According to the public record, Flat 6, 1, Forge Square, London is a modern leasehold apartment with 753 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a balcony.
The apartment is in 1, Forge Square, London, E14.
Forge Square, London, E14 is located in the borough of Tower Hamlets within the E14 postal district.
Flat 6, 1, Forge Square, London has a single entry in the Land Registry database from October 2014 and a single entry in the EPC database dated April 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 6 1 Forge Square London as £492,775 and the rental value as £2,604 per month giving an expected gross yield of 6.3%.
Over the last 12 months the sale value of Flat 6 1 Forge Square London has decreased by £507 (0.1%) and its rental value has increased by £86 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 6, 1, Forge Square, London is in very good condition we estimate a sale value of £517,414 and rental value of £2,734 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £458,281 and a rental value of £2,422 per month.
If you were able to purchase this property for the estimated value of £492,775, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,422 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 6, 1, Forge Square, London was last sold on 16 Oct 2014 for £445,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Oct 2014, the market for similar properties has risen 9.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 6, 1, Forge Square, London within a radius of 280 metres over the last 2 years.
The most recent example is Flat 14, Tasman Court 244, Westferry Road, London, E14 3QJ, a Leasehold flat which sold for £500,000 in Nov 2022.
Read more about house prices in E14.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Forge Square, London, E14 has a total of 178 addresses. According to our analysis of all the public data, Flat 6, 1, Forge Square, London is the 92nd largest and the 25th most expensive property on the street.
When compared to the postcode district it is £8k more expensive than the average property in E14.
Flat 6, 1, Forge Square, London has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 20 Apr 2022.
The property is not connected to mains gas and has fully double glazed windows. It is heated using a community scheme.
The closest station to Flat 6, 1, Forge Square, London is Mudchute 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 6, 1, Forge Square, London, 64.0% of property is privately rented and 18.9% 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 6, 1, Forge Square, London, 15.9% of residents are recorded as possessing school level qualifications and 70.0% 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 6, 1, Forge Square, 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 6, 1, Forge Square, London, 2.9% 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 6, 1, Forge Square, 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.