According to the public record, Flat 5, The Driftway 182, London is a period leasehold apartment with 598 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in The Driftway, Grove Road, London, E3.
Grove Road, London, E3 is located in the borough of Tower Hamlets within the E3 postal district.
Flat 5, The Driftway 182, London has 51 entries in the Land Registry database, most recently in November 2018 and a single entry in the EPC database dated May 2011.
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 The Driftway 182 London as £499,766 and the rental value as £2,439 per month giving an expected gross yield of 5.9%.
Over the last 12 months the sale value of Flat 5 The Driftway 182 London has decreased by £0 (0.0%) and its rental value has increased by £92 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 5, The Driftway 182, London is in very good condition we estimate a sale value of £524,754 and rental value of £2,561 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £464,782 and a rental value of £2,268 per month.
If you were able to purchase this property for the estimated value of £499,766, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,456 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, The Driftway 182, London was last sold on 23 Nov 2018 for £520,000 and was recorded as a leasehold flat.
The property has had 5 sales since 1995.
Since Nov 2018, the market for similar properties has risen 0.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 5, The Driftway 182, London within a radius of 320 metres over the last 2 years.
The most recent example is Flat 7, The Driftway 182, Grove Road, London, E3 5TG, a Leasehold flat which sold for £550,000 in Sep 2022.
Read more about house prices in E3.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Our network of Estate Agents report 1 let of a property similar to Flat 5, The Driftway 182, London within a radius of 320 metres over the last 2 years.
Most recently 1A, Vivian Road, London, E3 5RE, a Leasehold flat let by Saint Andrews Bureau in Dec 2022.
Grove Road, London, E3 has a total of 215 addresses. According to our analysis of all the public data, Flat 5, The Driftway 182, London is the 121st largest and the 63rd most expensive property on the street.
When compared to the postcode district it is £60k more expensive than the average property in E3.
Flat 5, The Driftway 182, London has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 06 May 2011.
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, The Driftway 182, London is Mile End station which is 800 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, The Driftway 182, London, 34.6% of property is privately rented and 33.0% is socially 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, The Driftway 182, London, 9.7% of residents are recorded as possessing school level qualifications and 66.5% 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, The Driftway 182, London, the average age was 34.8 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 5, The Driftway 182, London, 0.3% 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, The Driftway 182, 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.