According to the public record, Flat 3, Genoa House, London is a mid-century leasehold apartment with 775 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in Genoa House, Ernest Street, London, E1.
Ernest Street, London, E1 is located in the borough of Tower Hamlets within the E1 postal district.
Flat 3, Genoa House, London has 21 entries in the Land Registry database, most recently in June 2022 and a single entry in the EPC database dated March 2021.
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 Genoa House London as £375,305 and the rental value as £2,195 per month giving an expected gross yield of 7%.
Over the last 12 months the sale value of Flat 3 Genoa House London has decreased by £925 (0.2%) and its rental value has increased by £88 per month (4.0%).
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, Genoa House, London is in very good condition we estimate a sale value of £394,070 and rental value of £2,304 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £349,034 and a rental value of £2,041 per month.
If you were able to purchase this property for the estimated value of £375,305, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,845 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, Genoa House, London was last sold on 01 Jun 2022 for £380,000 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 1.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 3, Genoa House, London within a radius of 310 metres over the last 2 years.
The most recent example is Flat 10, Galway House, White Horse Lane, London, E1 4LY, a Leasehold flat which sold for £395,700 in Aug 2023.
Read more about house prices in E1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Ernest Street, London, E1 has a total of 302 addresses. According to our analysis of all the public data, Flat 3, Genoa House, London is the 61st largest and the 115th most expensive property on the street.
When compared to the postcode district it is £146k less expensive than the average property in E1.
Flat 3, Genoa House, London has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 05 Mar 2021.
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, Genoa House, London is Stepney Green 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, Genoa House, London, 49.5% of property is socially rented and 31.8% is privately 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, Genoa House, London, 34.9% of residents are recorded as possessing school level qualifications and 27.4% 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, Genoa House, London, the average age was 29.4 and the most common age was 17.
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, Genoa House, 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, Genoa House, 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.