According to the public record, Flat 2, Ability Place 37, London is a modern leasehold apartment with 365 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom with a balcony.
The apartment is in Ability Place, Millharbour, London, E14.
Millharbour, London, E14 is located in the borough of Tower Hamlets within the E14 postal district.
Flat 2, Ability Place 37, London has 2 entries in the Land Registry database, most recently in October 2012 and a single entry in the EPC database dated March 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 Ability Place 37 London as £304,713 and the rental value as £1,538 per month giving an expected gross yield of 6.1%.
Over the last 12 months the sale value of Flat 2 Ability Place 37 London has increased by £3,225 (1.1%) and its rental value has increased by £17 per month (1.1%).
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 2, Ability Place 37, London is in very good condition we estimate a sale value of £319,948 and rental value of £1,615 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £283,383 and a rental value of £1,430 per month.
If you were able to purchase this property for the estimated value of £304,713, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,498 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, Ability Place 37, London was last sold on 09 Oct 2012 for £210,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Oct 2012, the market for similar properties has risen 39.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 2, Ability Place 37, London within a radius of 140 metres over the last 2 years.
The most recent example is Flat 222, Ability Place 37, Millharbour, London, E14 9DF, a Leasehold flat which sold for £339,000 in Nov 2021.
Read more about house prices in E14.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Millharbour, London, E14 has a total of 1137 addresses. According to our analysis of all the public data, Flat 2, Ability Place 37, London is the 1129th largest and the 1124th most expensive property on the street.
When compared to the postcode district it is £180k less expensive than the average property in E14.
Flat 2, Ability Place 37, London has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 26 Mar 2020.
The property is not connected to mains gas and has fully double glazed windows. It is heated using elecric underfloor heating.
The closest station to Flat 2, Ability Place 37, London is South Quay station which is 200 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, Ability Place 37, London, 48.2% of property is socially rented and 32.9% 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 2, Ability Place 37, London, 32.4% of residents are recorded as possessing school level qualifications and 40.2% 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, Ability Place 37, London, the average age was 30.8 and the most common age was 27.
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, Ability Place 37, 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 2, Ability Place 37, 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.