According to the public record, Flat 1504, Heritage Tower 118, London is a modern leasehold apartment with 1,205 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms with a balcony.
The apartment is in Heritage Tower, East Ferry Road, London, E14.
East Ferry Road, London, E14 is located in the borough of Tower Hamlets within the E14 postal district.
Flat 1504, Heritage Tower 118, London has a single entry in the Land Registry database from March 2019 and a single entry in the EPC database dated November 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 1504 Heritage Tower 118 London as £847,543 and the rental value as £3,996 per month giving an expected gross yield of 5.7%.
Over the last 12 months the sale value of Flat 1504 Heritage Tower 118 London has increased by £22,567 (2.7%) and its rental value has increased by £129 per month (3.2%).
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 1504, Heritage Tower 118, London is in very good condition we estimate a sale value of £889,920 and rental value of £4,196 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £788,215 and a rental value of £3,716 per month.
If you were able to purchase this property for the estimated value of £847,543, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £4,165 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 1504, Heritage Tower 118, London was last sold on 22 Mar 2019 for £775,625 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Mar 2019, the market for similar properties has dropped 0.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 1504, Heritage Tower 118, London within a radius of 190 metres over the last 2 years.
The most recent example is Flat 1404, Heritage Tower 118, East Ferry Road, London, E14 3NW, a Leasehold flat which sold for £792,000 in Jul 2019.
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 within a 190 metres radius of Flat 1504, Heritage Tower 118, London over the last 2 years.
Most recently Apartment 2402, Arena Tower 25, Crossharbour Plaza, London, E14 9SS, a Leasehold flat let by Saint Andrews Bureau in Nov 2022.
East Ferry Road, London, E14 has a total of 464 addresses. According to our analysis of all the public data, Flat 1504, Heritage Tower 118, London is the 24th largest and the 9th most expensive property on the street.
When compared to the postcode district it is £363k more expensive than the average property in E14.
Flat 1504, Heritage Tower 118, London has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 05 Nov 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 1504, Heritage Tower 118, London is Crossharbour station which is 100 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 1504, Heritage Tower 118, London, 52.2% of property is privately rented and 29.9% is socially 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 1504, Heritage Tower 118, London, 9.2% of residents are recorded as possessing school level qualifications and 72.9% 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 1504, Heritage Tower 118, 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 1504, Heritage Tower 118, London, 1.2% 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 1504, Heritage Tower 118, 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.