According to the public record, Flat 24, Spelman House, London is a early-century leasehold apartment with 430 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom.
The apartment is in Spelman House, Spelman Street, London, E1.
Spelman Street, London, E1 is located in the borough of Tower Hamlets within the E1 postal district.
Flat 24, Spelman House, London has a single entry in the Land Registry database from April 2018 and a single entry in the EPC database dated August 2017.
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 24 Spelman House London as £277,829 and the rental value as £1,703 per month giving an expected gross yield of 7.4%.
Over the last 12 months the sale value of Flat 24 Spelman House London has decreased by £3,061 (1.1%) and its rental value has increased by £73 per month (4.3%).
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 24, Spelman House, London is in very good condition we estimate a sale value of £291,720 and rental value of £1,788 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £258,381 and a rental value of £1,584 per month.
If you were able to purchase this property for the estimated value of £277,829, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,365 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 24, Spelman House, London was last sold on 05 Apr 2018 for £282,500 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Apr 2018, the market for similar properties has dropped 4.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 24, Spelman House, London within a radius of 230 metres over the last 2 years.
The most recent example is Flat 9, Boden House, Woodseer Street, London, E1 5JF, a Leasehold flat which sold for £305,000 in Nov 2018.
Read more about house prices in E1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Our network of Estate Agents report 2 lets within a 230 metres radius of Flat 24, Spelman House, London over the last 2 years.
Most recently Flat 401, Bluebell Apartments 76, Hanbury Street, London, E1 5JL, a Leasehold flat let by Fine Living in May 2022.
Spelman Street, London, E1 has a total of 57 addresses. According to our analysis of all the public data, Flat 24, Spelman House, London is the 55th largest and the 57th most expensive property on the street.
When compared to the postcode district it is £244k less expensive than the average property in E1.
Flat 24, Spelman House, London has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 08 Aug 2017.
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 24, Spelman House, London is Aldgate East 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 24, Spelman House, London, 50.7% of property is privately rented and 36.2% 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 24, Spelman House, London, 18.2% of residents are recorded as possessing school level qualifications and 51.4% 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 24, Spelman House, London, the average age was 32.1 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 24, Spelman House, 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 24, Spelman House, 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.