According to the public record, Flat 172, Residence Tower, London is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a modern apartment with 721 ft2 of internal area and a balcony.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in Residence Tower, Woodberry Grove, London, N4.
Woodberry Grove, London, N4 is located in the borough of Hackney within the N4 postal district.
Flat 172, Residence Tower, London has 2 entries in the Land Registry database, most recently in May 2021 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for Flat 172 Residence Tower London as £594,838 and the rental value as £2,627 per month giving an expected gross yield of 5.3%.
Over the last 12 months the sale value of Flat 172 Residence Tower London has increased by £4,711 (0.8%) and its rental value has increased by £156 per month (5.9%).
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 172, Residence Tower, London is in very good condition we estimate a sale value of £624,580 and rental value of £2,758 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £553,200 and a rental value of £2,443 per month.
If you were able to purchase this property for the estimated value of £594,838, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,923 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 172, Residence Tower, London was last sold on 07 May 2021 for £660,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since May 2021, the market for similar properties has risen 1.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 172, Residence Tower, London within a radius of 290 metres over the last 2 years.
The most recent example is Flat 126, Residence Tower, Woodberry Grove, London, N4 2BS, a Leasehold flat which sold for £750,000 in Dec 2023.
Read more about house prices in N4.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Our network of Estate Agents report 3 lets within a 290 metres radius of Flat 172, Residence Tower, London over the last 2 years.
Most recently Flat 39, Nature View Apartments, Woodberry Grove, London, N4 2GN, a Leasehold flat let by Saint Andrews Bureau in Mar 2023.
Woodberry Grove, London, N4 has a total of 367 addresses. According to our analysis of all the public data, Flat 172, Residence Tower, London is the 175th largest and the 101st most expensive property on the street.
When compared to the postcode district it is £8k less expensive than the average property in N4.
The closest station to Flat 172, Residence Tower, London is Manor House 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 172, Residence Tower, London, 51.2% of property is socially rented and 29.3% is shared ownership.
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 172, Residence Tower, London, 17.6% of residents are recorded as possessing school level qualifications and 49.0% 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 172, Residence Tower, London, the average age was 33.2 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 172, Residence Tower, 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 172, Residence Tower, 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.