According to the public record, Flat 3, 697, Commercial Road, London is a period leasehold apartment with 344 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom.
The apartment is in 697, Commercial Road, London, E14.
Commercial Road, London, E14 is located in the borough of Tower Hamlets within the E14 postal district.
Flat 3, 697, Commercial Road, London has 2 entries in the Land Registry database, most recently in December 2022 and a single entry in the EPC database dated June 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 3 697 Commercial Road London as £297,158 and the rental value as £1,486 per month giving an expected gross yield of 6%.
Over the last 12 months the sale value of Flat 3 697 Commercial Road London has increased by £1,606 (0.5%) and its rental value has increased by £36 per month (2.4%).
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 3, 697, Commercial Road, London is in very good condition we estimate a sale value of £312,016 and rental value of £1,561 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £276,357 and a rental value of £1,382 per month.
If you were able to purchase this property for the estimated value of £297,158, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,460 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, 697, Commercial Road, London was last sold on 16 Dec 2022 for £300,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Dec 2022, the market for similar properties has dropped 1.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 3, 697, Commercial Road, London within a radius of 280 metres over the last 2 years.
The most recent example is Apartment 206, Caspian Apartments 5, Salton Square, London, E14 7GJ, a Leasehold flat which sold for £265,000 in Aug 2019.
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, 697, Commercial Road, London is the 462nd largest and the 409th most expensive property on the street.
When compared to the postcode district it is £187k less expensive than the average property in E14.
Flat 3, 697, Commercial Road, London has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 02 Jun 2015.
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 3, 697, Commercial Road, London is Limehouse station which is 300 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, 697, Commercial Road, London, 51.5% of property is privately rented and 23.0% 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 3, 697, Commercial Road, London, 16.5% of residents are recorded as possessing school level qualifications and 58.0% 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, 697, Commercial Road, London, the average age was 32.3 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 3, 697, Commercial Road, London, 0.4% 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, 697, 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.