According to the public record, Flat 3, 594, Commercial Road, London is a modern leasehold apartment with 1,033 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms with a balcony.
The apartment is in 594, Commercial Road, London, E14.
Commercial Road, London, E14 is located in the borough of Tower Hamlets within the E14 postal district.
Flat 3, 594, Commercial Road, London has 2 entries in the Land Registry database, most recently in June 2022 and a single entry in the EPC database dated September 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 3 594 Commercial Road London as £529,811 and the rental value as £2,789 per month giving an expected gross yield of 6.3%.
Over the last 12 months the sale value of Flat 3 594 Commercial Road London has increased by £8,052 (1.5%) and its rental value has increased by £107 per month (3.9%).
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 3, 594, Commercial Road, London is in very good condition we estimate a sale value of £556,302 and rental value of £2,929 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £492,725 and a rental value of £2,594 per month.
If you were able to purchase this property for the estimated value of £529,811, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,604 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 3, 594, Commercial Road, London was last sold on 30 Jun 2022 for £490,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Jun 2022, the market for similar properties has dropped 1.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 3, 594, Commercial Road, London within a radius of 280 metres over the last 2 years.
The most recent example is Flat 4, 598, Commercial Road, London, E14 7JR, a Leasehold flat which sold for £460,000 in Jul 2024.
Read more about house prices in E14.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Commercial Road, London, E14 has a total of 473 addresses. According to our analysis of all the public data, Flat 3, 594, Commercial Road, London is the 35th largest and the 57th most expensive property on the street.
When compared to the postcode district it is £45k more expensive than the average property in E14.
Flat 3, 594, Commercial Road, London has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 12 Sep 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 3, 594, Commercial Road, London is Limehouse station which is 100 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 3, 594, Commercial Road, London, 69.2% of property is privately rented and 18.7% 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 3, 594, Commercial Road, London, 10.7% of residents are recorded as possessing school level qualifications and 76.2% 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 3, 594, Commercial Road, London, the average age was 32.1 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 3, 594, Commercial Road, 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 3, 594, Commercial Road, 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.