According to the public record, Flat 53, Seacon Tower 5, London is a modern leasehold apartment with 635 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a balcony.
The apartment is in Seacon Tower, Hutchings Street, London, E14.
Hutchings Street, London, E14 is located in the borough of Tower Hamlets within the E14 postal district.
Flat 53, Seacon Tower 5, London has a single entry in the Land Registry database from January 2014 and a single entry in the EPC database dated February 2022.
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 53 Seacon Tower 5 London as £493,080 and the rental value as £2,442 per month giving an expected gross yield of 5.9%.
Over the last 12 months the sale value of Flat 53 Seacon Tower 5 London has increased by £4,438 (0.9%) and its rental value has increased by £30 per month (1.2%).
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 53, Seacon Tower 5, London is in very good condition we estimate a sale value of £517,734 and rental value of £2,564 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £458,565 and a rental value of £2,271 per month.
If you were able to purchase this property for the estimated value of £493,080, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,423 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 53, Seacon Tower 5, London was last sold on 27 Jan 2014 for £360,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Jan 2014, the market for similar properties has risen 15.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 53, Seacon Tower 5, London within a radius of 310 metres over the last 2 years.
The most recent example is Flat 73, Vanguard Building 18, Westferry Road, London, E14 8LZ, a Leasehold flat which sold for £500,000 in Feb 2023.
Read more about house prices in E14.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Hutchings Street, London, E14 has a total of 324 addresses. According to our analysis of all the public data, Flat 53, Seacon Tower 5, London is the 192nd largest and the 110th most expensive property on the street.
When compared to the postcode district it is £9k more expensive than the average property in E14.
Flat 53, Seacon Tower 5, London has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 12 Feb 2022.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Room heaters, electric.
The closest station to Flat 53, Seacon Tower 5, London is Heron Quays 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 53, Seacon Tower 5, London, 68.3% of property is privately rented and 23.6% 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 53, Seacon Tower 5, London, 10.4% of residents are recorded as possessing school level qualifications and 82.9% 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 53, Seacon Tower 5, London, the average age was 32.5 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 53, Seacon Tower 5, London, 2.8% 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 53, Seacon Tower 5, 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.