According to the public record, Flat 3, Palmerston Court 262, London is a period leasehold apartment with 796 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms.
The apartment is in Palmerston Court, Old Ford Road, London, E3.
Old Ford Road, London, E3 is located in the borough of Tower Hamlets within the E3 postal district.
Flat 3, Palmerston Court 262, London has 31 entries in the Land Registry database, most recently in March 2024 and a single entry in the EPC database dated May 2022.
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 Palmerston Court 262 London as £606,006 and the rental value as £3,158 per month giving an expected gross yield of 6.3%.
Over the last 12 months the sale value of Flat 3 Palmerston Court 262 London has increased by £6,590 (1.1%) and its rental value has increased by £154 per month (4.9%).
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, Palmerston Court 262, London is in very good condition we estimate a sale value of £636,307 and rental value of £3,316 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £563,586 and a rental value of £2,937 per month.
If you were able to purchase this property for the estimated value of £606,006, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,978 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, Palmerston Court 262, London was last sold on 08 Mar 2024 for £650,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Mar 2024, the market for similar properties has risen 0.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 3, Palmerston Court 262, London within a radius of 370 metres over the last 2 years.
The most recent example is Flat 18, Palmerston Court 262, Old Ford Road, London, E3 5SA, a Leasehold flat which sold for £525,000 in Nov 2021.
Read more about house prices in E3.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Our network of Estate Agents report 1 let within a 370 metres radius of Flat 3, Palmerston Court 262, London over the last 2 years.
Most recently 1A, Vivian Road, London, E3 5RE, a Leasehold flat let by Saint Andrews Bureau in Dec 2022.
Old Ford Road, London, E3 has a total of 471 addresses. According to our analysis of all the public data, Flat 3, Palmerston Court 262, London is the 219th largest and the 152nd most expensive property on the street.
When compared to the postcode district it is £166k more expensive than the average property in E3.
Flat 3, Palmerston Court 262, London has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 03 May 2022.
The property is not connected to mains gas and has partial double glazing. It is heated using electric storage heaters.
The closest station to Flat 3, Palmerston Court 262, London is Cambridge Heath station which is 1.0 kilometres 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, Palmerston Court 262, London, 34.6% of property is privately rented and 33.0% 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, Palmerston Court 262, London, 9.7% of residents are recorded as possessing school level qualifications and 66.5% 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 3, Palmerston Court 262, London, the average age was 34.8 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 3, Palmerston Court 262, London, 0.3% 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, Palmerston Court 262, London, there are an average of 0.5 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.