According to the public record, Flat 7, Lomond House 203, London is a modern leasehold apartment with 738 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in Lomond House, Chargeable Lane, London, E13.
Chargeable Lane, London, E13 is located in the borough of Newham within the E13 postal district.
Flat 7, Lomond House 203, London has a single entry in the Land Registry database from May 2021 and a single entry in the EPC database dated January 2012.
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 Lomond House 203 London as £156,539 and the rental value as £914 per month giving an expected gross yield of 7%.
Over the last 12 months the sale value of Flat 7 Lomond House 203 London has increased by £5,675 (3.6%) and its rental value has increased by £51 per month (5.6%).
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, Lomond House 203, London is in very good condition we estimate a sale value of £164,366 and rental value of £960 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £145,581 and a rental value of £850 per month.
If you were able to purchase this property for the estimated value of £156,539, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £769 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, Lomond House 203, London was last sold on 14 May 2021 for £145,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since May 2021, the market for similar properties has risen 7.9%
According to the Land Registry and our network of Estate Agents, there have been 1 sale of a property similar to Flat 7, Lomond House 203, London within a radius of 350 metres over the last 2 years.
The most recent example is Flat 5, Lomond House 203, Chargeable Lane, London, E13 8DW, a Leasehold flat which sold for £125,000 in Apr 2016.
Read more about house prices in E13.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Chargeable Lane, London, E13 has a total of 129 addresses. According to our analysis of all the public data, Flat 7, Lomond House 203, London is the 58th largest and the 76th most expensive property on the street.
When compared to the postcode district it is £220k less expensive than the average property in E13.
Flat 7, Lomond House 203, London has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 31 Jan 2012.
The property is not connected to mains gas and has high performance glazing. It is heated using a boiler and radiators.
The closest station to Flat 7, Lomond House 203, London is Star Lane station which is 900 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, Lomond House 203, London, 35.4% of property is privately rented and 26.3% 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, Lomond House 203, London, 32.2% of residents are recorded as possessing school level qualifications and 35.3% 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, Lomond House 203, London, the average age was 33.4 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, Lomond House 203, London, 0.3% 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, Lomond House 203, London, there are an average of 0.8 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.