As updated by Saint Andrews Bureau in May 2023, Flat 62, Sugar Quay 1, London is a modern leasehold apartment with 635 ft2 of internal area comprising 2 bedrooms with a balcony.
There are 993 years remaining on the lease.
The apartment is in Sugar Quay, Water Lane, London, EC3.
Water Lane, London, EC3 is located in the borough of City and County of the City of London within the EC3 postal district.
Based on both the data supplied by Saint Andrews Bureau and the public information available in the area, we estimate the current sale value for Flat 62 Sugar Quay 1 London as £966,769 and the rental value as £3,234 per month giving an expected gross yield of 4%.
Saint Andrews Bureau described the decorative condition as fair in May 2023.
Over the last 12 months the sale value of Flat 62 Sugar Quay 1 London has decreased by £10,366 (1.1%) and its rental value has increased by £114 per month (3.5%).
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 62, Sugar Quay 1, London is in very good condition we estimate a sale value of £1,015,107 and rental value of £3,395 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £899,095 and a rental value of £3,007 per month.
If you were able to purchase this property for the estimated value of £966,769, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £4,751 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 62, Sugar Quay 1, London was last sold on 29 Jun 2018 for £874,125 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Jun 2018, the market for similar properties has dropped 4.8%
According to Saint Andrews Bureau , Flat 62, Sugar Quay 1, London was let once since 2021 with the latest being in May 2023 for an undisclosed price.
Since May 2023, the market values of similar properties has risen 4.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 62, Sugar Quay 1, London within a radius of 0m over the last 2 years.
The most recent example is Flat 102, Sugar Quay 1, Water Lane, London, EC3R 6AP, a Leasehold flat which sold for £930,000 in Dec 2018.
Read more about house prices in EC3.
Our network of Estate Agents report 2 lets within a 588m radius of Flat 62, Sugar Quay 1, London over the last 2 years.
Most recently 2 Tudor House, Duchess Walk, London, SE1 2SA, a Leasehold flat let by Saint Andrews Bureau for an undisclosed amount in Feb 2024.
Water Lane, London, EC3 has a total of 165 addresses. According to our analysis of all the public data, Flat 62, Sugar Quay 1, London is the 98th largest and the 101st most expensive property on the street.
When compared to the postcode district it is £14k more expensive than the average property in EC3.
Flat 62, Sugar Quay 1, London has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 30 May 2018.
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 62, Sugar Quay 1, London is Tower Hill station which is 300 m 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 62, Sugar Quay 1, London, 93.5% of property is socially rented and 5.8% 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 62, Sugar Quay 1, London, 23.5% of residents are recorded as possessing school level qualifications and 29.5% 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 62, Sugar Quay 1, London, the average age was 40.7 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 62, Sugar Quay 1, 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 62, Sugar Quay 1, 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.