According to the public record, Flat 6, 6, Observatory Mews, London is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a modern apartment with 670 ft2 of internal area and a balcony.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in 6, Observatory Mews, London, E14.
Observatory Mews, London, E14 is located in the borough of Tower Hamlets within the E14 postal district.
Flat 6, 6, Observatory Mews, London has 71 entries in the Land Registry database, most recently in February 2017 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the 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 6 Observatory Mews London as £357,805 and the rental value as £1,910 per month giving an expected gross yield of 6.4%.
Over the last 12 months the sale value of Flat 6 6 Observatory Mews London has decreased by £984 (0.3%) and its rental value has increased by £98 per month (5.1%).
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 6, 6, Observatory Mews, London is in very good condition we estimate a sale value of £375,695 and rental value of £2,006 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £332,759 and a rental value of £1,777 per month.
If you were able to purchase this property for the estimated value of £357,805, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,759 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, 6, Observatory Mews, London was last sold on 03 Feb 2017 for £419,000 and was recorded as a leasehold flat.
The property has had 7 sales since 1995.
Since Feb 2017, the market for similar properties has dropped 2.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 6, 6, Observatory Mews, London within a radius of 480 metres over the last 2 years.
The most recent example is Flat 26, 5, Millennium Drive, London, E14 3GE, a Leasehold flat which sold for £425,000 in Sep 2023.
Read more about house prices in E14.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Observatory Mews, London, E14 has a total of 18 addresses. According to our analysis of all the public data, Flat 6, 6, Observatory Mews, London is the 9th largest and the 10th most expensive property on the street.
When compared to the postcode district it is £127k less expensive than the average property in E14.
The closest station to Flat 6, 6, Observatory Mews, London is Island Gardens station which is 500 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, 6, Observatory Mews, London, 45.7% of property is privately rented and 30.4% 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, 6, Observatory Mews, London, 17.8% of residents are recorded as possessing school level qualifications and 74.7% 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, 6, Observatory Mews, London, the average age was 34.3 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, 6, Observatory Mews, 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 6, 6, Observatory Mews, 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.