According to the public record, Flat 1, 31, Mahindra Way, London is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a modern apartment with 571 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in 31, Mahindra Way, London, E6.
Mahindra Way, London, E6 is located in the borough of Newham within the E6 postal district.
Flat 1, 31, Mahindra Way, London has a single entry in the Land Registry database from March 2022 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 Flat 1 31 Mahindra Way London as £301,034 and the rental value as £1,861 per month giving an expected gross yield of 7.4%.
Over the last 12 months the sale value of Flat 1 31 Mahindra Way London has increased by £7,215 (2.4%) and its rental value has increased by £79 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 Flat 1, 31, Mahindra Way, London is in very good condition we estimate a sale value of £316,086 and rental value of £1,954 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £279,962 and a rental value of £1,731 per month.
If you were able to purchase this property for the estimated value of £301,034, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,479 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, 31, Mahindra Way, London was last sold on 23 Mar 2022 for £280,500 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Mar 2022, the market for similar properties has risen 0.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 1, 31, Mahindra Way, London within a radius of 470 metres over the last 2 years.
The most recent example is Flat 2, 24, Mahindra Way, London, E6 5AR, a Leasehold flat which sold for £298,000 in Nov 2022.
Read more about house prices in E6.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Mahindra Way, London, E6 has a total of 372 addresses. According to our analysis of all the public data, Flat 1, 31, Mahindra Way, London is the 301st largest and the 309th most expensive property on the street.
When compared to the postcode district it is £90k less expensive than the average property in E6.
The closest station to Flat 1, 31, Mahindra Way, London is Beckton station which is 1.1 kilometres 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, 31, Mahindra Way, London, 32.4% of property is privately owned with a mortgage and 30.4% 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, 31, Mahindra Way, London, 16.0% of residents are recorded as possessing school level qualifications and 48.6% 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 Flat 1, 31, Mahindra Way, London, the average age was 34.6 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, 31, Mahindra Way, 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, 31, Mahindra Way, London, there are an average of 0.7 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.