According to the public record, Flat 7, 42, Violet Road, London is a modern leasehold apartment with 613 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a balcony.
The apartment is in 42, Violet Road, London, E3.
Violet Road, London, E3 is located in the borough of Tower Hamlets within the E3 postal district.
Flat 7, 42, Violet Road, London has 21 entries in the Land Registry database, most recently in November 2023 and a single entry in the EPC database dated October 2020.
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 42 Violet Road London as £315,158 and the rental value as £1,923 per month giving an expected gross yield of 7.3%.
Over the last 12 months the sale value of Flat 7 42 Violet Road London has decreased by £5,391 (1.7%) and its rental value has increased by £41 per month (2.2%).
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, 42, Violet Road, London is in very good condition we estimate a sale value of £330,916 and rental value of £2,020 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £293,097 and a rental value of £1,789 per month.
If you were able to purchase this property for the estimated value of £315,158, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,549 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, 42, Violet Road, London was last sold on 10 Nov 2023 for £320,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Nov 2023, the market for similar properties has dropped 0.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 7, 42, Violet Road, London within a radius of 220 metres over the last 2 years.
The most recent example is Flat 805, Hoey Court 4, Barry Blandford Way, London, E3 3TR, a Leasehold flat which sold for £317,500 in May 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 1 let within a 220 metres radius of Flat 7, 42, Violet Road, London over the last 2 years.
Most recently Flat 304, Donoghue Court 24, Barry Blandford Way, London, E3 3TW, a Leasehold flat let by London Property Management in Jul 2021.
Violet Road, London, E3 has a total of 341 addresses. According to our analysis of all the public data, Flat 7, 42, Violet Road, London is the 234th largest and the 247th most expensive property on the street.
When compared to the postcode district it is £125k less expensive than the average property in E3.
Flat 7, 42, Violet Road, London has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 02 Oct 2020.
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, 42, Violet Road, London is Devons Road station which is 200 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, 42, Violet Road, London, 49.3% of property is privately rented and 31.3% 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, 42, Violet Road, London, 10.6% of residents are recorded as possessing school level qualifications and 77.8% 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 7, 42, Violet Road, London, the average age was 31 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, 42, Violet Road, London, 0.8% 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, 42, Violet Road, 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.