According to the public record, Flat 1, Emerson Building 3, London is a modern leasehold apartment with 667 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in Emerson Building, Gladstone Place, London, E3.
Gladstone Place, London, E3 is located in the borough of Tower Hamlets within the E3 postal district.
Flat 1, Emerson Building 3, London has a single entry in the Land Registry database from April 2010 and a single entry in the EPC database dated January 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 Emerson Building 3 London as £438,952 and the rental value as £2,221 per month giving an expected gross yield of 6.1%.
Over the last 12 months the sale value of Flat 1 Emerson Building 3 London has decreased by £3,394 (0.8%) and its rental value has increased by £75 per month (3.4%).
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, Emerson Building 3, London is in very good condition we estimate a sale value of £460,900 and rental value of £2,332 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £408,225 and a rental value of £2,065 per month.
If you were able to purchase this property for the estimated value of £438,952, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,157 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, Emerson Building 3, London was last sold on 23 Apr 2010 for £100,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Apr 2010, the market for similar properties has risen 53.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 1, Emerson Building 3, London within a radius of 250 metres over the last 2 years.
The most recent example is Flat 408, Clement Attlee House 61, Cardigan Road, London, E3 5GH, a Leasehold flat which sold for £445,000 in Mar 2024.
Read more about house prices in E3.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Gladstone Place, London, E3 has a total of 14 addresses. According to our analysis of all the public data, Flat 1, Emerson Building 3, London is the 8th largest and the 8th most expensive property on the street.
When compared to the postcode district it is £943 less expensive than the average property in E3.
Flat 1, Emerson Building 3, London has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 05 Jan 2021.
The property is not connected to mains gas and has fully double glazed windows. It is heated using electric storage heaters.
The closest station to Flat 1, Emerson Building 3, London is Bow Road station which is 700 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, Emerson Building 3, London, 42.3% of property is privately rented and 39.0% 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, Emerson Building 3, London, 20.5% of residents are recorded as possessing school level qualifications and 41.6% 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, Emerson Building 3, London, the average age was 33.6 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, Emerson Building 3, London, 0.2% 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, Emerson Building 3, 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.