According to the public record, Flat 502, Grovelea Court 7, London is a modern leasehold apartment with 538 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a balcony.
The apartment is in Grovelea Court, Monkwood Way, London, E3.
Monkwood Way, London, E3 is located in the borough of Tower Hamlets within the E3 postal district.
Flat 502, Grovelea Court 7, London has a single entry in the Land Registry database from August 2022 and a single entry in the EPC database dated August 2021.
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 good condition, we estimate the current sale value for Flat 502 Grovelea Court 7 London as £478,932 and the rental value as £2,390 per month giving an expected gross yield of 6%.
Over the last 12 months the sale value of Flat 502 Grovelea Court 7 London has decreased by £6,430 (1.3%) and its rental value has increased by £50 per month (2.1%).
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 502, Grovelea Court 7, London is in very good condition we estimate a sale value of £502,878 and rental value of £2,510 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £445,406 and a rental value of £2,223 per month.
If you were able to purchase this property for the estimated value of £478,932, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,354 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 502, Grovelea Court 7, London was last sold on 12 Aug 2022 for £482,500 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Aug 2022, the market for similar properties has dropped 2.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 502, Grovelea Court 7, London within a radius of 320 metres over the last 2 years.
The most recent example is Flat 301, Lanthorn Court 3, Monkwood Way, London, E3 2WR, a Leasehold flat which sold for £485,000 in Jun 2021.
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 2 lets within a 320 metres radius of Flat 502, Grovelea Court 7, London over the last 2 years.
Most recently Flat 124, Omega Works 4, Roach Road, London, E3 2GY, a Leasehold flat let by London Property Management in Jun 2021.
Monkwood Way, London, E3 has a total of 70 addresses. According to our analysis of all the public data, Flat 502, Grovelea Court 7, London is the 64th largest and the 58th most expensive property on the street.
When compared to the postcode district it is £39k more expensive than the average property in E3.
Flat 502, Grovelea Court 7, London has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 20 Aug 2021.
The property is not connected to mains gas and has high performance glazing. It is heated using a community scheme.
The closest station to Flat 502, Grovelea Court 7, London is Hackney Wick 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 502, Grovelea Court 7, London, 45.6% of property is socially rented and 23.9% 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 502, Grovelea Court 7, London, 28.0% of residents are recorded as possessing school level qualifications and 38.8% 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 502, Grovelea Court 7, London, the average age was 33.6 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 502, Grovelea Court 7, 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 502, Grovelea Court 7, 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.