According to the public record, Flat 14, 47, Cherrywood Close, London is a modern leasehold apartment with 678 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a balcony.
The apartment is in 47, Cherrywood Close, London, E3.
Cherrywood Close, London, E3 is located in the borough of Tower Hamlets within the E3 postal district.
Flat 14, 47, Cherrywood Close, London has 2 entries in the Land Registry database, most recently in February 2022 and a single entry in the EPC database dated November 2021.
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 14 47 Cherrywood Close London as £384,392 and the rental value as £2,226 per month giving an expected gross yield of 6.9%.
Over the last 12 months the sale value of Flat 14 47 Cherrywood Close London has decreased by £6,835 (1.8%) and its rental value has increased by £51 per month (2.3%).
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 14, 47, Cherrywood Close, London is in very good condition we estimate a sale value of £403,611 and rental value of £2,337 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £357,484 and a rental value of £2,070 per month.
If you were able to purchase this property for the estimated value of £384,392, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,889 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 14, 47, Cherrywood Close, London was last sold on 14 Feb 2022 for £418,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Feb 2022, the market for similar properties has dropped 2.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 14, 47, Cherrywood Close, London within a radius of 310 metres over the last 2 years.
The most recent example is Flat 13, 47, Cherrywood Close, London, E3 2DQ, a Leasehold flat which sold for £175,000 in Dec 2023.
Read more about house prices in E3.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Cherrywood Close, London, E3 has a total of 74 addresses. According to our analysis of all the public data, Flat 14, 47, Cherrywood Close, London is the 53rd largest and the 55th most expensive property on the street.
When compared to the postcode district it is £56k less expensive than the average property in E3.
Flat 14, 47, Cherrywood Close, London has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 10 Nov 2021.
The property is not connected to mains gas and has fully double glazed windows. It is heated using electric storage heaters.
The closest station to Flat 14, 47, Cherrywood Close, London is Mile End 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 14, 47, Cherrywood Close, London, 40.8% of property is socially rented and 20.1% 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 14, 47, Cherrywood Close, London, 20.1% of residents are recorded as possessing school level qualifications and 52.5% 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 14, 47, Cherrywood Close, 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 14, 47, Cherrywood Close, London, 0.7% 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 14, 47, Cherrywood Close, 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.