According to the public record, Apartment 188, Carrara Tower 1, London is a modern leasehold apartment and with 731 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in Carrara Tower, Bollinder Place, London, EC1.
Bollinder Place, London, EC1 is located in the borough of Islington within the EC1 postal district.
Apartment 188, Carrara Tower 1, London has a single entry in the Land Registry database from October 2020 and no records in the EPC database.
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 188 Carrara Tower 1 London as £940,714 and the rental value as £3,936 per month giving an expected gross yield of 5%.
Over the last 12 months the sale value of Apartment 188 Carrara Tower 1 London has decreased by £11,891 (1.3%) and its rental value has increased by £194 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 Apartment 188, Carrara Tower 1, London is in very good condition we estimate a sale value of £987,750 and rental value of £4,133 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £874,864 and a rental value of £3,661 per month.
If you were able to purchase this property for the estimated value of £940,714, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £4,623 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 188, Carrara Tower 1, London was last sold on 12 Oct 2020 for £1,022,015 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Oct 2020, the market for similar properties has dropped 3.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Apartment 188, Carrara Tower 1, London within a radius of 0m over the last 2 years.
The most recent example is Apartment 180, Carrara Tower 1, Bollinder Place, London, EC1V 2AF, a Leasehold flat which sold for £825,000 in Nov 2023.
Read more about house prices in EC1.
Our network of Estate Agents report 1 let within a 68m radius of Apartment 188, Carrara Tower 1, London over the last 2 years.
Most recently Flat 86, Chronicle Tower 261B, City Road, London, EC1V 1AL, a Leasehold flat let by Fine Living for an undisclosed amount in Mar 2024.
Bollinder Place, London, EC1 has a total of 490 addresses. According to our analysis of all the public data, Apartment 188, Carrara Tower 1, London is the 231st largest and the 242nd most expensive property on the street.
When compared to the postcode district it is £277k more expensive than the average property in EC1.
Apartment 188, Carrara Tower 1, London has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 14 Aug 2020.
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 188, Carrara Tower 1, London is Old Street station which is 700 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 Apartment 188, Carrara Tower 1, London, 72.6% of property is socially rented and 15.7% 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 Apartment 188, Carrara Tower 1, London, 21.0% of residents are recorded as possessing school level qualifications and 37.0% 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 Apartment 188, Carrara Tower 1, London, the average age was 34.5 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 188, Carrara Tower 1, London, 0.0% 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 188, Carrara Tower 1, London, there are an average of 0.2 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.