According to the public record, Flat 16, Novello House, London is a modern leasehold apartment and with 538 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in Novello House, Bridport Place, London, N1.
Bridport Place, London, N1 is located in the borough of Hackney within the N1 postal district.
Flat 16, Novello House, London has 2 entries in the Land Registry database, most recently in September 2022 and 2 entries in the EPC database, most recently in May 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 good condition, we estimate the current sale value for Flat 16 Novello House London as £533,492 and the rental value as £2,508 per month giving an expected gross yield of 5.6%.
Over the last 12 months the sale value of Flat 16 Novello House London has decreased by £335 (0.1%) and its rental value has increased by £173 per month (6.9%).
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 16, Novello House, London is in very good condition we estimate a sale value of £560,167 and rental value of £2,633 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £496,148 and a rental value of £2,332 per month.
If you were able to purchase this property for the estimated value of £533,492, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,622 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 16, Novello House, London was last sold on 29 Sep 2022 for £530,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Sep 2022, the market for similar properties has risen 0.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 16, Novello House, London within a radius of 0m over the last 2 years.
The most recent example is Flat 14, Novello House, Bridport Place, London, N1 5FS, a Leasehold flat which sold for £121,250 in Dec 2023.
Read more about house prices in N1.
Our network of Estate Agents report 1 let of a property similar to Flat 16, Novello House, London within a radius of 100m over the last 2 years.
Most recently Flat 1, Duo Tower, Penn Street, London, N1 5FF, a Leasehold flat let by London Property Management for an undisclosed amount in Aug 2021.
Bridport Place, London, N1 has a total of 154 addresses. According to our analysis of all the public data, Flat 16, Novello House, London is the 131st largest and the 82nd most expensive property on the street.
When compared to the postcode district it is £203k less expensive than the average property in N1.
Flat 16, Novello House, London has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 11 May 2021.
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 16, Novello House, London is Haggerston station which is 800 m 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 16, Novello House, London, 70.3% of property is socially rented and 20.8% 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 16, Novello House, London, 27.6% of residents are recorded as possessing school level qualifications and 38.6% 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 16, Novello House, London, the average age was 34.5 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 16, Novello House, 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 16, Novello House, 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.