According to the public record, Flat 1, Montego Court 48, London is a modern leasehold apartment with 1,442 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms with a balcony.
The apartment is in Montego Court, Myrdle Street, London, E1.
Myrdle Street, London, E1 is located in the borough of Tower Hamlets within the E1 postal district.
Flat 1, Montego Court 48, London has 2 entries in the Land Registry database, most recently in February 2016 and a single entry in the EPC database dated April 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 Montego Court 48 London as £794,408 and the rental value as £4,131 per month giving an expected gross yield of 6.2%.
Over the last 12 months the sale value of Flat 1 Montego Court 48 London has decreased by £18,591 (2.3%) and its rental value has increased by £145 per month (3.5%).
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, Montego Court 48, London is in very good condition we estimate a sale value of £834,128 and rental value of £4,338 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £738,799 and a rental value of £3,842 per month.
If you were able to purchase this property for the estimated value of £794,408, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £3,904 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, Montego Court 48, London was last sold on 19 Feb 2016 for £716,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Feb 2016, the market for similar properties has dropped 13.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 1, Montego Court 48, London within a radius of 230 metres over the last 2 years.
The most recent example is 15A, New Road, London, E1 1HE, a Leasehold flat which sold for £735,000 in Sep 2023.
Read more about house prices in E1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Myrdle Street, London, E1 has a total of 156 addresses. According to our analysis of all the public data, Flat 1, Montego Court 48, London is the 3rd largest and the 28th most expensive property on the street.
When compared to the postcode district it is £273k more expensive than the average property in E1.
Flat 1, Montego Court 48, London has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 05 Apr 2021.
The property is connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
The closest station to Flat 1, Montego Court 48, London is Shadwell station which is 500 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, Montego Court 48, London, 86.5% of property is privately rented and 5.6% 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, Montego Court 48, London, 24.7% of residents are recorded as possessing school level qualifications and 50.9% 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, Montego Court 48, 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, Montego Court 48, 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, Montego Court 48, London, there are an average of 0.1 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.