According to the public record, Flat 7, Spice Court, London is a modern leasehold apartment with 548 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a balcony.
The apartment is in Spice Court, Asher Way, London, E1.
Asher Way, London, E1 is located in the borough of Tower Hamlets within the E1 postal district.
Flat 7, Spice Court, London has 21 entries in the Land Registry database, most recently in October 2011 and a single entry in the EPC database dated March 2018.
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 Spice Court London as £463,071 and the rental value as £2,459 per month giving an expected gross yield of 6.4%.
Over the last 12 months the sale value of Flat 7 Spice Court London has decreased by £9,869 (2.1%) and its rental value has increased by £74 per month (3.0%).
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, Spice Court, London is in very good condition we estimate a sale value of £486,224 and rental value of £2,582 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £430,656 and a rental value of £2,287 per month.
If you were able to purchase this property for the estimated value of £463,071, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,276 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, Spice Court, London was last sold on 05 Oct 2011 for £325,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Oct 2011, the market for similar properties has risen 38.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 7, Spice Court, London within a radius of 270 metres over the last 2 years.
The most recent example is Flat 3, Spice Court, Asher Way, London, E1W 2JD, a Leasehold flat which sold for £435,000 in Mar 2023.
Read more about house prices in E1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Our network of Estate Agents report 1 let within a 270 metres radius of Flat 7, Spice Court, London over the last 2 years.
Most recently Apartment 406, Admiralty House 150, Vaughan Way, London, E1W 2AH, a Leasehold flat let by Saint Andrews Bureau in Aug 2023.
Asher Way, London, E1 has a total of 238 addresses. According to our analysis of all the public data, Flat 7, Spice Court, London is the 196th largest and the 175th most expensive property on the street.
When compared to the postcode district it is £59k less expensive than the average property in E1.
Flat 7, Spice Court, London has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 14 Mar 2018.
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, Spice Court, London is Shadwell 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, Spice Court, London, 53.1% of property is privately rented and 28.3% 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, Spice Court, London, 14.8% of residents are recorded as possessing school level qualifications and 78.0% 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, Spice Court, London, the average age was 32.5 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, Spice Court, London, 2.0% 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, Spice Court, London, there are an average of 0.4 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.