According to the public record, Flat 22, Greenland House, London is a mid-century leasehold apartment with 979 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms with a balcony.
The apartment is in Greenland House, Ernest Street, London, E1.
Ernest Street, London, E1 is located in the borough of Tower Hamlets within the E1 postal district.
Flat 22, Greenland House, London has 2 entries in the Land Registry database, most recently in September 2022 and a single entry in the EPC database dated May 2022.
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 22 Greenland House London as £348,854 and the rental value as £2,004 per month giving an expected gross yield of 6.9%.
Over the last 12 months the sale value of Flat 22 Greenland House London has decreased by £2,086 (0.6%) and its rental value has increased by £69 per month (3.4%).
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 22, Greenland House, London is in very good condition we estimate a sale value of £366,297 and rental value of £2,105 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £324,434 and a rental value of £1,864 per month.
If you were able to purchase this property for the estimated value of £348,854, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,715 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 22, Greenland House, London was last sold on 14 Sep 2022 for £300,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Sep 2022, the market for similar properties has dropped 1.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 22, Greenland House, London within a radius of 260 metres over the last 2 years.
The most recent example is Flat 34, Anson House, Shandy Street, London, E1 4SR, a Leasehold flat which sold for £450,000 in Mar 2016.
Read more about house prices in E1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Ernest Street, London, E1 has a total of 302 addresses. According to our analysis of all the public data, Flat 22, Greenland House, London is the 12th largest and the 207th most expensive property on the street.
When compared to the postcode district it is £173k less expensive than the average property in E1.
Flat 22, Greenland House, London has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 05 May 2022.
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 22, Greenland House, London is Stepney Green 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 22, Greenland House, London, 44.8% of property is socially rented and 36.2% 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 22, Greenland House, London, 30.1% of residents are recorded as possessing school level qualifications and 35.4% 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 22, Greenland House, London, the average age was 29.4 and the most common age was 17.
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 22, Greenland House, 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 22, Greenland House, London, there are an average of 0.5 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.