According to the public record, Flat 608, 3, Merino Gardens, London is a modern leasehold apartment with 893 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms with a balcony.
The apartment is in 3, Merino Gardens, London, E1.
Merino Gardens, London, E1 is located in the borough of Tower Hamlets within the E1 postal district.
Flat 608, 3, Merino Gardens, London has a single entry in the Land Registry database from August 2022 and a single entry in the EPC database dated June 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 good condition, we estimate the current sale value for Flat 608 3 Merino Gardens London as £1,250,798 and the rental value as £4,957 per month giving an expected gross yield of 4.8%.
Over the last 12 months the sale value of Flat 608 3 Merino Gardens London has decreased by £4,258 (0.3%) and its rental value has increased by £274 per month (5.5%).
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 608, 3, Merino Gardens, London is in very good condition we estimate a sale value of £1,313,338 and rental value of £5,205 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £1,163,242 and a rental value of £4,610 per month.
If you were able to purchase this property for the estimated value of £1,250,798, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £6,147 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 608, 3, Merino Gardens, London was last sold on 23 Aug 2022 for £1,293,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Aug 2022, the market for similar properties has dropped 3.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 608, 3, Merino Gardens, London within a radius of 280 metres over the last 2 years.
The most recent example is Flat G03, 3, Merino Gardens, London, E1W 2DP, a Leasehold flat which sold for £1,130,000 in Dec 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 of a property similar to Flat 608, 3, Merino Gardens, London within a radius of 280 metres over the last 2 years.
Most recently Apartment 406, Admiralty House 150, Vaughan Way, London, E1W 2AH, a Leasehold flat let by Saint Andrews Bureau in Aug 2023.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Merino Gardens, London, E1 has a total of 186 addresses. According to our analysis of all the public data, Flat 608, 3, Merino Gardens, London is the 69th largest and the 69th most expensive property on the street.
When compared to the postcode district it is £729k more expensive than the average property in E1.
Flat 608, 3, Merino Gardens, London has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 13 Jun 2022.
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 608, 3, Merino Gardens, London is Shadwell 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 608, 3, Merino Gardens, London, % of property is and % is .
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 608, 3, Merino Gardens, London, 0.0% of residents are recorded as possessing school level qualifications and 0.0% as possessing degree level qualifications.
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 608, 3, Merino Gardens, London, 0.0% of property was a second home.
Comparison figures for This region 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 608, 3, Merino Gardens, London, there are an average of 0.0 cars per household.
See below for how this compares to This region and the rest of England & Wales.