According to the public record, Flat 7, 1, Menai Place, London is a modern leasehold apartment with 613 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in 1, Menai Place, London, E3.
Menai Place, London, E3 is located in the borough of Tower Hamlets within the E3 postal district.
Flat 7, 1, Menai Place, London has 41 entries in the Land Registry database, most recently in April 2014 and a single entry in the EPC database dated September 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 reasonable condition, we estimate the current sale value for Flat 7 1 Menai Place London as £352,445 and the rental value as £2,028 per month giving an expected gross yield of 6.9%.
Over the last 12 months the sale value of Flat 7 1 Menai Place London has decreased by £2,734 (0.8%) and its rental value has increased by £69 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 7, 1, Menai Place, London is in very good condition we estimate a sale value of £370,067 and rental value of £2,129 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £327,773 and a rental value of £1,886 per month.
If you were able to purchase this property for the estimated value of £352,445, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,732 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 7, 1, Menai Place, London was last sold on 04 Apr 2014 for £316,500 and was recorded as a leasehold flat.
The property has had 4 sales since 1995.
Since Apr 2014, the market for similar properties has risen 15.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 7, 1, Menai Place, London within a radius of 260 metres over the last 2 years.
The most recent example is Flat 6, Minton Court 105, Fairfield Road, London, E3 2ZB, a Leasehold flat which sold for £345,000 in Jun 2024.
Read more about house prices in E3.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Our network of Estate Agents report 2 lets within a 260 metres radius of Flat 7, 1, Menai Place, London over the last 2 years.
Most recently Flat 2, 31, Douro Street, London, E3 2TS, a Leasehold flat let by London Property Management in Aug 2021.
Menai Place, London, E3 has a total of 32 addresses. According to our analysis of all the public data, Flat 7, 1, Menai Place, London is the 30th largest and the 30th most expensive property on the street.
When compared to the postcode district it is £87k less expensive than the average property in E3.
Flat 7, 1, Menai Place, London has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 10 Sep 2019.
The property is connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
The closest station to Flat 7, 1, Menai Place, London is Bow Church 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 7, 1, Menai Place, London, 43.9% of property is privately rented and 21.4% 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 7, 1, Menai Place, London, 12.7% of residents are recorded as possessing school level qualifications and 66.2% 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 7, 1, Menai Place, London, the average age was 32.7 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 7, 1, Menai Place, 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 7, 1, Menai Place, London, there are an average of 0.3 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.