According to the public record, Flat 602, Rigel House 18, London is a modern leasehold apartment with 548 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a balcony.
The apartment is in Rigel House, Hemming Street, London, E1.
Hemming Street, London, E1 is located in the borough of Tower Hamlets within the E1 postal district.
Flat 602, Rigel House 18, London has a single entry in the Land Registry database from August 2019 and a single entry in the EPC database dated May 2019.
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 good condition, we estimate the current sale value for Flat 602 Rigel House 18 London as £473,215 and the rental value as £2,727 per month giving an expected gross yield of 6.9%.
Over the last 12 months the sale value of Flat 602 Rigel House 18 London has decreased by £3,090 (0.7%) and its rental value has increased by £94 per month (3.4%).
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 602, Rigel House 18, London is in very good condition we estimate a sale value of £496,876 and rental value of £2,864 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £440,090 and a rental value of £2,537 per month.
If you were able to purchase this property for the estimated value of £473,215, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,326 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 602, Rigel House 18, London was last sold on 30 Aug 2019 for £510,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Aug 2019, the market for similar properties has risen 0.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 602, Rigel House 18, London within a radius of 340 metres over the last 2 years.
The most recent example is Flat 106, Sirus House 11, Hemming Street, London, E1 5FZ, a Leasehold flat which sold for £505,000 in May 2023.
Read more about house prices in E1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Our network of Estate Agents report 1 let within a 340 metres radius of Flat 602, Rigel House 18, London over the last 2 years.
Most recently 45, Fuller Close, London, E2 6DX, a Leasehold flat let by Saint Andrews Bureau in Dec 2023.
Hemming Street, London, E1 has a total of 159 addresses. According to our analysis of all the public data, Flat 602, Rigel House 18, London is the 99th largest and the 106th most expensive property on the street.
When compared to the postcode district it is £48k less expensive than the average property in E1.
Flat 602, Rigel House 18, London has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 08 May 2019.
The property is not connected to mains gas and has high performance glazing. It is heated using a community scheme.
The closest station to Flat 602, Rigel House 18, London is Bethnal Green station which is 300 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 602, Rigel House 18, London, 61.3% of property is socially rented and 19.7% is privately 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 602, Rigel House 18, London, 22.2% of residents are recorded as possessing school level qualifications and 46.0% 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 602, Rigel House 18, London, the average age was 32.1 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 602, Rigel House 18, London, 0.6% 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 602, Rigel House 18, 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.