According to the public record, Apartment 8, 323, Morville Street, London is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a modern apartment with 919 ft2 of internal area and a balcony.
Apartments of this size in this area normally have 3 bedrooms.
The apartment is in 323, Morville Street, London, E3.
Morville Street, London, E3 is located in the borough of Tower Hamlets within the E3 postal district.
Apartment 8, 323, Morville Street, London has a single entry in the Land Registry database from May 2021 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
Based on public information available, and assuming the property is in good condition, we estimate the current sale value for Apartment 8 323 Morville Street London as £645,297 and the rental value as £3,222 per month giving an expected gross yield of 6%.
Over the last 12 months the sale value of Apartment 8 323 Morville Street London has decreased by £13,503 (2.1%) and its rental value has increased by £65 per month (2.0%).
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 8, 323, Morville Street, London is in very good condition we estimate a sale value of £677,562 and rental value of £3,383 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £600,126 and a rental value of £2,996 per month.
If you were able to purchase this property for the estimated value of £645,297, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £3,171 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 8, 323, Morville Street, London was last sold on 28 May 2021 for £640,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since May 2021, the market for similar properties has dropped 2.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Apartment 8, 323, Morville Street, London within a radius of 220 metres over the last 2 years.
The most recent example is Flat 4 Arlington Building, Bow Quarter 60, Fairfield Road, London, E3 2UB, a Leasehold flat which sold for £600,000 in Mar 2024.
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 8, 323, Morville Street, London is the 20th largest and the 13th most expensive property on the street.
When compared to the postcode district it is £205k more expensive than the average property in E3.
The closest station to Apartment 8, 323, 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 8, 323, 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 8, 323, 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 8, 323, 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 8, 323, 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 8, 323, 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.