According to the public record, Flat 3408, Hobart Building 2, London is a modern leasehold apartment with 419 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom with a balcony.
The apartment is in Hobart Building, Wards Place, London, E14.
Wards Place, London, E14 is located in the borough of Tower Hamlets within the E14 postal district.
Flat 3408, Hobart Building 2, London has a single entry in the Land Registry database from October 2020 and a single entry in the EPC database dated August 2020.
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 good condition, we estimate the current sale value for Flat 3408 Hobart Building 2 London as £495,134 and the rental value as £2,033 per month giving an expected gross yield of 4.9%.
Over the last 12 months the sale value of Flat 3408 Hobart Building 2 London has increased by £4,337 (0.9%) and its rental value has increased by £21 per month (1.0%).
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 3408, Hobart Building 2, London is in very good condition we estimate a sale value of £519,891 and rental value of £2,134 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £460,475 and a rental value of £1,891 per month.
If you were able to purchase this property for the estimated value of £495,134, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,433 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 3408, Hobart Building 2, London was last sold on 13 Oct 2020 for £528,500 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Oct 2020, the market for similar properties has dropped 3.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 3408, Hobart Building 2, London within a radius of 210 metres over the last 2 years.
The most recent example is Flat 3305, Hobart Building 2, Wards Place, London, E14 9XJ, a Leasehold flat which sold for £573,000 in Jul 2022.
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 3 lets of properties similar to Flat 3408, Hobart Building 2, London within a radius of 210 metres over the last 2 years.
Most recently Flat 1005, Bagshaw Building 1, Wards Place, London, E14 9DA, a Leasehold flat let by London Property Management in Aug 2022.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Wards Place, London, E14 has a total of 677 addresses. According to our analysis of all the public data, Flat 3408, Hobart Building 2, London is the 550th largest and the 550th most expensive property on the street.
When compared to the postcode district it is £11k more expensive than the average property in E14.
Flat 3408, Hobart Building 2, London has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 10 Aug 2020.
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 3408, Hobart Building 2, London is Heron Quays 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 3408, Hobart Building 2, London, 80.3% of property is privately rented and 13.4% is privately owned with a mortgage.
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 3408, Hobart Building 2, London, 21.5% of residents are recorded as possessing school level qualifications and 66.5% 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 3408, Hobart Building 2, London, the average age was 32.5 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 3408, Hobart Building 2, London, 0.7% 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 3408, Hobart Building 2, 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.