According to the public record, Flat 7, Mclagan House 3, London is a mid-century leasehold apartment with 505 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in Mclagan House, Grantham Road, London, E12.
Grantham Road, London, E12 is located in the borough of Newham within the E12 postal district.
Flat 7, Mclagan House 3, London has a single entry in the Land Registry database from January 2013 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 Mclagan House 3 London as £232,266 and the rental value as £1,379 per month giving an expected gross yield of 7.1%.
Over the last 12 months the sale value of Flat 7 Mclagan House 3 London has increased by £1,512 (0.7%) and its rental value has increased by £48 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 7, Mclagan House 3, London is in very good condition we estimate a sale value of £243,879 and rental value of £1,448 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £216,007 and a rental value of £1,283 per month.
If you were able to purchase this property for the estimated value of £232,266, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,142 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, Mclagan House 3, London was last sold on 25 Jan 2013 for £125,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Jan 2013, the market for similar properties has risen 75.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 7, Mclagan House 3, London within a radius of 380 metres over the last 2 years.
The most recent example is Flat 7, Oldham House 3A, Grantham Road, London, E12 5AH, a Leasehold flat which sold for £215,000 in Apr 2019.
Read more about house prices in E12.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Grantham Road, London, E12 has a total of 607 addresses. According to our analysis of all the public data, Flat 7, Mclagan House 3, London is the 405th largest and the 252nd most expensive property on the street.
When compared to the postcode district it is £193k less expensive than the average property in E12.
Flat 7, Mclagan House 3, London has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 29 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, Mclagan House 3, London is Ilford station which is 700 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, Mclagan House 3, London, 55.2% of property is socially rented and 23.4% 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 7, Mclagan House 3, London, 33.7% of residents are recorded as possessing school level qualifications and 33.3% 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, Mclagan House 3, London, the average age was 32 and the most common age was 12.
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, Mclagan House 3, London, 0.5% 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, Mclagan House 3, London, there are an average of 0.5 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.