According to the public record, 3A , Spanby Road, London is a modern leasehold apartment with 473 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom.
The apartment is in 3, Spanby Road, London, E3.
Spanby Road, London, E3 is located in the borough of Tower Hamlets within the E3 postal district.
3A , Spanby Road, London has 41 entries in the Land Registry database, most recently in April 2024 and a single entry in the EPC database dated June 2020.
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 3A Spanby Road London as £310,469 and the rental value as £1,671 per month giving an expected gross yield of 6.5%.
Over the last 12 months the sale value of 3A Spanby Road London has increased by £1,625 (0.5%) and its rental value has increased by £76 per month (4.5%).
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 3A , Spanby Road, London is in very good condition we estimate a sale value of £325,992 and rental value of £1,755 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £288,736 and a rental value of £1,554 per month.
If you were able to purchase this property for the estimated value of £310,469, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,526 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, 3A , Spanby Road, London was last sold on 19 Apr 2024 for £318,000 and was recorded as a leasehold flat.
The property has had 4 sales since 1995.
Since Apr 2024, the market for similar properties has dropped 0.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 3A , Spanby Road, London within a radius of 340 metres over the last 2 years.
The most recent example is Flat 3, Bentley House 21, Wellington Way, London, E3 4XE, a Leasehold flat which sold for £220,000 in Sep 2023.
Read more about house prices in E3.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Spanby Road, London, E3 has a total of 114 addresses. According to our analysis of all the public data, 3A , Spanby Road, London is the 105th largest and the 15th most expensive property on the street.
When compared to the postcode district it is £129k less expensive than the average property in E3.
3A , Spanby Road, London has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 25 Jun 2020.
The property is not connected to mains gas and has fully double glazed windows. It is heated using electric heaters.
The closest station to 3A , Spanby Road, London is Devons Road 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 3A , Spanby Road, London, 57.1% of property is socially rented and 24.3% 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 3A , Spanby Road, London, 24.8% of residents are recorded as possessing school level qualifications and 32.4% 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 3A , Spanby Road, London, the average age was 31 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 3A , Spanby Road, London, 0.8% 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 3A , Spanby Road, 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.