According to the public record, Flat 2, Spinnaker House 2, London is a mid-century leasehold apartment with 936 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms with a balcony.
The apartment is in Spinnaker House, Byng Street, London, E14.
Byng Street, London, E14 is located in the borough of Tower Hamlets within the E14 postal district.
Flat 2, Spinnaker House 2, London has a single entry in the Land Registry database from November 2007 and a single entry in the EPC database dated April 2021.
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 Spinnaker House 2 London as £363,344 and the rental value as £1,937 per month giving an expected gross yield of 6.4%.
Over the last 12 months the sale value of Flat 2 Spinnaker House 2 London has increased by £12,394 (3.4%) and its rental value has increased by £69 per month (3.6%).
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, Spinnaker House 2, London is in very good condition we estimate a sale value of £381,511 and rental value of £2,034 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £337,910 and a rental value of £1,801 per month.
If you were able to purchase this property for the estimated value of £363,344, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,786 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, Spinnaker House 2, London was last sold on 28 Nov 2007 for £145,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Nov 2007, the market for similar properties has risen 33.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 2, Spinnaker House 2, London within a radius of 210 metres over the last 2 years.
The most recent example is 41, The Quarterdeck, London, E14 8SH, a Leasehold flat which sold for £395,000 in Feb 2024.
Read more about house prices in E14.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Byng Street, London, E14 has a total of 276 addresses. According to our analysis of all the public data, Flat 2, Spinnaker House 2, London is the 99th largest and the 113th most expensive property on the street.
When compared to the postcode district it is £121k less expensive than the average property in E14.
Flat 2, Spinnaker House 2, London has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 28 Apr 2021.
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, Spinnaker House 2, London is Heron Quays station which is 400 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, Spinnaker House 2, London, 80.3% of property is privately rented and 13.4% 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, Spinnaker House 2, London, 21.5% of residents are recorded as possessing school level qualifications and 66.5% 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, Spinnaker House 2, London, the average age was 32.5 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, Spinnaker House 2, 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, Spinnaker House 2, 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.