According to the public record, Flat 4, Ralph Jackson House 331, London is a modern leasehold apartment with 505 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in Ralph Jackson House, Romford Road, London, E7.
Romford Road, London, E7 is located in the borough of Newham within the E7 postal district.
Flat 4, Ralph Jackson House 331, London has a single entry in the Land Registry database from July 2015 and a single entry in the EPC database dated September 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 4 Ralph Jackson House 331 London as £300,985 and the rental value as £1,691 per month giving an expected gross yield of 6.7%.
Over the last 12 months the sale value of Flat 4 Ralph Jackson House 331 London has increased by £8,338 (2.8%) and its rental value has increased by £64 per month (3.8%).
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 4, Ralph Jackson House 331, London is in very good condition we estimate a sale value of £316,034 and rental value of £1,776 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £279,916 and a rental value of £1,573 per month.
If you were able to purchase this property for the estimated value of £300,985, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,479 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, Ralph Jackson House 331, London was last sold on 31 Jul 2015 for £241,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Jul 2015, the market for similar properties has risen 19.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 4, Ralph Jackson House 331, London within a radius of 370 metres over the last 2 years.
The most recent example is Flat 11, Ralph Jackson House 331, Romford Road, London, E7 8AA, a Leasehold flat which sold for £130,500 in May 2021.
Read more about house prices in E7.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Romford Road, London, E7 has a total of 854 addresses. According to our analysis of all the public data, Flat 4, Ralph Jackson House 331, London is the 647th largest and the 370th most expensive property on the street.
When compared to the postcode district it is £193k less expensive than the average property in E7.
Flat 4, Ralph Jackson House 331, London has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 27 Sep 2021.
The property is connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
The closest station to Flat 4, Ralph Jackson House 331, London is Forest Gate station which is 400 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, Ralph Jackson House 331, London, 51.0% of property is privately rented and 20.0% is socially 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, Ralph Jackson House 331, London, 26.1% of residents are recorded as possessing school level qualifications and 33.4% 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, Ralph Jackson House 331, London, the average age was 33 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, Ralph Jackson House 331, London, 0.5% 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, Ralph Jackson House 331, 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.