According to the public record, Flat 27, The Grainstore 4, London is a modern leasehold apartment with 559 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a balcony.
The apartment is in The Grainstore, Western Gateway, London, E16.
Western Gateway, London, E16 is located in the borough of Newham within the E16 postal district.
Flat 27, The Grainstore 4, London has 3 entries in the Land Registry database, most recently in September 2018 and a single entry in the EPC database dated June 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 27 The Grainstore 4 London as £319,381 and the rental value as £1,920 per month giving an expected gross yield of 7.2%.
Over the last 12 months the sale value of Flat 27 The Grainstore 4 London has decreased by £1,562 (0.5%) and its rental value has increased by £66 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 27, The Grainstore 4, London is in very good condition we estimate a sale value of £335,350 and rental value of £2,016 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £297,024 and a rental value of £1,785 per month.
If you were able to purchase this property for the estimated value of £319,381, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,570 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 27, The Grainstore 4, London was last sold on 14 Sep 2018 for £330,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Sep 2018, the market for similar properties has dropped 2.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 27, The Grainstore 4, London within a radius of 370 metres over the last 2 years.
The most recent example is Flat 12, The Grainstore 4, Western Gateway, London, E16 1BA, a Leasehold flat which sold for £317,500 in Apr 2024.
Read more about house prices in E16.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Western Gateway, London, E16 has a total of 1398 addresses. According to our analysis of all the public data, Flat 27, The Grainstore 4, London is the 1001st largest and the 1237th most expensive property on the street.
When compared to the postcode district it is £69k less expensive than the average property in E16.
Flat 27, The Grainstore 4, London has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 01 Jun 2020.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Room heaters, electric.
The closest station to Flat 27, The Grainstore 4, London is Custom House (Elizabeth line) 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 27, The Grainstore 4, London, 58.1% of property is privately rented and 16.2% 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 27, The Grainstore 4, London, 7.3% of residents are recorded as possessing school level qualifications and 65.6% 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 27, The Grainstore 4, London, the average age was 33.3 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 27, The Grainstore 4, London, 1.9% 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 27, The Grainstore 4, 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.