According to the public record, Flat 10, Island House, London is a modern leasehold apartment with 838 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms with a balcony.
The apartment is in Island House, Three Mill Lane, London, E3.
Three Mill Lane, London, E3 is located in the borough of Newham within the E3 postal district.
Flat 10, Island House, London has 21 entries in the Land Registry database, most recently in October 2009 and a single entry in the EPC database dated June 2009.
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 10 Island House London as £587,231 and the rental value as £2,816 per month giving an expected gross yield of 5.8%.
Over the last 12 months the sale value of Flat 10 Island House London has decreased by £4,314 (0.7%) and its rental value has increased by £88 per month (3.1%).
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 10, Island House, London is in very good condition we estimate a sale value of £616,593 and rental value of £2,957 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £546,125 and a rental value of £2,619 per month.
If you were able to purchase this property for the estimated value of £587,231, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,886 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 10, Island House, London was last sold on 02 Oct 2009 for £315,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Oct 2009, the market for similar properties has risen 61.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 10, Island House, London within a radius of 420 metres over the last 2 years.
The most recent example is Flat 33, Island House, Three Mill Lane, London, E3 3AF, a Leasehold flat which sold for £545,000 in Feb 2020.
Read more about house prices in E3.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Our network of Estate Agents report 1 let of a property similar to Flat 10, Island House, London within a radius of 420 metres over the last 2 years.
Most recently Flat 1, Island House, Three Mill Lane, London, E3 3AF, a Leasehold flat let by London Property Management in Jul 2021.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Three Mill Lane, London, E3 has a total of 71 addresses. According to our analysis of all the public data, Flat 10, Island House, London is the 46th largest and the 46th most expensive property on the street.
When compared to the postcode district it is £147k more expensive than the average property in E3.
Flat 10, Island House, London has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 16 Jun 2009.
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 10, Island House, London is Bromley-by-Bow station which is 400 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 10, Island House, London, 65.8% of property is privately rented and 17.1% is privately owned outright.
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 10, Island House, London, 33.0% of residents are recorded as possessing school level qualifications and 46.3% 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 10, Island House, London, the average age was 33.6 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 10, Island House, London, 1.4% 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 10, Island House, 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.