According to the public record, Flat 4, 8, Millennium Drive, London is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a modern apartment with 1,453 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms.
The apartment is in 8, Millennium Drive, London, E14.
Millennium Drive, London, E14 is located in the borough of Tower Hamlets within the E14 postal district.
Flat 4, 8, Millennium Drive, London has 31 entries in the Land Registry database, most recently in February 2006 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 4 8 Millennium Drive London as £490,478 and the rental value as £2,618 per month giving an expected gross yield of 6.4%.
Over the last 12 months the sale value of Flat 4 8 Millennium Drive London has increased by £3,155 (0.6%) and its rental value has increased by £96 per month (3.7%).
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 4, 8, Millennium Drive, London is in very good condition we estimate a sale value of £515,002 and rental value of £2,749 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £456,144 and a rental value of £2,435 per month.
If you were able to purchase this property for the estimated value of £490,478, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,411 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 4, 8, Millennium Drive, London was last sold on 13 Feb 2006 for £370,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
According to the Land Registry and our network of Estate Agents, there have been 3 property sales within a 440 metres radius of Flat 4, 8, Millennium Drive, London over the last 2 years.
The most recent example is Flat 3, 8, Millennium Drive, London, E14 3GH, a Leasehold flat which sold for £745,000 in Apr 2018.
Read more about house prices in E14.
Millennium Drive, London, E14 has a total of 208 addresses. According to our analysis of all the public data, Flat 4, 8, Millennium Drive, London is the 14th largest and the 73rd most expensive property on the street.
When compared to the postcode district it is £6k more expensive than the average property in E14.
The closest station to Flat 4, 8, Millennium Drive, London is Crossharbour 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 4, 8, Millennium Drive, London, 42.6% of property is privately owned with a mortgage and 41.7% 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 4, 8, Millennium Drive, London, 13.7% of residents are recorded as possessing school level qualifications and 77.2% 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 4, 8, Millennium Drive, London, the average age was 34.3 and the most common age was 32.
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 4, 8, Millennium Drive, London, 0.8% 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 4, 8, Millennium Drive, London, there are an average of 0.6 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.