According to the public record, Flat 12, Iron Works 58, London is a modern apartment with 947 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms with a balcony.
The apartment is in Iron Works, Dace Road, London, E3.
Dace Road, London, E3 is located in the borough of Tower Hamlets within the E3 postal district.
Flat 12, Iron Works 58, London has no recent1 records in the Land Registry database and a single entry in the EPC database dated February 2022.
We combine this information with public data 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 Iron Works 58 London as £480,820 and the rental value as £2,877 per month giving an expected gross yield of 7.2%.
Over the last 12 months the sale value of Flat 12 Iron Works 58 London has decreased by £8,681 (1.8%) and its rental value has increased by £60 per month (2.1%).
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 12, Iron Works 58, London is in very good condition we estimate a sale value of £504,861 and rental value of £3,021 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £447,163 and a rental value of £2,676 per month.
If you were able to purchase this property for the estimated value of £480,820, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,363 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, Iron Works 58, London was last sold on 14 Sep 2005 for £256,500 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 12, Iron Works 58, London within a radius of 390 metres over the last 2 years.
The most recent example is Flat G02, Ink Court 419, Wick Lane, London, E3 2PW, a Leasehold flat which sold for £486,749 in Mar 2024.
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 within a 390 metres radius of Flat 12, Iron Works 58, London over the last 2 years.
Most recently Flat 201, Ink Court 419, Wick Lane, London, E3 2PX, a Leasehold flat let by Saint Andrews Bureau in Feb 2023.
Dace Road, London, E3 has a total of 139 addresses. According to our analysis of all the public data, Flat 12, Iron Works 58, London is the 52nd largest and the 56th most expensive property on the street.
When compared to the postcode district it is £41k more expensive than the average property in E3.
Flat 12, Iron Works 58, London has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 02 Feb 2022.
The property is not connected to mains gas and has fully double glazed windows. It is heated using elecric underfloor heating.
The closest station to Flat 12, Iron Works 58, London is Pudding Mill Lane station which is 700 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 12, Iron Works 58, London, 34.7% of property is socially rented and 32.2% 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 12, Iron Works 58, London, 24.9% of residents are recorded as possessing school level qualifications and 55.1% 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, Iron Works 58, London, the average age was 32.7 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 12, Iron Works 58, London, 1.2% 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, Iron Works 58, London, there are an average of 0.5 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.