According to the public record, Flat 34, Iron Works 58, London is a modern leasehold apartment with 1,054 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms with a balcony.
The apartment is in Iron Works, Dace Road, London, E3.
Dace Road, London, E3 is located in the borough of Tower Hamlets within the E3 postal district.
Flat 34, Iron Works 58, London has 41 entries in the Land Registry database, most recently in June 2021 and a single entry in the EPC database dated May 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 34 Iron Works 58 London as £514,576 and the rental value as £3,075 per month giving an expected gross yield of 7.2%.
Over the last 12 months the sale value of Flat 34 Iron Works 58 London has decreased by £9,290 (1.8%) and its rental value has increased by £64 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 34, Iron Works 58, London is in very good condition we estimate a sale value of £540,305 and rental value of £3,229 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £478,556 and a rental value of £2,860 per month.
If you were able to purchase this property for the estimated value of £514,576, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,529 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 34, Iron Works 58, London was last sold on 28 Jun 2021 for £330,000 and was recorded as a leasehold flat.
The property has had 4 sales since 1995.
Since Jun 2021, the market for similar properties has dropped 1.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 34, Iron Works 58, London within a radius of 390 metres over the last 2 years.
The most recent example is Flat 105, Ink Court 419, Wick Lane, London, E3 2PX, a Leasehold flat which sold for £492,500 in Dec 2023.
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 390 metres radius of Flat 34, Iron Works 58, London over the last 2 years.
Most recently Flat 201, Ink Court 419, Wick Lane, London, E3 2PX, a Leasehold flat let by Saint Andrews Bureau in Feb 2023.
Dace Road, London, E3 has a total of 139 addresses. According to our analysis of all the public data, Flat 34, Iron Works 58, London is the 18th largest and the 23rd most expensive property on the street.
When compared to the postcode district it is £75k more expensive than the average property in E3.
Flat 34, Iron Works 58, London has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 07 May 2021.
The property is not connected to mains gas and has fully double glazed windows. It is heated using elecric underfloor heating.
The closest station to Flat 34, Iron Works 58, London is Pudding Mill Lane station which is 700 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 34, Iron Works 58, London, 34.7% of property is socially rented and 32.2% 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 34, Iron Works 58, London, 24.9% of residents are recorded as possessing school level qualifications and 55.1% 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 34, Iron Works 58, London, the average age was 32.7 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 34, Iron Works 58, London, 1.2% 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 34, Iron Works 58, 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.