According to the public record, Flat 1, City Lofts 112-116, London is a period leasehold apartment with 871 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in City Lofts, Tabernacle Street, London, EC2.
Tabernacle Street, London, EC2 is located in the borough of Hackney within the EC2 postal district.
Flat 1, City Lofts 112-116, London has 31 entries in the Land Registry database, most recently in February 2012 and a single entry in the EPC database dated May 2019.
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 City Lofts 112-116 London as £886,676 and the rental value as £3,457 per month giving an expected gross yield of 4.7%.
Over the last 12 months the sale value of Flat 1 City Lofts 112-116 London has increased by £58 (0.0%) and its rental value has increased by £175 per month (5.1%).
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, City Lofts 112-116, London is in very good condition we estimate a sale value of £931,010 and rental value of £3,630 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £824,609 and a rental value of £3,215 per month.
If you were able to purchase this property for the estimated value of £886,676, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £4,358 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, City Lofts 112-116, London was last sold on 24 Feb 2012 for £685,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Feb 2012, the market for similar properties has risen 40.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 1, City Lofts 112-116, London within a radius of 260 metres over the last 2 years.
The most recent example is Flat 4, City Lofts 112-116, Tabernacle Street, London, EC2A 4LE, a Leasehold flat which sold for £1,100,000 in Apr 2022.
Read more about house prices in EC2.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Tabernacle Street, London, EC2 has a total of 124 addresses. According to our analysis of all the public data, Flat 1, City Lofts 112-116, London is the 63rd largest and the 71st most expensive property on the street.
When compared to the postcode district it is £66k less expensive than the average property in EC2.
Flat 1, City Lofts 112-116, London has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 04 May 2019.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Room heaters, electric.
The closest station to Flat 1, City Lofts 112-116, London is Old Street station which is 300 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, City Lofts 112-116, London, 75.7% of property is privately rented and 13.0% 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, City Lofts 112-116, London, 38.8% of residents are recorded as possessing school level qualifications and 80.2% 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, City Lofts 112-116, London, the average age was 34.3 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, City Lofts 112-116, London, 4.5% 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, City Lofts 112-116, London, there are an average of 0.2 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.