According to the public record, Flat 505, Dryden Building 37, London is a modern leasehold apartment with 452 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom.
The apartment is in Dryden Building, Commercial Road, London, E1.
Commercial Road, London, E1 is located in the borough of Tower Hamlets within the E1 postal district.
Flat 505, Dryden Building 37, London has 31 entries in the Land Registry database, most recently in October 2023 and a single entry in the EPC database dated June 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 reasonable condition, we estimate the current sale value for Flat 505 Dryden Building 37 London as £372,149 and the rental value as £2,036 per month giving an expected gross yield of 6.6%.
Over the last 12 months the sale value of Flat 505 Dryden Building 37 London has decreased by £6,449 (1.7%) and its rental value has increased by £84 per month (4.1%).
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 505, Dryden Building 37, London is in very good condition we estimate a sale value of £390,756 and rental value of £2,138 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £346,099 and a rental value of £1,894 per month.
If you were able to purchase this property for the estimated value of £372,149, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,829 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 505, Dryden Building 37, London was last sold on 20 Oct 2023 for £365,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Oct 2023, the market for similar properties has dropped 0.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 505, Dryden Building 37, London within a radius of 190 metres over the last 2 years.
The most recent example is Flat 310, Dryden Building 37, Commercial Road, London, E1 1LF, a Leasehold flat which sold for £430,000 in Oct 2023.
Read more about house prices in E1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Our network of Estate Agents report 1 let within a 190 metres radius of Flat 505, Dryden Building 37, London over the last 2 years.
Most recently Apartment 601, Kingwood House 1, Chaucer Gardens, London, E1 8QF, a Leasehold flat let by Saint Andrews Bureau in Jul 2022.
Commercial Road, London, E1 has a total of 1484 addresses. According to our analysis of all the public data, Flat 505, Dryden Building 37, London is the 897th largest and the 573rd most expensive property on the street.
When compared to the postcode district it is £150k less expensive than the average property in E1.
Flat 505, Dryden Building 37, London has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 30 Jun 2021.
The property is connected to mains gas and has fully double glazed windows. It is heated using electric storage heaters.
The closest station to Flat 505, Dryden Building 37, London is Aldgate East 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 505, Dryden Building 37, London, 72.9% of property is privately rented and 15.9% is privately owned with a mortgage.
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 505, Dryden Building 37, London, 11.3% of residents are recorded as possessing school level qualifications and 80.4% 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 505, Dryden Building 37, London, the average age was 29.7 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 505, Dryden Building 37, 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 505, Dryden Building 37, 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.