According to the public record, Apartment 16, 327, Morville Street, London is a modern leasehold apartment with 731 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a balcony.
The apartment is in 327, Morville Street, London, E3.
Morville Street, London, E3 is located in the borough of Tower Hamlets within the E3 postal district.
Apartment 16, 327, Morville Street, London has a single entry in the Land Registry database from March 2021 and a single entry in the EPC database dated February 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 good condition, we estimate the current sale value for Apartment 16 327 Morville Street London as £506,401 and the rental value as £2,538 per month giving an expected gross yield of 6%.
Over the last 12 months the sale value of Apartment 16 327 Morville Street London has decreased by £10,278 (2.0%) and its rental value has increased by £53 per month (2.1%).
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 Apartment 16, 327, Morville Street, London is in very good condition we estimate a sale value of £531,721 and rental value of £2,665 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £470,953 and a rental value of £2,360 per month.
If you were able to purchase this property for the estimated value of £506,401, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,489 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, Apartment 16, 327, Morville Street, London was last sold on 31 Mar 2021 for £575,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Mar 2021, the market for similar properties has dropped 2.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Apartment 16, 327, Morville Street, London within a radius of 230 metres over the last 2 years.
The most recent example is Apartment 12, 327, Morville Street, London, E3 2DZ, a Leasehold flat which sold for £540,000 in Mar 2021.
Read more about house prices in E3.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Morville Street, London, E3 has a total of 148 addresses. According to our analysis of all the public data, Apartment 16, 327, Morville Street, London is the 61st largest and the 28th most expensive property on the street.
When compared to the postcode district it is £67k more expensive than the average property in E3.
Apartment 16, 327, Morville Street, London has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 17 Feb 2021.
The property is not connected to mains gas and has high performance glazing. It is heated using a community scheme.
The closest station to Apartment 16, 327, Morville Street, London is Bow Church station which is 400 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 Apartment 16, 327, Morville Street, London, 79.1% of property is socially rented and 10.5% is privately owned with a mortgage.
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 Apartment 16, 327, Morville Street, London, 14.8% of residents are recorded as possessing school level qualifications and 28.9% 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 Apartment 16, 327, Morville Street, London, the average age was 32.7 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 Apartment 16, 327, Morville Street, London, 1.0% 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 Apartment 16, 327, Morville Street, 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.