According to the public record, 78B , Mountgrove Road, London is a period leasehold apartment with 387 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom.
The apartment is in 78, Mountgrove Road, London, N5.
Mountgrove Road, London, N5 is located in the borough of Hackney within the N5 postal district.
78B , Mountgrove Road, London has 51 entries in the Land Registry database, most recently in November 2012 and a single entry in the EPC database dated October 2022.
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 78B Mountgrove Road London as £367,322 and the rental value as £1,723 per month giving an expected gross yield of 5.6%.
Over the last 12 months the sale value of 78B Mountgrove Road London has increased by £5,182 (1.4%) and its rental value has increased by £112 per month (6.5%).
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 78B , Mountgrove Road, London is in very good condition we estimate a sale value of £385,688 and rental value of £1,809 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £341,609 and a rental value of £1,602 per month.
If you were able to purchase this property for the estimated value of £367,322, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,805 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, 78B , Mountgrove Road, London was last sold on 20 Nov 2012 for £249,995 and was recorded as a leasehold flat.
The property has had 5 sales since 1995.
Since Nov 2012, the market for similar properties has risen 47.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 78B , Mountgrove Road, London within a radius of 270 metres over the last 2 years.
The most recent example is 98A, Mountgrove Road, London, N5 2LT, a Leasehold flat which sold for £400,000 in Jan 2021.
Read more about house prices in N5.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Mountgrove Road, London, N5 has a total of 160 addresses. According to our analysis of all the public data, 78B , Mountgrove Road, London is the 149th largest and the 158th most expensive property on the street.
When compared to the postcode district it is £450k less expensive than the average property in N5.
78B , Mountgrove Road, London has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 10 Oct 2022.
The property is connected to mains gas and has single glazed windows. It is heated using a boiler and radiators.
The closest station to 78B , Mountgrove Road, London is Arsenal station which is 700 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 78B , Mountgrove Road, London, 67.4% of property is privately rented and 18.1% 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 78B , Mountgrove Road, London, 12.4% of residents are recorded as possessing school level qualifications and 75.6% 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 78B , Mountgrove Road, London, the average age was 34.9 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 78B , Mountgrove Road, London, 2.2% 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 78B , Mountgrove Road, London, there are an average of 0.4 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.