According to the public record, Flat 26, The Merchant Building 38, London is a modern leasehold apartment with 656 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a balcony.
The apartment is in The Merchant Building, Wharf Road, London, N1.
Wharf Road, London, N1 is located in the borough of Hackney within the N1 postal district.
Flat 26, The Merchant Building 38, London has 2 entries in the Land Registry database, most recently in November 2021 and a single entry in the EPC database dated December 2015.
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 26 The Merchant Building 38 London as £629,353 and the rental value as £2,729 per month giving an expected gross yield of 5.2%.
Over the last 12 months the sale value of Flat 26 The Merchant Building 38 London has decreased by £6,947 (1.1%) and its rental value has increased by £162 per month (5.9%).
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 26, The Merchant Building 38, London is in very good condition we estimate a sale value of £660,821 and rental value of £2,866 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £585,299 and a rental value of £2,538 per month.
If you were able to purchase this property for the estimated value of £629,353, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £3,093 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 26, The Merchant Building 38, London was last sold on 22 Nov 2021 for £545,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Nov 2021, the market for similar properties has dropped 0.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 26, The Merchant Building 38, London within a radius of 210 metres over the last 2 years.
The most recent example is Flat 7, The Merchant Building 38, Wharf Road, London, N1 7GS, a Leasehold flat which sold for £500,000 in Jun 2024.
Read more about house prices in N1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Our network of Estate Agents report 1 let within a 210 metres radius of Flat 26, The Merchant Building 38, London over the last 2 years.
Most recently Flat 8, 12, Graham Street, London, N1 8GB, a Leasehold flat let by Fine Living in May 2021.
Wharf Road, London, N1 has a total of 652 addresses. According to our analysis of all the public data, Flat 26, The Merchant Building 38, London is the 451st largest and the 314th most expensive property on the street.
When compared to the postcode district it is £107k less expensive than the average property in N1.
Flat 26, The Merchant Building 38, London has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 02 Dec 2015.
The property is not connected to mains gas and has high performance glazing. It is heated using a community scheme.
The closest station to Flat 26, The Merchant Building 38, London is Angel 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 26, The Merchant Building 38, London, 50.9% of property is privately rented and 24.6% 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 26, The Merchant Building 38, London, 11.2% of residents are recorded as possessing school level qualifications and 74.8% 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 26, The Merchant Building 38, London, the average age was 34.3 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 26, The Merchant Building 38, London, 0.6% 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 26, The Merchant Building 38, London, there are an average of 0.2 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.