According to the public record, Flat 37, Balearic Apartments 15, London is a modern leasehold apartment with 1,033 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms with a balcony.
The apartment is in Balearic Apartments, Western Gateway, London, E16.
Western Gateway, London, E16 is located in the borough of Newham within the E16 postal district.
Flat 37, Balearic Apartments 15, London has 21 entries in the Land Registry database, most recently in February 2024 and a single entry in the EPC database dated March 2022.
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 37 Balearic Apartments 15 London as £519,333 and the rental value as £2,664 per month giving an expected gross yield of 6.2%.
Over the last 12 months the sale value of Flat 37 Balearic Apartments 15 London has decreased by £10,539 (2.0%) and its rental value has increased by £49 per month (1.8%).
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 37, Balearic Apartments 15, London is in very good condition we estimate a sale value of £545,300 and rental value of £2,797 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £482,980 and a rental value of £2,478 per month.
If you were able to purchase this property for the estimated value of £519,333, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,552 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 37, Balearic Apartments 15, London was last sold on 02 Feb 2024 for £480,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Feb 2024, 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 37, Balearic Apartments 15, London within a radius of 330 metres over the last 2 years.
The most recent example is Flat 2, Balearic Apartments 15, Western Gateway, London, E16 1AP, a Leasehold flat which sold for £532,500 in Jul 2023.
Read more about house prices in E16.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Our network of Estate Agents report 1 let within a 330 metres radius of Flat 37, Balearic Apartments 15, London over the last 2 years.
Most recently 706, Gateway Tower 28, Western Gateway, London, E16 1YL, a Leasehold flat let by Saint Andrews Bureau in Mar 2024.
Western Gateway, London, E16 has a total of 1398 addresses. According to our analysis of all the public data, Flat 37, Balearic Apartments 15, London is the 189th largest and the 454th most expensive property on the street.
When compared to the postcode district it is £131k more expensive than the average property in E16.
Flat 37, Balearic Apartments 15, London has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 25 Mar 2022.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Room heaters, electric.
The closest station to Flat 37, Balearic Apartments 15, London is Royal Victoria 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 37, Balearic Apartments 15, London, 64.7% of property is privately rented and 24.2% 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 37, Balearic Apartments 15, London, 7.4% of residents are recorded as possessing school level qualifications and 81.6% 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 37, Balearic Apartments 15, London, the average age was 33.3 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 37, Balearic Apartments 15, 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 37, Balearic Apartments 15, 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.