According to the public record, Flat 12, The Driftway 182B, London is a period leasehold apartment with 495 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom with a garden.
The apartment is in The Driftway, Grove Road, London, E3.
Grove Road, London, E3 is located in the borough of Tower Hamlets within the E3 postal district.
Flat 12, The Driftway 182B, London has 51 entries in the Land Registry database, most recently in October 2023 and a single entry in the EPC database dated May 2023.
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 The Driftway 182B London as £421,295 and the rental value as £2,003 per month giving an expected gross yield of 5.7%.
Over the last 12 months the sale value of Flat 12 The Driftway 182B London has increased by £2,109 (0.5%) and its rental value has increased by £86 per month (4.3%).
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, The Driftway 182B, London is in very good condition we estimate a sale value of £442,360 and rental value of £2,104 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £391,805 and a rental value of £1,863 per month.
If you were able to purchase this property for the estimated value of £421,295, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,071 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, The Driftway 182B, London was last sold on 20 Oct 2023 for £415,000 and was recorded as a leasehold flat.
The property has had 5 sales since 1995.
Since Oct 2023, the market for similar properties has risen 0.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 12, The Driftway 182B, London within a radius of 320 metres over the last 2 years.
The most recent example is 31, Schoolbell Mews, London, E3 5BZ, a Leasehold flat which sold for £350,000 in Aug 2023.
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 320 metres radius of Flat 12, The Driftway 182B, London over the last 2 years.
Most recently 1A, Vivian Road, London, E3 5RE, a Leasehold flat let by Saint Andrews Bureau in Dec 2022.
Grove Road, London, E3 has a total of 215 addresses. According to our analysis of all the public data, Flat 12, The Driftway 182B, London is the 176th largest and the 129th most expensive property on the street.
When compared to the postcode district it is £19k less expensive than the average property in E3.
Flat 12, The Driftway 182B, London has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 30 May 2023.
The property is connected to mains gas and has single glazed windows. It is heated using a boiler and radiators.
The closest station to Flat 12, The Driftway 182B, London is Mile End 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, The Driftway 182B, London, 34.6% of property is privately rented and 33.0% 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, The Driftway 182B, London, 9.7% of residents are recorded as possessing school level qualifications and 66.5% 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, The Driftway 182B, London, the average age was 34.8 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, The Driftway 182B, London, 0.3% 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, The Driftway 182B, 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.