According to the public record, Flat 1404, 12, Western Gateway, London is a modern leasehold apartment with 1,044 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms with a balcony.
The apartment is in 12, Western Gateway, London, E16.
Western Gateway, London, E16 is located in the borough of Newham within the E16 postal district.
Flat 1404, 12, Western Gateway, London has a single entry in the Land Registry database from September 2019 and a single entry in the EPC database dated September 2018.
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 1404 12 Western Gateway London as £658,067 and the rental value as £2,945 per month giving an expected gross yield of 5.4%.
Over the last 12 months the sale value of Flat 1404 12 Western Gateway London has decreased by £14,002 (2.1%) and its rental value has increased by £51 per month (1.7%).
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 1404, 12, Western Gateway, London is in very good condition we estimate a sale value of £690,971 and rental value of £3,092 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £612,003 and a rental value of £2,739 per month.
If you were able to purchase this property for the estimated value of £658,067, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £3,234 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 1404, 12, Western Gateway, London was last sold on 13 Sep 2019 for £640,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Sep 2019, the market for similar properties has dropped 2.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 1404, 12, Western Gateway, London within a radius of 360 metres over the last 2 years.
The most recent example is Flat 1601, 12, Western Gateway, London, E16 1YY, a Leasehold flat which sold for £772,800 in Feb 2020.
Read more about house prices in E16.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Western Gateway, London, E16 has a total of 1398 addresses. According to our analysis of all the public data, Flat 1404, 12, Western Gateway, London is the 181st largest and the 57th most expensive property on the street.
When compared to the postcode district it is £270k more expensive than the average property in E16.
Flat 1404, 12, Western Gateway, London has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 18 Sep 2018.
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 1404, 12, Western Gateway, London is Royal Victoria 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 1404, 12, Western Gateway, London, 53.2% of property is socially rented and 28.1% 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 1404, 12, Western Gateway, London, 34.1% of residents are recorded as possessing school level qualifications and 45.9% 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 1404, 12, Western Gateway, London, the average age was 33.3 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 1404, 12, Western Gateway, 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 1404, 12, Western Gateway, London, there are an average of 0.6 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.