As updated by London Property Management in Jun 2021, Flat 124, Omega Works 4, London is a modern leasehold apartment with 861 ft2 of internal area comprising 3 bedrooms .
This property has a long lease.
The apartment is in Omega Works, Roach Road, London, E3.
Roach Road, London, E3 is located in the borough of Tower Hamlets within the E3 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 124 Omega Works 4 London as £469,794 and the rental value as £2,603 per month giving an expected gross yield of 6.6%.
London Property Management described the decorative condition as fair in Jun 2021.
Over the last 12 months the sale value of Flat 124 Omega Works 4 London has decreased by £762 (0.2%) and its rental value has increased by £87 per month (3.3%).
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 124, Omega Works 4, London is in very good condition we estimate a sale value of £493,284 and rental value of £2,733 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £436,909 and a rental value of £2,421 per month.
If you were able to purchase this property for the estimated value of £469,794, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,309 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 London Property Management , Flat 124, Omega Works 4, London was let once since 2021 with the latest being in Jun 2021 for an undisclosed price.
Since Jun 2021, the market values of similar properties has risen 42.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 124, Omega Works 4, London within a radius of 420 metres over the last 2 years.
The most recent example is Unit 303, Omega Works 4, Roach Road, London, E3 2GZ, a Leasehold flat which sold for £585,000 in Jun 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 of a property similar to Flat 124, Omega Works 4, London within a radius of 420 metres over the last 2 years.
Most recently Flat 123A, Omega Works 4, Roach Road, London, E3 2GY, a Leasehold flat let by London Property Management in Mar 2021.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Roach Road, London, E3 has a total of 300 addresses. According to our analysis of all the public data, Flat 124, Omega Works 4, London is the 204th largest and the 232nd most expensive property on the street.
When compared to the postcode district it is £30k more expensive than the average property in E3.
The closest station to Flat 124, Omega Works 4, London is Hackney Wick 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 124, Omega Works 4, London, 58.8% of property is privately rented and 21.3% 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 124, Omega Works 4, London, 7.1% of residents are recorded as possessing school level qualifications and 80.6% 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 124, Omega Works 4, London, the average age was 33.6 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 124, Omega Works 4, London, 0.6% 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 124, Omega Works 4, 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.