According to the public record, Flat 7, Edge Apartments 1, London is a modern leasehold apartment with 525 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a balcony.
The apartment is in Edge Apartments, Lett Road, London, E15.
Lett Road, London, E15 is located in the borough of Newham within the E15 postal district.
Flat 7, Edge Apartments 1, London has 2 entries in the Land Registry database, most recently in November 2018 and a single entry in the EPC database dated May 2010.
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 Edge Apartments 1 London as £349,948 and the rental value as £2,220 per month giving an expected gross yield of 7.6%.
Over the last 12 months the sale value of Flat 7 Edge Apartments 1 London has increased by £1,395 (0.4%) and its rental value has increased by £48 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, Edge Apartments 1, London is in very good condition we estimate a sale value of £367,446 and rental value of £2,331 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £325,452 and a rental value of £2,064 per month.
If you were able to purchase this property for the estimated value of £349,948, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,720 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, Edge Apartments 1, London was last sold on 22 Nov 2018 for £310,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Nov 2018, the market for similar properties has risen 4.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 7, Edge Apartments 1, London within a radius of 290 metres over the last 2 years.
The most recent example is Flat 15, 1, Ward Road, London, E15 2LB, a Leasehold flat which sold for £99,000 in Aug 2023.
Read more about house prices in E15.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Lett Road, London, E15 has a total of 235 addresses. According to our analysis of all the public data, Flat 7, Edge Apartments 1, London is the 117th largest and the 118th most expensive property on the street.
When compared to the postcode district it is £89k less expensive than the average property in E15.
Flat 7, Edge Apartments 1, London has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 06 May 2010.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Community scheme, wood pellets.
The closest station to Flat 7, Edge Apartments 1, London is Stratford High Street 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, Edge Apartments 1, London, 61.5% of property is privately rented and 19.2% 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, Edge Apartments 1, London, 12.4% of residents are recorded as possessing school level qualifications and 71.0% 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, Edge Apartments 1, London, the average age was 33.6 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, Edge Apartments 1, London, 1.6% 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 7, Edge Apartments 1, 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.