According to the public record, Flat 19, 47, Cherrywood Close, London is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a modern apartment with 938 ft2 of internal area and a balcony.
Apartments of this size in this area normally have 3 bedrooms.
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 19, 47, Cherrywood Close, London has a single entry in the Land Registry database from March 2015 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 19 47 Cherrywood Close London as £449,321 and the rental value as £2,714 per month giving an expected gross yield of 7.2%.
Over the last 12 months the sale value of Flat 19 47 Cherrywood Close London has decreased by £8,490 (1.9%) and its rental value has increased by £59 per month (2.2%).
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 19, 47, Cherrywood Close, London is in very good condition we estimate a sale value of £471,787 and rental value of £2,849 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £417,869 and a rental value of £2,524 per month.
If you were able to purchase this property for the estimated value of £449,321, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,208 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 19, 47, Cherrywood Close, London was last sold on 03 Mar 2015 for £148,500 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Mar 2015, the market for similar properties has risen 3.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 19, 47, Cherrywood Close, London within a radius of 310 metres over the last 2 years.
The most recent example is 34, Schoolbell Mews, London, E3 5BZ, a Leasehold flat which sold for £525,000 in Apr 2024.
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 19, 47, Cherrywood Close, London is the 28th largest and the 43rd most expensive property on the street.
When compared to the postcode district it is £9k more expensive than the average property in E3.
Flat 19, 47, Cherrywood Close, London has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 20 Feb 2009.
The property is not connected to mains gas and has high performance glazing. It is heated using a boiler and radiators.
The closest station to Flat 19, 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 19, 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 19, 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 19, 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 19, 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 19, 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.