According to the public record, Flat 2, Gilbertson House, London is a mid-century leasehold apartment with 635 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a balcony.
The apartment is in Gilbertson House, Mellish Street, London, E14.
Mellish Street, London, E14 is located in the borough of Tower Hamlets within the E14 postal district.
Flat 2, Gilbertson House, London has a single entry in the Land Registry database from October 2011 and a single entry in the EPC database dated January 2023.
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 Gilbertson House London as £314,202 and the rental value as £1,685 per month giving an expected gross yield of 6.4%.
Over the last 12 months the sale value of Flat 2 Gilbertson House London has increased by £2,669 (0.8%) and its rental value has increased by £19 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, Gilbertson House, London is in very good condition we estimate a sale value of £329,912 and rental value of £1,769 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £292,208 and a rental value of £1,567 per month.
If you were able to purchase this property for the estimated value of £314,202, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,544 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, Gilbertson House, London was last sold on 10 Oct 2011 for £210,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Oct 2011, the market for similar properties has risen 41.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 2, Gilbertson House, London within a radius of 180 metres over the last 2 years.
The most recent example is Flat 5, Corvette Court 93, Tiller Road, London, E14 8GU, a Leasehold flat which sold for £280,000 in Feb 2015.
Read more about house prices in E14.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Mellish Street, London, E14 has a total of 152 addresses. According to our analysis of all the public data, Flat 2, Gilbertson House, London is the 85th largest and the 132nd most expensive property on the street.
When compared to the postcode district it is £170k less expensive than the average property in E14.
Flat 2, Gilbertson House, London has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 24 Jan 2023.
The property is connected to mains gas and has fully double glazed windows. It is heated using a community scheme.
The closest station to Flat 2, Gilbertson House, London is South Quay 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, Gilbertson House, London, 61.8% of property is socially rented and 22.0% 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, Gilbertson House, London, 29.9% of residents are recorded as possessing school level qualifications and 41.1% 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, Gilbertson House, 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, Gilbertson House, 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 2, Gilbertson House, London, there are an average of 0.4 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.