According to the public record, Flat 1, Orchid Apartments 57, London is a modern leasehold apartment with 936 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms with a balcony.
The apartment is in Orchid Apartments, Crowder Street, London, E1.
Crowder Street, London, E1 is located in the borough of Tower Hamlets within the E1 postal district.
Flat 1, Orchid Apartments 57, London has 2 entries in the Land Registry database, most recently in September 2022 and a single entry in the EPC database dated August 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 Orchid Apartments 57 London as £503,160 and the rental value as £2,922 per month giving an expected gross yield of 7%.
Over the last 12 months the sale value of Flat 1 Orchid Apartments 57 London has decreased by £11,766 (2.3%) and its rental value has increased by £103 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, Orchid Apartments 57, London is in very good condition we estimate a sale value of £528,318 and rental value of £3,068 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £467,939 and a rental value of £2,718 per month.
If you were able to purchase this property for the estimated value of £503,160, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,473 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, Orchid Apartments 57, London was last sold on 30 Sep 2022 for £568,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Sep 2022, the market for similar properties has dropped 3.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 1, Orchid Apartments 57, London within a radius of 290 metres over the last 2 years.
The most recent example is Flat 6, Orchid Apartments 57, Crowder Street, London, E1 0EZ, a Leasehold flat which sold for £618,000 in May 2023.
Read more about house prices in E1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Crowder Street, London, E1 has a total of 139 addresses. According to our analysis of all the public data, Flat 1, Orchid Apartments 57, London is the 13th largest and the 12th most expensive property on the street.
When compared to the postcode district it is £19k less expensive than the average property in E1.
Flat 1, Orchid Apartments 57, London has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 26 Aug 2022.
The property is connected to mains gas and has fully double glazed windows. It is heated using a boiler with both radiators and underfloor heating.
The closest station to Flat 1, Orchid Apartments 57, London is Shadwell 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, Orchid Apartments 57, London, 52.4% of property is privately rented and 27.7% 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, Orchid Apartments 57, London, 28.3% of residents are recorded as possessing school level qualifications and 47.3% 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, Orchid Apartments 57, London, the average age was 32.5 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, Orchid Apartments 57, London, 0.7% 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, Orchid Apartments 57, London, there are an average of 0.3 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.