According to the public record, Flat 19, Forbes House 370, London is a modern leasehold apartment with 775 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a balcony.
The apartment is in Forbes House, Romford Road, London, E7.
Romford Road, London, E7 is located in the borough of Newham within the E7 postal district.
Flat 19, Forbes House 370, London has a single entry in the Land Registry database from February 2022 and a single entry in the EPC database dated March 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 reasonable condition, we estimate the current sale value for Flat 19 Forbes House 370 London as £193,172 and the rental value as £1,144 per month giving an expected gross yield of 7.1%.
Over the last 12 months the sale value of Flat 19 Forbes House 370 London has increased by £4,003 (2.1%) and its rental value has increased by £36 per month (3.1%).
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, Forbes House 370, London is in very good condition we estimate a sale value of £202,831 and rental value of £1,201 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £179,650 and a rental value of £1,064 per month.
If you were able to purchase this property for the estimated value of £193,172, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £949 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, Forbes House 370, London was last sold on 25 Feb 2022 for £190,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Feb 2022, the market for similar properties has risen 1.7%
According to the Land Registry and our network of Estate Agents, there have been 1 sale of a property similar to Flat 19, Forbes House 370, London within a radius of 370 metres over the last 2 years.
The most recent example is 62A, Green Street, London, E7 8JG, a Leasehold flat which sold for £100,000 in Jan 2008.
Read more about house prices in E7.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Romford Road, London, E7 has a total of 854 addresses. According to our analysis of all the public data, Flat 19, Forbes House 370, London is the 229th largest and the 769th most expensive property on the street.
When compared to the postcode district it is £300k less expensive than the average property in E7.
Flat 19, Forbes House 370, London has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 12 Mar 2021.
The property is connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
The closest station to Flat 19, Forbes House 370, London is Forest Gate station which is 600 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, Forbes House 370, London, 34.2% of property is privately rented and 31.5% is privately owned outright.
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, Forbes House 370, London, 31.9% of residents are recorded as possessing school level qualifications and 38.7% 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, Forbes House 370, London, the average age was 34.6 and the most common age was 37.
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, Forbes House 370, 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 19, Forbes House 370, London, there are an average of 0.8 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.