According to the public record, Flat 61, Express Wharf 3, London is a modern leasehold apartment with 536 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom.
The apartment is in Express Wharf, Hutchings Street, London, E14.
Hutchings Street, London, E14 is located in the borough of Tower Hamlets within the E14 postal district.
Flat 61, Express Wharf 3, London has a single entry in the Land Registry database from October 2019 and a single entry in the EPC database dated July 2011.
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 61 Express Wharf 3 London as £219,595 and the rental value as £1,158 per month giving an expected gross yield of 6.3%.
Over the last 12 months the sale value of Flat 61 Express Wharf 3 London has increased by £3,638 (1.7%) and its rental value has increased by £21 per month (1.8%).
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 61, Express Wharf 3, London is in very good condition we estimate a sale value of £230,575 and rental value of £1,216 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £204,223 and a rental value of £1,077 per month.
If you were able to purchase this property for the estimated value of £219,595, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,079 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 61, Express Wharf 3, London was last sold on 31 Oct 2019 for £330,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Oct 2019, the market for similar properties has dropped 4.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 61, Express Wharf 3, London within a radius of 290 metres over the last 2 years.
The most recent example is Flat 46, Express Wharf 3, Hutchings Street, London, E14 8JP, a Leasehold flat which sold for £134,750 in Sep 2023.
Read more about house prices in E14.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Hutchings Street, London, E14 has a total of 324 addresses. According to our analysis of all the public data, Flat 61, Express Wharf 3, London is the 239th largest and the 302nd most expensive property on the street.
When compared to the postcode district it is £265k less expensive than the average property in E14.
Flat 61, Express Wharf 3, London has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 26 Jul 2011.
The property is connected to mains gas and has fully double glazed windows. It is heated using an electric air source heat pump and radiators.
The closest station to Flat 61, Express Wharf 3, London is Heron Quays 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 61, Express Wharf 3, London, 74.2% of property is socially rented and 12.1% is shared ownership.
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 61, Express Wharf 3, London, 27.4% of residents are recorded as possessing school level qualifications and 33.8% 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 61, Express Wharf 3, London, the average age was 32.5 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 61, Express Wharf 3, 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 61, Express Wharf 3, 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.