According to the public record, Flat 1, Gilbert House, London is a mid-century leasehold apartment with 398 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom.
The apartment is in Gilbert House, Usk Street, London, E2.
Usk Street, London, E2 is located in the borough of Tower Hamlets within the E2 postal district.
Flat 1, Gilbert House, London has a single entry in the Land Registry database from November 2012 and a single entry in the EPC database dated February 2022.
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 Gilbert House London as £238,976 and the rental value as £1,332 per month giving an expected gross yield of 6.7%.
Over the last 12 months the sale value of Flat 1 Gilbert House London has increased by £1,521 (0.6%) and its rental value has increased by £61 per month (4.6%).
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, Gilbert House, London is in very good condition we estimate a sale value of £250,925 and rental value of £1,399 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £222,248 and a rental value of £1,239 per month.
If you were able to purchase this property for the estimated value of £238,976, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,174 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, Gilbert House, London was last sold on 26 Nov 2012 for £155,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Nov 2012, the market for similar properties has risen 55.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 1, Gilbert House, London within a radius of 280 metres over the last 2 years.
The most recent example is Flat 27, Doric House, Mace Street, London, E2 0RE, a Leasehold flat which sold for £225,000 in Oct 2021.
Read more about house prices in E2.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Our network of Estate Agents report 1 let within a 280 metres radius of Flat 1, Gilbert House, London over the last 2 years.
Most recently Flat 11, Rathnew Court 5, Meath Crescent, London, E2 0QG, a Leasehold flat let by London Property Management in Jul 2021.
Usk Street, London, E2 has a total of 96 addresses. According to our analysis of all the public data, Flat 1, Gilbert House, London is the 95th largest and the 95th most expensive property on the street.
When compared to the postcode district it is £273k less expensive than the average property in E2.
Flat 1, Gilbert House, London has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 25 Feb 2022.
The property is connected to mains gas and has partial double glazing. It is heated using a boiler and radiators.
The closest station to Flat 1, Gilbert House, London is Bethnal Green station which is 600 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, Gilbert House, London, 51.0% of property is socially rented and 24.5% is privately 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, Gilbert House, London, 22.1% of residents are recorded as possessing school level qualifications and 50.6% 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, Gilbert House, London, the average age was 29.4 and the most common age was 17.
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, Gilbert House, London, 0.0% 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, Gilbert House, 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.