According to the public record, Flat 2, Mcewen House 561, London is a mid-century leasehold apartment with 742 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in Mcewen House, Roman Road, London, E3.
Roman Road, London, E3 is located in the borough of Tower Hamlets within the E3 postal district.
Flat 2, Mcewen House 561, London has 21 entries in the Land Registry database, most recently in December 2015 and a single entry in the EPC database dated June 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 Mcewen House 561 London as £222,641 and the rental value as £1,354 per month giving an expected gross yield of 7.3%.
Over the last 12 months the sale value of Flat 2 Mcewen House 561 London has increased by £93 (0.0%) and its rental value has increased by £55 per month (4.1%).
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, Mcewen House 561, London is in very good condition we estimate a sale value of £233,773 and rental value of £1,421 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £207,056 and a rental value of £1,259 per month.
If you were able to purchase this property for the estimated value of £222,641, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,094 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, Mcewen House 561, London was last sold on 18 Dec 2015 for £235,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Dec 2015, the market for similar properties has dropped 2.9%
According to the Land Registry and our network of Estate Agents, there have been 3 property sales within a 250 metres radius of Flat 2, Mcewen House 561, London over the last 2 years.
The most recent example is Flat 1, 6, Gladstone Place, London, E3 5EU, a Leasehold flat which sold for £310,000 in Sep 2022.
Read more about house prices in E3.
Roman Road, London, E3 has a total of 547 addresses. According to our analysis of all the public data, Flat 2, Mcewen House 561, London is the 194th largest and the 540th most expensive property on the street.
When compared to the postcode district it is £217k less expensive than the average property in E3.
Flat 2, Mcewen House 561, London has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 02 Jun 2020.
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 2, Mcewen House 561, London is Bow Road 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, Mcewen House 561, London, 42.3% of property is privately rented and 39.0% 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, Mcewen House 561, London, 20.5% of residents are recorded as possessing school level qualifications and 41.6% 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, Mcewen House 561, London, the average age was 33.6 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, Mcewen House 561, 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, Mcewen House 561, 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.