According to the public record, Flat 305, Lighterman Point 3, London is a modern leasehold apartment with 398 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom with a balcony.
The apartment is in Lighterman Point, New Village Avenue, London, E14.
New Village Avenue, London, E14 is located in the borough of Tower Hamlets within the E14 postal district.
Flat 305, Lighterman Point 3, London has a single entry in the Land Registry database from July 2023 and a single entry in the EPC database dated September 2014.
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 305 Lighterman Point 3 London as £271,591 and the rental value as £1,450 per month giving an expected gross yield of 6.4%.
Over the last 12 months the sale value of Flat 305 Lighterman Point 3 London has increased by £2,330 (0.9%) and its rental value has increased by £31 per month (2.1%).
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 305, Lighterman Point 3, London is in very good condition we estimate a sale value of £285,171 and rental value of £1,522 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £252,580 and a rental value of £1,348 per month.
If you were able to purchase this property for the estimated value of £271,591, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,335 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 305, Lighterman Point 3, London was last sold on 20 Jul 2023 for £340,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Jul 2023, the market for similar properties has risen 0.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 305, Lighterman Point 3, London within a radius of 380 metres over the last 2 years.
The most recent example is Flat 410, Lighterman Point 3, New Village Avenue, London, E14 0ND, a Leasehold flat which sold for £290,000 in Nov 2020.
Read more about house prices in E14.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Our network of Estate Agents report 1 let within a 380 metres radius of Flat 305, Lighterman Point 3, London over the last 2 years.
Most recently Flat 1906, Avalon Point 1, Silvocea Way, London, E14 0TZ, a Leasehold flat let by Saint Andrews Bureau in Jun 2023.
New Village Avenue, London, E14 has a total of 428 addresses. According to our analysis of all the public data, Flat 305, Lighterman Point 3, London is the 406th largest and the 423rd most expensive property on the street.
When compared to the postcode district it is £213k less expensive than the average property in E14.
Flat 305, Lighterman Point 3, London has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 25 Sep 2014.
The property is not connected to mains gas and has high performance glazing. It is heated using a community scheme.
The closest station to Flat 305, Lighterman Point 3, London is East India station which is 400 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 305, Lighterman Point 3, London, 60.5% of property is socially rented and 22.4% 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 305, Lighterman Point 3, London, 42.7% of residents are recorded as possessing school level qualifications and 28.1% 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 305, Lighterman Point 3, London, the average age was 30.3 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 305, Lighterman Point 3, London, 0.6% 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 305, Lighterman Point 3, 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.