According to the public record, Flat 2, 249, Hermit Road, London is a modern leasehold apartment with 678 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a balcony.
The apartment is in 249, Hermit Road, London, E16.
Hermit Road, London, E16 is located in the borough of Newham within the E16 postal district.
Flat 2, 249, Hermit Road, London has a single entry in the Land Registry database from December 2013 and a single entry in the EPC database dated August 2020.
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 2 249 Hermit Road London as £428,318 and the rental value as £2,347 per month giving an expected gross yield of 6.6%.
Over the last 12 months the sale value of Flat 2 249 Hermit Road London has increased by £3,070 (0.7%) and its rental value has increased by £58 per month (2.5%).
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 2, 249, Hermit Road, London is in very good condition we estimate a sale value of £449,734 and rental value of £2,464 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £398,336 and a rental value of £2,182 per month.
If you were able to purchase this property for the estimated value of £428,318, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,105 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 2, 249, Hermit Road, London was last sold on 20 Dec 2013 for £225,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Dec 2013, the market for similar properties has risen 46.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 2, 249, Hermit Road, London within a radius of 450 metres over the last 2 years.
The most recent example is 61, Exning Road, London, E16 4NE, a Leasehold flat which sold for £310,000 in Nov 2016.
Read more about house prices in E16.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Hermit Road, London, E16 has a total of 217 addresses. According to our analysis of all the public data, Flat 2, 249, Hermit Road, London is the 108th largest and the 41st most expensive property on the street.
When compared to the postcode district it is £40k more expensive than the average property in E16.
Flat 2, 249, Hermit Road, London has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 06 Aug 2020.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Room heaters, electric.
The closest station to Flat 2, 249, Hermit Road, London is West Ham station which is 700 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 2, 249, Hermit Road, London, 49.4% of property is privately rented and 31.2% 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 2, 249, Hermit Road, London, 22.4% of residents are recorded as possessing school level qualifications and 36.3% 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 2, 249, Hermit Road, London, the average age was 34.7 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 2, 249, Hermit Road, London, 0.2% 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 2, 249, Hermit Road, London, there are an average of 0.7 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.