According to the public record, Flat 45, Balfron Tower 7, London is a mid-century Leasehold apartment with 796 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in Balfron Tower, St. Leonards Road, London, E14.
St. Leonards Road, London, E14 is located in the borough of Tower Hamlets within the E14 postal district.
Flat 45, Balfron Tower 7, London has a single entry in the Land Registry database from November 2008 and a single entry in the EPC database dated December 2023.
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 45 Balfron Tower 7 London as £244,141 and the rental value as £1,283 per month giving an expected gross yield of 6.3%.
Over the last 12 months the sale value of Flat 45 Balfron Tower 7 London has increased by £2,671 (1.1%) and its rental value has increased by £43 per month (3.3%).
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 45, Balfron Tower 7, London is in very good condition we estimate a sale value of £256,348 and rental value of £1,347 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £227,051 and a rental value of £1,193 per month.
If you were able to purchase this property for the estimated value of £244,141, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,200 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 45, Balfron Tower 7, London was last sold on 07 Nov 2008 for £185,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Nov 2008, the market for similar properties has risen 56.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 45, Balfron Tower 7, London within a radius of 310 metres over the last 2 years.
The most recent example is Flat 47, Carradale House 88, St. Leonards Road, London, E14 0SW, a Leasehold flat which sold for £240,000 in Feb 2022.
Read more about house prices in E14.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
St. Leonards Road, London, E14 has a total of 409 addresses. According to our analysis of all the public data, Flat 45, Balfron Tower 7, London is the 55th largest and the 166th most expensive property on the street.
When compared to the postcode district it is £240k less expensive than the average property in E14.
Flat 45, Balfron Tower 7, London has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 06 Dec 2023.
The property is not connected to mains gas and has high performance glazing. It is heated using a community scheme.
The closest station to Flat 45, Balfron Tower 7, London is All Saints 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 45, Balfron Tower 7, London, 73.0% of property is privately rented and 21.0% 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 45, Balfron Tower 7, London, 14.4% of residents are recorded as possessing school level qualifications and 73.7% 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 45, Balfron Tower 7, London, the average age was 37.5 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 45, Balfron Tower 7, 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 45, Balfron Tower 7, 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.