According to the public record, Flat 3, Shale Court 88B, London is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a modern apartment with 275 ft2 of internal area and a balcony.
Apartments of this size in this area normally have 1 bedroom.
The apartment is in Shale Court, Romford Road, London, E15.
Romford Road, London, E15 is located in the borough of Newham within the E15 postal district.
Flat 3, Shale Court 88B, London has a single entry in the Land Registry database from October 2016 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the 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 Shale Court 88B London as £199,499 and the rental value as £1,358 per month giving an expected gross yield of 8.2%.
Over the last 12 months the sale value of Flat 3 Shale Court 88B London has increased by £3,265 (1.6%) and its rental value has increased by £46 per month (3.4%).
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, Shale Court 88B, London is in very good condition we estimate a sale value of £209,474 and rental value of £1,426 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £185,534 and a rental value of £1,263 per month.
If you were able to purchase this property for the estimated value of £199,499, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £980 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, Shale Court 88B, London was last sold on 05 Oct 2016 for £112,500 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Oct 2016, the market for similar properties has risen 5.6%
According to the Land Registry and our network of Estate Agents, there have been 2 sales of properties similar to Flat 3, Shale Court 88B, London within a radius of 310 metres over the last 2 years.
The most recent example is Flat 23, Meads Court 38, Carnarvon Road, London, E15 4LB, a Leasehold flat which sold for £262,500 in Sep 2023.
Read more about house prices in E15.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Romford Road, London, E15 has a total of 530 addresses. According to our analysis of all the public data, Flat 3, Shale Court 88B, London is the 429th largest and the 506th most expensive property on the street.
When compared to the postcode district it is £240k less expensive than the average property in E15.
The closest station to Flat 3, Shale Court 88B, London is Maryland station which is 500 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, Shale Court 88B, London, 60.0% of property is socially rented and 18.3% is shared ownership.
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, Shale Court 88B, London, 19.8% of residents are recorded as possessing school level qualifications and 65.1% 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, Shale Court 88B, London, the average age was 35 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, Shale Court 88B, 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, Shale Court 88B, 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.