According to the public record, Flat 6, 29, Mornington Grove, London is a modern leasehold apartment with 871 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms.
The apartment is in 29, Mornington Grove, London, E3.
Mornington Grove, London, E3 is located in the borough of Tower Hamlets within the E3 postal district.
Flat 6, 29, Mornington Grove, London has 21 entries in the Land Registry database, most recently in November 2022 and a single entry in the EPC database dated March 2017.
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 29 Mornington Grove London as £544,471 and the rental value as £2,753 per month giving an expected gross yield of 6.1%.
Over the last 12 months the sale value of Flat 6 29 Mornington Grove London has increased by £704 (0.1%) and its rental value has increased by £120 per month (4.3%).
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, 29, Mornington Grove, London is in very good condition we estimate a sale value of £571,695 and rental value of £2,891 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £506,358 and a rental value of £2,560 per month.
If you were able to purchase this property for the estimated value of £544,471, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,676 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, 29, Mornington Grove, London was last sold on 23 Nov 2022 for £592,500 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Nov 2022, the market for similar properties has dropped 0.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 6, 29, Mornington Grove, London within a radius of 280 metres over the last 2 years.
The most recent example is Flat 7, 86, Bow Road, London, E3 4DL, a Leasehold flat which sold for £462,500 in May 2023.
Read more about house prices in E3.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Mornington Grove, London, E3 has a total of 55 addresses. According to our analysis of all the public data, Flat 6, 29, Mornington Grove, London is the 18th largest and the 15th most expensive property on the street.
When compared to the postcode district it is £105k more expensive than the average property in E3.
Flat 6, 29, Mornington Grove, London has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 09 Mar 2017.
The property is connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
The closest station to Flat 6, 29, Mornington Grove, London is Bow Road station which is 200 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, 29, Mornington Grove, London, 37.7% of property is privately rented and 34.9% is socially 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 6, 29, Mornington Grove, London, 10.6% of residents are recorded as possessing school level qualifications and 61.1% 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, 29, Mornington Grove, London, the average age was 31 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 6, 29, Mornington Grove, London, 0.3% 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, 29, Mornington Grove, London, there are an average of 0.5 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.