According to the public record, Flat 12, Mercury Court, London is a modern leasehold apartment with 667 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a balcony.
The apartment is in Mercury Court, Homer Drive, London, E14.
Homer Drive, London, E14 is located in the borough of Tower Hamlets within the E14 postal district.
Flat 12, Mercury Court, London has 51 entries in the Land Registry database, most recently in May 2021 and a single entry in the EPC database dated October 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 Mercury Court London as £375,441 and the rental value as £2,005 per month giving an expected gross yield of 6.4%.
Over the last 12 months the sale value of Flat 12 Mercury Court London has increased by £776 (0.2%) and its rental value has increased by £45 per month (2.2%).
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, Mercury Court, London is in very good condition we estimate a sale value of £394,214 and rental value of £2,106 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £349,161 and a rental value of £1,865 per month.
If you were able to purchase this property for the estimated value of £375,441, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,845 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, Mercury Court, London was last sold on 21 May 2021 for £380,000 and was recorded as a leasehold flat.
The property has had 5 sales since 1995.
Since May 2021, the market for similar properties has dropped 3.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 12, Mercury Court, London within a radius of 370 metres over the last 2 years.
The most recent example is Flat 12, Galaxy Building 5, Crews Street, London, E14 3SP, a Leasehold flat which sold for £330,000 in Apr 2024.
Read more about house prices in E14.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Homer Drive, London, E14 has a total of 172 addresses. According to our analysis of all the public data, Flat 12, Mercury Court, London is the 88th largest and the 111th most expensive property on the street.
When compared to the postcode district it is £109k less expensive than the average property in E14.
Flat 12, Mercury Court, London has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 16 Oct 2020.
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, Mercury Court, London is Mudchute station which is 800 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, Mercury Court, London, 44.4% of property is privately rented and 42.9% 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 12, Mercury Court, London, 8.1% of residents are recorded as possessing school level qualifications and 75.4% 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, Mercury Court, London, the average age was 32.8 and the most common age was 32.
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, Mercury Court, London, 3.2% 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, Mercury Court, London, there are an average of 0.6 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.