As updated by London Property Management in Sep 2021, Flat 1201, Defoe House 123, London is a modern 992 year lease studio apartment with 431 ft2 of internal area with a balcony.
There are 992 years remaining on the lease.
The apartment is in Defoe House, City Island Way, London, E14.
City Island Way, London, E14 is located in the borough of Tower Hamlets within the E14 postal district.
Based on both the data supplied by London Property Management and the public information available in the area, we estimate the current sale value for Flat 1201 Defoe House 123 London as £372,468 and the rental value as £1,720 per month giving an expected gross yield of 5.5%.
London Property Management described the decorative condition as good in Sep 2021.
Over the last 12 months the sale value of Flat 1201 Defoe House 123 London has increased by £1,768 (0.5%) and its rental value has increased by £46 per month (2.7%).
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 1201, Defoe House 123, London is in very good condition we estimate a sale value of £391,091 and rental value of £1,806 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £346,395 and a rental value of £1,599 per month.
If you were able to purchase this property for the estimated value of £372,468, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,831 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 1201, Defoe House 123, London was last sold on 11 Mar 2020 for £404,250 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Mar 2020, the market for similar properties has dropped 3.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 1201, Defoe House 123, London within a radius of 220 metres over the last 2 years.
The most recent example is Flat 704, Amelia House 41, Lyell Street, London, E14 0SS, a Leasehold flat which sold for £355,000 in Mar 2024.
Read more about house prices in E14.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Our network of Estate Agents report 3 lets of properties similar to Flat 1201, Defoe House 123, London within a radius of 220 metres over the last 2 years.
Most recently Flat 404, Amelia House 41, Lyell Street, London, E14 0SS, a Leasehold flat let by London Property Management in Jan 2022.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
City Island Way, London, E14 has a total of 601 addresses. According to our analysis of all the public data, Flat 1201, Defoe House 123, London is the 508th largest and the 572nd most expensive property on the street.
When compared to the postcode district it is £112k less expensive than the average property in E14.
Flat 1201, Defoe House 123, London has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 11 Sep 2019.
The property is not connected to mains gas and has high performance glazing. It is heated using a community scheme.
The closest station to Flat 1201, Defoe House 123, London is East India 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 1201, Defoe House 123, London, 73.0% of property is privately rented and 21.0% 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 1201, Defoe House 123, London, 14.4% of residents are recorded as possessing school level qualifications and 73.7% 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 1201, Defoe House 123, London, the average age was 37.5 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 1201, Defoe House 123, 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 1201, Defoe House 123, London, there are an average of 0.3 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.