According to the public record, Flat 51, Wheel House 1, London is a modern leasehold apartment with 785 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a balcony.
The apartment is in Wheel House, Burrells Wharf Square, London, E14.
Burrells Wharf Square, London, E14 is located in the borough of Tower Hamlets within the E14 postal district.
Flat 51, Wheel House 1, London has 51 entries in the Land Registry database, most recently in February 2018 and a single entry in the EPC database dated July 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 51 Wheel House 1 London as £517,776 and the rental value as £2,725 per month giving an expected gross yield of 6.3%.
Over the last 12 months the sale value of Flat 51 Wheel House 1 London has decreased by £1,172 (0.2%) and its rental value has increased by £89 per month (3.3%).
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 51, Wheel House 1, London is in very good condition we estimate a sale value of £543,664 and rental value of £2,861 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £481,531 and a rental value of £2,534 per month.
If you were able to purchase this property for the estimated value of £517,776, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,545 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 51, Wheel House 1, London was last sold on 16 Feb 2018 for £580,000 and was recorded as a leasehold flat.
The property has had 5 sales since 1995.
Since Feb 2018, the market for similar properties has dropped 3.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 51, Wheel House 1, London within a radius of 350 metres over the last 2 years.
The most recent example is Flat 604, Chart House 6, Burrells Wharf Square, London, E14 3TW, a Leasehold flat which sold for £600,000 in Dec 2022.
Read more about house prices in E14.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Burrells Wharf Square, London, E14 has a total of 348 addresses. According to our analysis of all the public data, Flat 51, Wheel House 1, London is the 87th largest and the 51st most expensive property on the street.
When compared to the postcode district it is £33k more expensive than the average property in E14.
Flat 51, Wheel House 1, London has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 08 Jul 2016.
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 51, Wheel House 1, London is Mudchute station which is 600 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 51, Wheel House 1, London, 51.5% of property is privately rented and 28.8% 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 51, Wheel House 1, London, 5.8% of residents are recorded as possessing school level qualifications and 78.4% 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 51, Wheel House 1, London, the average age was 32.8 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 51, Wheel House 1, 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 51, Wheel House 1, London, there are an average of 0.6 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.