According to the public record, Flat 1, 32, Newark Street, London is a period leasehold apartment with 753 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a garden.
The apartment is in 32, Newark Street, London, E1.
Newark Street, London, E1 is located in the borough of Tower Hamlets within the E1 postal district.
Flat 1, 32, Newark Street, London has a single entry in the Land Registry database from February 2007 and a single entry in the EPC database dated November 2021.
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 32 Newark Street London as £440,031 and the rental value as £2,565 per month giving an expected gross yield of 7%.
Over the last 12 months the sale value of Flat 1 32 Newark Street London has decreased by £7,555 (1.7%) and its rental value has increased by £108 per month (4.2%).
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, 32, Newark Street, London is in very good condition we estimate a sale value of £462,033 and rental value of £2,694 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £409,229 and a rental value of £2,386 per month.
If you were able to purchase this property for the estimated value of £440,031, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,163 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, 32, Newark Street, London was last sold on 09 Feb 2007 for £1,020,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Feb 2007, the market for similar properties has risen 61.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 1, 32, Newark Street, London within a radius of 280 metres over the last 2 years.
The most recent example is Flat 1, Wilton Court, Cavell Street, London, E1 2BN, a Leasehold flat which sold for £480,000 in Jan 2024.
Read more about house prices in E1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Newark Street, London, E1 has a total of 75 addresses. According to our analysis of all the public data, Flat 1, 32, Newark Street, London is the 30th largest and the 29th most expensive property on the street.
When compared to the postcode district it is £82k less expensive than the average property in E1.
Flat 1, 32, Newark Street, London has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 17 Nov 2021.
The property is connected to mains gas and has single glazed windows. It is heated using a boiler and radiators.
The closest station to Flat 1, 32, Newark Street, London is Whitechapel station which is 100 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, 32, Newark Street, London, 37.2% of property is privately rented and 25.5% 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 Flat 1, 32, Newark Street, London, 21.5% of residents are recorded as possessing school level qualifications and 59.1% 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, 32, Newark Street, London, the average age was 29.7 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 Flat 1, 32, Newark Street, 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, 32, Newark Street, London, there are an average of 0.5 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.