According to the public record, 55A, Forest Lane, London is a mid-century leasehold apartment with 522 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in 55, Forest Lane, London, E15.
Forest Lane, London, E15 is located in the borough of Newham within the E15 postal district.
55A, Forest Lane, London has a single entry in the Land Registry database from June 2012 and a single entry in the EPC database dated September 2009.
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 55A Forest Lane London as £278,645 and the rental value as £1,928 per month giving an expected gross yield of 8.3%.
Over the last 12 months the sale value of 55A Forest Lane London has increased by £9,787 (3.5%) and its rental value has increased by £94 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 55A, Forest Lane, London is in very good condition we estimate a sale value of £292,578 and rental value of £2,024 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £259,140 and a rental value of £1,793 per month.
If you were able to purchase this property for the estimated value of £278,645, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,369 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, 55A, Forest Lane, London was last sold on 15 Jun 2012 for £130,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Jun 2012, the market for similar properties has risen 88.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 55A, Forest Lane, London within a radius of 330 metres over the last 2 years.
The most recent example is 99, Keogh Road, London, E15 4NS, a Leasehold flat which sold for £285,000 in Nov 2023.
Read more about house prices in E15.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Forest Lane, London, E15 has a total of 191 addresses. According to our analysis of all the public data, 55A, Forest Lane, London is the 132nd largest and the 174th most expensive property on the street.
When compared to the postcode district it is £161k less expensive than the average property in E15.
55A, Forest Lane, London has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 03 Sep 2009.
The property is connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
The closest station to 55A, Forest Lane, London is Maryland 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 55A, Forest Lane, London, 50.5% of property is socially rented and 19.4% 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 55A, Forest Lane, London, 17.6% of residents are recorded as possessing school level qualifications and 33.5% 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 55A, Forest Lane, London, the average age was 34.8 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 55A, Forest Lane, London, 0.4% 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 55A, Forest Lane, London, there are an average of 0.5 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.