According to the public record, Flat 131, Stratosphere Tower 55, London is a modern leasehold apartment with 785 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in Stratosphere Tower, Great Eastern Road, London, E15.
Great Eastern Road, London, E15 is located in the borough of Newham within the E15 postal district.
Flat 131, Stratosphere Tower 55, London has a single entry in the Land Registry database from March 2018 and a single entry in the EPC database dated October 2017.
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 131 Stratosphere Tower 55 London as £557,828 and the rental value as £2,784 per month giving an expected gross yield of 6%.
Over the last 12 months the sale value of Flat 131 Stratosphere Tower 55 London has increased by £9,211 (1.7%) and its rental value has increased by £97 per month (3.5%).
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 131, Stratosphere Tower 55, London is in very good condition we estimate a sale value of £585,719 and rental value of £2,923 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £518,780 and a rental value of £2,589 per month.
If you were able to purchase this property for the estimated value of £557,828, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,742 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 131, Stratosphere Tower 55, London was last sold on 01 Mar 2018 for £509,425 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Mar 2018, the market for similar properties has risen 2.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 131, Stratosphere Tower 55, London within a radius of 340 metres over the last 2 years.
The most recent example is Flat 183, Stratosphere Tower 55, Great Eastern Road, London, E15 1DS, a Leasehold flat which sold for £588,000 in Dec 2023.
Read more about house prices in E15.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Our network of Estate Agents report 2 lets within a 340 metres radius of Flat 131, Stratosphere Tower 55, London over the last 2 years.
Most recently Flat 33, Legacy Tower 88, Great Eastern Road, London, E15 1DE, a Leasehold flat let by Saint Andrews Bureau in Nov 2023.
Great Eastern Road, London, E15 has a total of 564 addresses. According to our analysis of all the public data, Flat 131, Stratosphere Tower 55, London is the 195th largest and the 172nd most expensive property on the street.
When compared to the postcode district it is £119k more expensive than the average property in E15.
Flat 131, Stratosphere Tower 55, London has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 18 Oct 2017.
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 131, Stratosphere Tower 55, London is Stratford High Street station which is 300 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 131, Stratosphere Tower 55, London, 76.3% of property is socially rented and 9.7% 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 131, Stratosphere Tower 55, London, 27.5% of residents are recorded as possessing school level qualifications and 39.1% 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 131, Stratosphere Tower 55, London, the average age was 33.6 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 131, Stratosphere Tower 55, 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 131, Stratosphere Tower 55, London, there are an average of 0.4 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.