According to the public record, Flat 501, Gateway House 24, London is a modern leasehold apartment with 1,862 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms with a roof terrace.
The apartment is in Gateway House, Cavell Street, London, E1.
Cavell Street, London, E1 is located in the borough of Tower Hamlets within the E1 postal district.
Flat 501, Gateway House 24, London has a single entry in the Land Registry database from February 2017 and a single entry in the EPC database dated November 2016.
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 501 Gateway House 24 London as £618,679 and the rental value as £3,429 per month giving an expected gross yield of 6.7%.
Over the last 12 months the sale value of Flat 501 Gateway House 24 London has decreased by £14,722 (2.4%) and its rental value has increased by £118 per month (3.4%).
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 501, Gateway House 24, London is in very good condition we estimate a sale value of £649,613 and rental value of £3,601 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £575,371 and a rental value of £3,189 per month.
If you were able to purchase this property for the estimated value of £618,679, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £3,041 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 501, Gateway House 24, London was last sold on 06 Feb 2017 for £736,250 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Feb 2017, the market for similar properties has dropped 12.4%
According to the Land Registry and our network of Estate Agents, there have been 3 property sales within a 250 metres radius of Flat 501, Gateway House 24, London over the last 2 years.
The most recent example is Flat 302, Gateway House 24, Cavell Street, London, E1 2HP, a Leasehold flat which sold for £572,500 in Nov 2017.
Read more about house prices in E1.
Cavell Street, London, E1 has a total of 147 addresses. According to our analysis of all the public data, Flat 501, Gateway House 24, London is the largest and the 26th most expensive property on the street.
When compared to the postcode district it is £97k more expensive than the average property in E1.
Flat 501, Gateway House 24, London has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 28 Nov 2016.
The property is not connected to mains gas and has high performance glazing. It is heated using a boiler and radiators.
The closest station to Flat 501, Gateway House 24, London is Shadwell 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 501, Gateway House 24, London, 40.9% of property is privately rented and 24.2% 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 501, Gateway House 24, London, 16.6% of residents are recorded as possessing school level qualifications and 57.7% 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 501, Gateway House 24, London, the average age was 31.9 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 501, Gateway House 24, London, 1.0% 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 501, Gateway House 24, London, there are an average of 0.3 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.