According to the public record, Flat 1, 24, Sprowston Road, London is a modern leasehold apartment with 710 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in 24, Sprowston Road, London, E7.
Sprowston Road, London, E7 is located in the borough of Newham within the E7 postal district.
Flat 1, 24, Sprowston Road, London has a single entry in the Land Registry database from April 2023 and a single entry in the EPC database dated February 2018.
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 Flat 1 24 Sprowston Road London as £395,936 and the rental value as £1,944 per month giving an expected gross yield of 5.9%.
Over the last 12 months the sale value of Flat 1 24 Sprowston Road London has increased by £10,969 (2.8%) and its rental value has increased by £74 per month (3.8%).
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 Flat 1, 24, Sprowston Road, London is in very good condition we estimate a sale value of £415,733 and rental value of £2,041 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £368,221 and a rental value of £1,808 per month.
If you were able to purchase this property for the estimated value of £395,936, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,946 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, Flat 1, 24, Sprowston Road, London was last sold on 26 Apr 2023 for £400,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Apr 2023, the market for similar properties has risen 0.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 1, 24, Sprowston Road, London within a radius of 370 metres over the last 2 years.
The most recent example is Flat 9, 2G, Vale Road, London, E7 8FE, a Leasehold flat which sold for £365,000 in Mar 2023.
Read more about house prices in E7.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Sprowston Road, London, E7 has a total of 66 addresses. According to our analysis of all the public data, Flat 1, 24, Sprowston Road, London is the 38th largest and the 40th most expensive property on the street.
When compared to the postcode district it is £98k less expensive than the average property in E7.
Flat 1, 24, Sprowston Road, London has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 18 Feb 2018.
The property is not connected to mains gas and has high performance glazing. It is heated using a boiler and radiators.
The closest station to Flat 1, 24, Sprowston Road, London is Forest Gate station which is 200 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 Flat 1, 24, Sprowston Road, London, 63.3% of property is privately rented and 18.4% is socially 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 Flat 1, 24, Sprowston Road, London, 15.6% of residents are recorded as possessing school level qualifications and 37.3% 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 Flat 1, 24, Sprowston Road, London, the average age was 33 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 Flat 1, 24, Sprowston Road, London, 0.4% 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 Flat 1, 24, Sprowston 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.