According to the public record, Flat 30, Verity House, London is a mid-century leasehold apartment with 947 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms.
The apartment is in Verity House, Merchant Street, London, E3.
Merchant Street, London, E3 is located in the borough of Tower Hamlets within the E3 postal district.
Flat 30, Verity House, London has a single entry in the Land Registry database from September 2020 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 30 Verity House London as £357,682 and the rental value as £2,233 per month giving an expected gross yield of 7.5%.
Over the last 12 months the sale value of Flat 30 Verity House London has decreased by £1,607 (0.4%) and its rental value has increased by £83 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 30, Verity House, London is in very good condition we estimate a sale value of £375,566 and rental value of £2,344 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £332,644 and a rental value of £2,076 per month.
If you were able to purchase this property for the estimated value of £357,682, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,758 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 30, Verity House, London was last sold on 28 Sep 2020 for £100,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Sep 2020, the market for similar properties has dropped 3.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 30, Verity House, London within a radius of 310 metres over the last 2 years.
The most recent example is Flat 23, Verity House, Merchant Street, London, E3 4LR, a Leasehold flat which sold for £395,000 in Jun 2022.
Read more about house prices in E3.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Merchant Street, London, E3 has a total of 253 addresses. According to our analysis of all the public data, Flat 30, Verity House, London is the 17th largest and the 77th most expensive property on the street.
When compared to the postcode district it is £82k less expensive than the average property in E3.
Flat 30, Verity House, London has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 19 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 30, Verity House, London is Bow Road station which is 200 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 30, Verity House, London, 62.3% of property is socially rented and 27.7% 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 30, Verity House, London, 19.9% of residents are recorded as possessing school level qualifications and 37.7% 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 30, Verity House, London, the average age was 31 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 30, Verity 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 30, Verity 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.