According to the public record, 9B, Spencer Road, London is a period leasehold apartment with 570 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in 9, Spencer Road, London, E6.
Spencer Road, London, E6 is located in the borough of Newham within the E6 postal district.
9B, Spencer Road, London has a single entry in the Land Registry database from March 2017 and a single entry in the EPC database dated January 2017.
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 9B Spencer Road London as £276,911 and the rental value as £1,807 per month giving an expected gross yield of 7.8%.
Over the last 12 months the sale value of 9B Spencer Road London has increased by £7,409 (2.7%) and its rental value has increased by £78 per month (4.3%).
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 9B, Spencer Road, London is in very good condition we estimate a sale value of £290,756 and rental value of £1,898 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £257,527 and a rental value of £1,681 per month.
If you were able to purchase this property for the estimated value of £276,911, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,361 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, 9B, Spencer Road, London was last sold on 27 Mar 2017 for £290,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Mar 2017, the market for similar properties has risen 9.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 9B, Spencer Road, London within a radius of 330 metres over the last 2 years.
The most recent example is 10A, Oakfield Road, London, E6 1LW, a Leasehold flat which sold for £260,000 in Sep 2023.
Read more about house prices in E6.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Spencer Road, London, E6 has a total of 48 addresses. According to our analysis of all the public data, 9B, Spencer Road, London is the 35th largest and the 36th most expensive property on the street.
When compared to the postcode district it is £114k less expensive than the average property in E6.
9B, Spencer Road, London has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 19 Jan 2017.
The property is connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
The closest station to 9B, Spencer Road, London is East Ham station which is 600 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 9B, Spencer Road, London, 59.1% of property is privately rented and 16.1% is privately owned outright.
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 9B, Spencer Road, London, 27.2% of residents are recorded as possessing school level qualifications and 25.4% 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 9B, Spencer Road, London, the average age was 32.5 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 9B, Spencer Road, London, 1.6% 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 9B, Spencer Road, 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.