According to the public record, Flat 45, Royal Tower Lodge 40, London is a modern leasehold apartment with 839 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a balcony.
The apartment is in Royal Tower Lodge, Cartwright Street, London, E1.
Cartwright Street, London, E1 is located in the borough of Tower Hamlets within the E1 postal district.
Flat 45, Royal Tower Lodge 40, London has 2 entries in the Land Registry database, most recently in April 2019 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 45 Royal Tower Lodge 40 London as £592,700 and the rental value as £3,059 per month giving an expected gross yield of 6.2%.
Over the last 12 months the sale value of Flat 45 Royal Tower Lodge 40 London has decreased by £13,070 (2.2%) and its rental value has increased by £109 per month (3.6%).
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, Royal Tower Lodge 40, London is in very good condition we estimate a sale value of £622,335 and rental value of £3,212 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £551,211 and a rental value of £2,845 per month.
If you were able to purchase this property for the estimated value of £592,700, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,913 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, Royal Tower Lodge 40, London was last sold on 25 Apr 2019 for £725,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Apr 2019, the market for similar properties has dropped 7.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 45, Royal Tower Lodge 40, London within a radius of 290 metres over the last 2 years.
The most recent example is Flat 12, 43-45, East Smithfield, London, E1W 1AP, a Leasehold flat which sold for £485,000 in Jun 2022.
Read more about house prices in E1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Our network of Estate Agents report 3 lets within a 290 metres radius of Flat 45, Royal Tower Lodge 40, London over the last 2 years.
Most recently Apartment 406, Admiralty House 150, Vaughan Way, London, E1W 2AH, a Leasehold flat let by Saint Andrews Bureau in Aug 2023.
Cartwright Street, London, E1 has a total of 80 addresses. According to our analysis of all the public data, Flat 45, Royal Tower Lodge 40, London is the 12th largest and the 10th most expensive property on the street.
When compared to the postcode district it is £71k more expensive than the average property in E1.
Flat 45, Royal Tower Lodge 40, London has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 14 Nov 2022.
The property is not connected to mains gas and has fully double glazed windows. It is heated using an electric air source heat pump and underfloor heating.
The closest station to Flat 45, Royal Tower Lodge 40, London is Tower Gateway 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, Royal Tower Lodge 40, London, 58.4% of property is privately rented and 13.7% is privately owned outright.
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, Royal Tower Lodge 40, London, 6.1% of residents are recorded as possessing school level qualifications and 68.7% 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, Royal Tower Lodge 40, London, the average age was 32.5 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 45, Royal Tower Lodge 40, London, 8.9% 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, Royal Tower Lodge 40, London, there are an average of 0.4 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.