According to the public record, Flat 312, Cromwell Tower, London is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a mid-century apartment with 1,035 ft2 of internal area and a balcony.
Apartments of this size in this area normally have 3 bedrooms.
The apartment is in Cromwell Tower, Barbican, London, EC2.
Barbican, London, EC2 is located in the borough of City and County of the City of London within the EC2 postal district.
Flat 312, Cromwell Tower, London has a single entry in the Land Registry database from May 2023 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 312 Cromwell Tower London as £1,461,813 and the rental value as £5,272 per month giving an expected gross yield of 4.3%.
Over the last 12 months the sale value of Flat 312 Cromwell Tower London has decreased by £7,970 (0.5%) and its rental value has increased by £241 per month (4.6%).
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 312, Cromwell Tower, London is in very good condition we estimate a sale value of £1,534,904 and rental value of £5,536 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £1,359,486 and a rental value of £4,903 per month.
If you were able to purchase this property for the estimated value of £1,461,813, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £7,184 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 312, Cromwell Tower, London was last sold on 25 May 2023 for £1,768,885 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since May 2023, the market for similar properties has dropped 1.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 312, Cromwell Tower, London within a radius of 200 metres over the last 2 years.
The most recent example is Flat 221, Cromwell Tower, Barbican, London, EC2Y 8DD, a Leasehold flat which sold for £1,800,000 in Aug 2023.
Read more about house prices in EC2.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Our network of Estate Agents report 1 let within a 200 metres radius of Flat 312, Cromwell Tower, London over the last 2 years.
Most recently 24, Clarendon Court 43, Golden Lane, London, EC1Y 0AD, a Leasehold flat let by London Property Management in Jun 2021.
Barbican, London, EC2 has a total of 1944 addresses. According to our analysis of all the public data, Flat 312, Cromwell Tower, London is the 393rd largest and the 182nd most expensive property on the street.
When compared to the postcode district it is £509k more expensive than the average property in EC2.
The closest station to Flat 312, Cromwell Tower, London is Moorgate 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 312, Cromwell Tower, London, 41.5% of property is privately rented and 29.0% is privately owned outright.
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 312, Cromwell Tower, London, 7.5% of residents are recorded as possessing school level qualifications and 88.3% 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 312, Cromwell Tower, London, the average age was 40.7 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 312, Cromwell Tower, London, 4.0% 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 312, Cromwell Tower, London, there are an average of 0.3 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.