According to the public record, Flat 5, Oceanis Apartments 19, London is a modern leasehold apartment with 656 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in Oceanis Apartments, Seagull Lane, London, E16.
Seagull Lane, London, E16 is located in the borough of Newham within the E16 postal district.
Flat 5, Oceanis Apartments 19, London has a single entry in the Land Registry database from February 2019 and a single entry in the EPC database dated July 2012.
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 Oceanis Apartments 19 London as £359,195 and the rental value as £2,052 per month giving an expected gross yield of 6.9%.
Over the last 12 months the sale value of Flat 5 Oceanis Apartments 19 London has increased by £3,665 (1.0%) and its rental value has increased by £100 per month (4.9%).
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, Oceanis Apartments 19, London is in very good condition we estimate a sale value of £377,155 and rental value of £2,155 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £334,052 and a rental value of £1,909 per month.
If you were able to purchase this property for the estimated value of £359,195, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,765 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, Oceanis Apartments 19, London was last sold on 21 Feb 2019 for £135,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Feb 2019, the market for similar properties has dropped 2.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 5, Oceanis Apartments 19, London within a radius of 280 metres over the last 2 years.
The most recent example is Flat 39, Oceanis Apartments 19, Seagull Lane, London, E16 1BY, a Leasehold flat which sold for £380,000 in Dec 2022.
Read more about house prices in E16.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Our network of Estate Agents report 1 let within a 280 metres radius of Flat 5, Oceanis Apartments 19, London over the last 2 years.
Most recently 706, Gateway Tower 28, Western Gateway, London, E16 1YL, a Leasehold flat let by Saint Andrews Bureau in Mar 2024.
Seagull Lane, London, E16 has a total of 270 addresses. According to our analysis of all the public data, Flat 5, Oceanis Apartments 19, London is the 98th largest and the 145th most expensive property on the street.
When compared to the postcode district it is £29k less expensive than the average property in E16.
Flat 5, Oceanis Apartments 19, London has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 24 Jul 2012.
The property is connected to mains gas and has fully double glazed windows. It is heated using a community scheme.
The closest station to Flat 5, Oceanis Apartments 19, London is Royal Victoria 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 5, Oceanis Apartments 19, London, 44.6% of property is shared ownership and 26.1% 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, Oceanis Apartments 19, London, 14.3% of residents are recorded as possessing school level qualifications and 70.0% 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, Oceanis Apartments 19, London, the average age was 33.3 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 5, Oceanis Apartments 19, London, 1.7% 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, Oceanis Apartments 19, 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.