According to the public record, Flat 29, Nova Building 3, London is a modern leasehold apartment with 581 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a balcony.
The apartment is in Nova Building, Newton Place, London, E14.
Newton Place, London, E14 is located in the borough of Tower Hamlets within the E14 postal district.
Flat 29, Nova Building 3, London has 31 entries in the Land Registry database, most recently in August 2006 and a single entry in the EPC database dated October 2019.
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 29 Nova Building 3 London as £385,715 and the rental value as £2,082 per month giving an expected gross yield of 6.5%.
Over the last 12 months the sale value of Flat 29 Nova Building 3 London has increased by £797 (0.2%) and its rental value has increased by £46 per month (2.2%).
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 29, Nova Building 3, London is in very good condition we estimate a sale value of £405,001 and rental value of £2,186 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £358,715 and a rental value of £1,936 per month.
If you were able to purchase this property for the estimated value of £385,715, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,896 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 29, Nova Building 3, London was last sold on 18 Aug 2006 for £330,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 29, Nova Building 3, London within a radius of 410 metres over the last 2 years.
The most recent example is Flat 12, Galaxy Building 5, Crews Street, London, E14 3SP, a Leasehold flat which sold for £330,000 in Apr 2024.
Read more about house prices in E14.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Newton Place, London, E14 has a total of 142 addresses. According to our analysis of all the public data, Flat 29, Nova Building 3, London is the 137th largest and the 137th most expensive property on the street.
When compared to the postcode district it is £99k less expensive than the average property in E14.
Flat 29, Nova Building 3, London has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 01 Oct 2019.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Electric ceiling heating, electric.
The closest station to Flat 29, Nova Building 3, London is Mudchute station which is 900 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 29, Nova Building 3, London, 63.0% of property is privately rented and 23.5% 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 29, Nova Building 3, London, 11.1% of residents are recorded as possessing school level qualifications and 82.5% 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 29, Nova Building 3, London, the average age was 32.8 and the most common age was 32.
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 29, Nova Building 3, London, 1.2% 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 29, Nova Building 3, London, there are an average of 0.4 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.