According to the public record, Flat 47, The Lumiere Building 544, London is a modern leasehold apartment with 828 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms.
The apartment is in The Lumiere Building, Romford Road, London, E7.
Romford Road, London, E7 is located in the borough of Newham within the E7 postal district.
Flat 47, The Lumiere Building 544, London has 31 entries in the Land Registry database, most recently in June 2014 and a single entry in the EPC database dated June 2019.
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 47 The Lumiere Building 544 London as £323,575 and the rental value as £1,946 per month giving an expected gross yield of 7.2%.
Over the last 12 months the sale value of Flat 47 The Lumiere Building 544 London has increased by £7,696 (2.4%) and its rental value has increased by £74 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 47, The Lumiere Building 544, London is in very good condition we estimate a sale value of £339,753 and rental value of £2,043 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £300,924 and a rental value of £1,810 per month.
If you were able to purchase this property for the estimated value of £323,575, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,590 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 47, The Lumiere Building 544, London was last sold on 20 Jun 2014 for £209,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Jun 2014, the market for similar properties has risen 43.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 47, The Lumiere Building 544, London within a radius of 370 metres over the last 2 years.
The most recent example is 69, Queensberry Place, London, E12 6UN, a Leasehold flat which sold for £315,000 in Aug 2022.
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 47, The Lumiere Building 544, London is the 202nd largest and the 308th most expensive property on the street.
When compared to the postcode district it is £170k less expensive than the average property in E7.
Flat 47, The Lumiere Building 544, London has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 25 Jun 2019.
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 47, The Lumiere Building 544, London is Woodgrange Park station which is 0 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 47, The Lumiere Building 544, London, 44.4% of property is socially rented and 43.6% is privately 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 47, The Lumiere Building 544, London, 26.3% of residents are recorded as possessing school level qualifications and 40.4% 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 47, The Lumiere Building 544, London, the average age was 32.7 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 47, The Lumiere Building 544, 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 47, The Lumiere Building 544, 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.