According to the public record, Flat 21, Edge Apartments 1, London is a modern leasehold apartment with 484 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom with a balcony.
The apartment is in Edge Apartments, Lett Road, London, E15.
Lett Road, London, E15 is located in the borough of Newham within the E15 postal district.
Flat 21, Edge Apartments 1, London has a single entry in the Land Registry database from August 2010 and a single entry in the EPC database dated January 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 21 Edge Apartments 1 London as £328,161 and the rental value as £2,042 per month giving an expected gross yield of 7.5%.
Over the last 12 months the sale value of Flat 21 Edge Apartments 1 London has increased by £2,486 (0.8%) and its rental value has increased by £52 per month (2.5%).
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 21, Edge Apartments 1, London is in very good condition we estimate a sale value of £344,569 and rental value of £2,144 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £305,190 and a rental value of £1,899 per month.
If you were able to purchase this property for the estimated value of £328,161, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,613 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 21, Edge Apartments 1, London was last sold on 23 Aug 2010 for £236,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Aug 2010, the market for similar properties has risen 73.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 21, Edge Apartments 1, London within a radius of 290 metres over the last 2 years.
The most recent example is Flat 70, 1, Ward Road, London, E15 2LB, a Leasehold flat which sold for £312,500 in Aug 2023.
Read more about house prices in E15.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Lett Road, London, E15 has a total of 235 addresses. According to our analysis of all the public data, Flat 21, Edge Apartments 1, London is the 122nd largest and the 121st most expensive property on the street.
When compared to the postcode district it is £111k less expensive than the average property in E15.
Flat 21, Edge Apartments 1, London has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 21 Jan 2020.
The property is not connected to mains gas and has fully double glazed windows. It is heated using a community scheme.
The closest station to Flat 21, Edge Apartments 1, London is Stratford High Street 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 21, Edge Apartments 1, London, 61.5% of property is privately rented and 19.2% 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 21, Edge Apartments 1, London, 12.4% of residents are recorded as possessing school level qualifications and 71.0% 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 21, Edge Apartments 1, London, the average age was 33.6 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 21, Edge Apartments 1, London, 1.6% 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 21, Edge Apartments 1, 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.