182,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 88, Major Road, London within a radius of 370 metres over the last 2 years.
The most recent example is 50, Major Road, London, E15 1EH, a Leasehold flat which sold for £252,500 in Feb 2022.
Read more about house prices in E15.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Major Road, London, E15 has a total of 94 addresses. According to our analysis of all the public data, 88, Major Road, London is the 75th largest and the 77th most expensive property on the street.
When compared to the postcode district it is £184k less expensive than the average property in E15.
The closest station to 88, Major Road, London is Stratford International station which is 600 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 88, Major Road, London, 42.2% of property is privately rented and 21.1% 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 88, Major Road, London, 21.7% of residents are recorded as possessing school level qualifications and 39.0% 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 88, Major Road, London, the average age was 33.6 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 88, Major Road, London, 7.4% 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 88, Major Road, London, there are an average of 0.6 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.