According to the public record, Flat 2, 59, New Wanstead, London is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a modern apartment with 680 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in 59, New Wanstead, London, E11.
New Wanstead, London, E11 is located in the borough of Redbridge within the E11 postal district.
Flat 2, 59, New Wanstead, London has a single entry in the Land Registry database from May 2019 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 2 59 New Wanstead London as £538,499 and the rental value as £1,932 per month giving an expected gross yield of 4.3%.
Over the last 12 months the sale value of Flat 2 59 New Wanstead London has increased by £15,020 (2.8%) and its rental value has increased by £82 per month (4.3%).
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, 59, New Wanstead, London is in very good condition we estimate a sale value of £565,424 and rental value of £2,029 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £500,804 and a rental value of £1,797 per month.
If you were able to purchase this property for the estimated value of £538,499, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,647 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, 59, New Wanstead, London was last sold on 24 May 2019 for £437,500 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since May 2019, the market for similar properties has risen 6.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 2, 59, New Wanstead, London within a radius of 520 metres over the last 2 years.
The most recent example is Flat 1, 53, New Wanstead, London, E11 2SA, a Leasehold flat which sold for £430,000 in Dec 2022.
Read more about house prices in E11.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
New Wanstead, London, E11 has a total of 320 addresses. According to our analysis of all the public data, Flat 2, 59, New Wanstead, London is the 222nd largest and the 83rd most expensive property on the street.
When compared to the postcode district it is £77k less expensive than the average property in E11.
The closest station to Flat 2, 59, New Wanstead, London is Snaresbrook station which is 500 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, 59, New Wanstead, London, 53.3% of property is privately rented and 25.0% is privately owned with a mortgage.
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, 59, New Wanstead, London, 20.3% of residents are recorded as possessing school level qualifications and 62.6% 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 2, 59, New Wanstead, London, the average age was 41.5 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 2, 59, New Wanstead, London, 1.5% 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, 59, New Wanstead, 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.