According to the public record, Flat 12, 40, Bacon Street, London is a modern leasehold apartment and with 753 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a balcony.
The apartment is in 40, Bacon Street, London, E2.
Bacon Street, London, E2 is located in the borough of Tower Hamlets within the E2 postal district.
Flat 12, 40, Bacon Street, London has 21 entries in the Land Registry database, most recently in November 2022 and 3 entries in the EPC database, most recently in November 2020.
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 12 40 Bacon Street London as £625,622 and the rental value as £2,735 per month giving an expected gross yield of 5.2%.
Over the last 12 months the sale value of Flat 12 40 Bacon Street London has decreased by £3,097 (0.5%) and its rental value has increased by £102 per month (3.7%).
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 12, 40, Bacon Street, London is in very good condition we estimate a sale value of £656,903 and rental value of £2,872 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £581,828 and a rental value of £2,544 per month.
If you were able to purchase this property for the estimated value of £625,622, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £3,075 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 12, 40, Bacon Street, London was last sold on 21 Nov 2022 for £670,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Nov 2022, the market for similar properties has risen 0.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 12, 40, Bacon Street, London within a radius of 79m over the last 2 years.
The most recent example is Flat 2, 40, Bacon Street, London, E2 6DY, a Leasehold flat which sold for £595,000 in Aug 2023.
Read more about house prices in E2.
Our network of Estate Agents report 2 lets of properties similar to Flat 12, 40, Bacon Street, London within a radius of 189m over the last 2 years.
Most recently 45, Fuller Close, London, E2 6DX, a Leasehold flat let by Saint Andrews Bureau for an undisclosed amount in Dec 2023.
Bacon Street, London, E2 has a total of 62 addresses. According to our analysis of all the public data, Flat 12, 40, Bacon Street, London is the 24th largest and the 21st most expensive property on the street.
When compared to the postcode district it is £114k more expensive than the average property in E2.
Flat 12, 40, Bacon Street, London has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 17 Nov 2020.
The property is not connected to mains gas and has fully double glazed windows. It is heated using a community scheme.
The closest station to Flat 12, 40, Bacon Street, London is Shoreditch High Street station which is 400 m 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 12, 40, Bacon Street, London, 84.0% of property is privately rented and 8.5% 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 12, 40, Bacon Street, London, 8.4% of residents are recorded as possessing school level qualifications and 72.3% 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 12, 40, Bacon Street, London, the average age was 32.1 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 12, 40, Bacon Street, 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 12, 40, Bacon Street, 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.