According to the public record, Flat 3, Melford Court, London is a mid-century leasehold apartment and with 1,011 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms.
The apartment is in Melford Court, Upper Clapton Road, London, E5.
Upper Clapton Road, London, E5 is located in the borough of Hackney within the E5 postal district.
Flat 3, Melford Court, London has 3 entries in the Land Registry database, most recently in October 2019 and 2 entries in the EPC database, most recently in May 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 3 Melford Court London as £491,446 and the rental value as £2,514 per month giving an expected gross yield of 6.1%.
Over the last 12 months the sale value of Flat 3 Melford Court London has increased by £14,066 (2.9%) and its rental value has increased by £92 per month (3.7%).
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, Melford Court, London is in very good condition we estimate a sale value of £516,018 and rental value of £2,639 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £457,044 and a rental value of £2,338 per month.
If you were able to purchase this property for the estimated value of £491,446, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,415 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, Melford Court, London was last sold on 23 Oct 2019 for £527,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Oct 2019, the market for similar properties has risen 6.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 3, Melford Court, London within a radius of 159m over the last 2 years.
The most recent example is Flat 43, Beaumont Court, Upper Clapton Road, London, E5 8BG, a Leasehold flat which sold for £432,500 in Mar 2021.
Read more about house prices in E5.
Upper Clapton Road, London, E5 has a total of 728 addresses. According to our analysis of all the public data, Flat 3, Melford Court, London is the 64th largest and the 113th most expensive property on the street.
When compared to the postcode district it is £97k less expensive than the average property in E5.
Flat 3, Melford Court, London has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 03 May 2019.
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, Melford Court, London is Clapton station which is 100 m 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, Melford Court, London, 36.8% of property is socially rented and 31.4% 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, Melford Court, London, 21.4% of residents are recorded as possessing school level qualifications and 51.2% 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, Melford Court, London, the average age was 35.3 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, Melford Court, 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, Melford Court, 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.