According to the public record, Flat 4, Wellington Building 108-118, London is a modern leasehold apartment with 635 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a balcony.
The apartment is in Wellington Building, Wellington Road, London, E7.
Wellington Road, London, E7 is located in the borough of Newham within the E7 postal district.
Flat 4, Wellington Building 108-118, London has 2 entries in the Land Registry database, most recently in February 2015 and a single entry in the EPC database dated December 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 Wellington Building 108-118 London as £408,740 and the rental value as £1,819 per month giving an expected gross yield of 5.3%.
Over the last 12 months the sale value of Flat 4 Wellington Building 108-118 London has increased by £7,808 (1.9%) and its rental value has increased by £55 per month (3.0%).
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 4, Wellington Building 108-118, London is in very good condition we estimate a sale value of £429,177 and rental value of £1,910 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £380,128 and a rental value of £1,691 per month.
If you were able to purchase this property for the estimated value of £408,740, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,009 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, Wellington Building 108-118, London was last sold on 04 Feb 2015 for £274,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Feb 2015, the market for similar properties has risen 32.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 4, Wellington Building 108-118, London within a radius of 370 metres over the last 2 years.
The most recent example is Flat 5, Wellington Building 108-118, Wellington Road, London, E7 9BP, a Leasehold flat which sold for £175,000 in Oct 2009.
Read more about house prices in E7.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Wellington Road, London, E7 has a total of 91 addresses. According to our analysis of all the public data, Flat 4, Wellington Building 108-118, London is the 80th largest and the 86th most expensive property on the street.
When compared to the postcode district it is £85k less expensive than the average property in E7.
Flat 4, Wellington Building 108-118, London has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 13 Dec 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, Wellington Building 108-118, London is Forest Gate station which is 500 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, Wellington Building 108-118, London, 30.3% of property is privately rented and 28.7% 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 4, Wellington Building 108-118, London, 20.5% of residents are recorded as possessing school level qualifications and 46.2% 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, Wellington Building 108-118, London, the average age was 34.4 and the most common age was 37.
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, Wellington Building 108-118, London, 0.0% 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, Wellington Building 108-118, London, there are an average of 0.7 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.