According to the public record, Flat 41, Theatre Building 1, London is a modern leasehold apartment with 656 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a balcony.
The apartment is in Theatre Building, Paton Close, London, E3.
Paton Close, London, E3 is located in the borough of Tower Hamlets within the E3 postal district.
Flat 41, Theatre Building 1, London has 51 entries in the Land Registry database, most recently in September 2017 and a single entry in the EPC database dated November 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 41 Theatre Building 1 London as £386,826 and the rental value as £2,184 per month giving an expected gross yield of 6.8%.
Over the last 12 months the sale value of Flat 41 Theatre Building 1 London has decreased by £8,295 (2.1%) and its rental value has increased by £43 per month (2.0%).
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 41, Theatre Building 1, London is in very good condition we estimate a sale value of £406,168 and rental value of £2,293 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £359,749 and a rental value of £2,031 per month.
If you were able to purchase this property for the estimated value of £386,826, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,901 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 41, Theatre Building 1, London was last sold on 22 Sep 2017 for £412,000 and was recorded as a leasehold flat.
The property has had 5 sales since 1995.
Since Sep 2017, the market for similar properties has dropped 6.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 41, Theatre Building 1, London within a radius of 300 metres over the last 2 years.
The most recent example is Flat 11, 2A, Campbell Road, London, E3 4DT, a Leasehold flat which sold for £400,000 in Feb 2023.
Read more about house prices in E3.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Paton Close, London, E3 has a total of 58 addresses. According to our analysis of all the public data, Flat 41, Theatre Building 1, London is the 26th largest and the 26th most expensive property on the street.
When compared to the postcode district it is £53k less expensive than the average property in E3.
Flat 41, Theatre Building 1, London has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 29 Nov 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 41, Theatre Building 1, London is Bow Church station which is 100 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 41, Theatre Building 1, London, 67.4% of property is privately rented and 17.9% 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 41, Theatre Building 1, London, 17.9% of residents are recorded as possessing school level qualifications and 74.6% 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 41, Theatre Building 1, London, the average age was 32.7 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 41, Theatre Building 1, 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 41, Theatre Building 1, London, there are an average of 0.3 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.