According to the public record, Flat 5, Mayfield House, London is a mid-century leasehold apartment with 602 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in Mayfield House, Northfield Road, London, N16.
Northfield Road, London, N16 is located in the borough of Hackney within the N16 postal district.
Flat 5, Mayfield House, London has a single entry in the Land Registry database from August 2019 and a single entry in the EPC database dated January 2014.
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 5 Mayfield House London as £381,462 and the rental value as £2,046 per month giving an expected gross yield of 6.4%.
Over the last 12 months the sale value of Flat 5 Mayfield House London has increased by £8,073 (2.1%) and its rental value has increased by £136 per month (6.6%).
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 5, Mayfield House, London is in very good condition we estimate a sale value of £400,535 and rental value of £2,149 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £354,760 and a rental value of £1,903 per month.
If you were able to purchase this property for the estimated value of £381,462, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,875 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 5, Mayfield House, London was last sold on 08 Aug 2019 for £320,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Aug 2019, the market for similar properties has risen 6.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 5, Mayfield House, London within a radius of 320 metres over the last 2 years.
The most recent example is Flat 1, Mayfield House, Northfield Road, London, N16 5RU, a Leasehold flat which sold for £400,000 in Mar 2024.
Read more about house prices in N16.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Northfield Road, London, N16 has a total of 155 addresses. According to our analysis of all the public data, Flat 5, Mayfield House, London is the 110th largest and the 100th most expensive property on the street.
When compared to the postcode district it is £284k less expensive than the average property in N16.
Flat 5, Mayfield House, London has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 27 Jan 2014.
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 5, Mayfield House, London is Stamford Hill station which is 200 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 5, Mayfield House, London, 43.6% of property is socially rented and 32.3% 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 5, Mayfield House, London, 30.8% of residents are recorded as possessing school level qualifications and 28.2% 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 5, Mayfield House, London, the average age was 29.2 and the most common age was 2.
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 5, Mayfield House, London, 1.2% 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 5, Mayfield House, 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.