According to the public record, Flat 7, Welles Court 4, London is a modern leasehold apartment with 624 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a balcony.
The apartment is in Welles Court, Premiere Place, London, E14.
Premiere Place, London, E14 is located in the borough of Tower Hamlets within the E14 postal district.
Flat 7, Welles Court 4, London has 21 entries in the Land Registry database, most recently in March 2020 and a single entry in the EPC database dated June 2019.
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 Welles Court 4 London as £432,134 and the rental value as £2,247 per month giving an expected gross yield of 6.2%.
Over the last 12 months the sale value of Flat 7 Welles Court 4 London has increased by £4,753 (1.1%) and its rental value has increased by £28 per month (1.3%).
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, Welles Court 4, London is in very good condition we estimate a sale value of £453,741 and rental value of £2,359 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £401,884 and a rental value of £2,089 per month.
If you were able to purchase this property for the estimated value of £432,134, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,124 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, Welles Court 4, London was last sold on 24 Mar 2020 for £401,500 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Mar 2020, the market for similar properties has dropped 5.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 7, Welles Court 4, London within a radius of 330 metres over the last 2 years.
The most recent example is Flat 9, Kelly Court 2, Garford Street, London, E14 8JQ, a Leasehold flat which sold for £475,000 in Oct 2020.
Read more about house prices in E14.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Premiere Place, London, E14 has a total of 90 addresses. According to our analysis of all the public data, Flat 7, Welles Court 4, London is the 59th largest and the 40th most expensive property on the street.
When compared to the postcode district it is £52k less expensive than the average property in E14.
Flat 7, Welles Court 4, London has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 17 Jun 2019.
The property is not connected to mains gas and has fully double glazed windows. It is heated using electric storage heaters.
The closest station to Flat 7, Welles Court 4, London is Westferry station which is 100 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, Welles Court 4, London, 80.3% of property is privately rented and 13.4% 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, Welles Court 4, London, 21.5% of residents are recorded as possessing school level qualifications and 66.5% 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, Welles Court 4, 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, Welles Court 4, London, 0.7% 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, Welles Court 4, 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.