According to the public record, 56A, Elmore Street, London is a period leasehold apartment and with 667 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a garden.
The apartment is in 56, Elmore Street, London, N1.
Elmore Street, London, N1 is located in the borough of Islington within the N1 postal district.
56A, Elmore Street, London has 2 entries in the Land Registry database, most recently in April 2022 and 3 entries in the EPC database, most recently in December 2021.
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 56A Elmore Street London as £734,883 and the rental value as £2,987 per month giving an expected gross yield of 4.9%.
Over the last 12 months the sale value of 56A Elmore Street London has decreased by £5,258 (0.7%) and its rental value has increased by £191 per month (6.4%).
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 56A, Elmore Street, London is in very good condition we estimate a sale value of £771,627 and rental value of £3,137 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £683,441 and a rental value of £2,778 per month.
If you were able to purchase this property for the estimated value of £734,883, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £3,612 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, 56A, Elmore Street, London was last sold on 22 Apr 2022 for £890,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Apr 2022, the market for similar properties has dropped 1.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 56A, Elmore Street, London within a radius of 160m over the last 2 years.
The most recent example is 16B, Elmore Street, London, N1 3AL, a Leasehold flat which sold for £940,000 in Aug 2023.
Read more about house prices in N1.
Elmore Street, London, N1 has a total of 204 addresses. According to our analysis of all the public data, 56A, Elmore Street, London is the 123rd largest and the 87th most expensive property on the street.
When compared to the postcode district it is £2k less expensive than the average property in N1.
56A, Elmore Street, London has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 07 Dec 2021.
The property is connected to mains gas and has fully double glazed windows. It is heated using a boiler with both radiators and underfloor heating.
The closest station to 56A, Elmore Street, London is Essex Road station which is 500 m 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 56A, Elmore Street, London, 38.7% of property is socially rented and 28.8% 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 56A, Elmore Street, London, 10.7% of residents are recorded as possessing school level qualifications and 63.5% 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 56A, Elmore Street, London, the average age was 37 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 56A, Elmore Street, London, 2.0% 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 56A, Elmore Street, London, there are an average of 0.3 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.