According to the public record, Flat 70, Luke House, London is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a mid-century apartment with 683 ft2 of internal area and a balcony.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in Luke House, Tillman Street, London, E1.
Tillman Street, London, E1 is located in the borough of Tower Hamlets within the E1 postal district.
Flat 70, Luke House, London has a single entry in the Land Registry database from February 2007 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for Flat 70 Luke House London as £249,570 and the rental value as £1,491 per month giving an expected gross yield of 7.2%.
Over the last 12 months the sale value of Flat 70 Luke House London has decreased by £4,734 (1.9%) and its rental value has increased by £60 per month (4.0%).
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 70, Luke House, London is in very good condition we estimate a sale value of £262,049 and rental value of £1,566 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £232,100 and a rental value of £1,387 per month.
If you were able to purchase this property for the estimated value of £249,570, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,227 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 70, Luke House, London was last sold on 16 Feb 2007 for £160,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Feb 2007, the market for similar properties has risen 61.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 70, Luke House, London within a radius of 270 metres over the last 2 years.
The most recent example is Flat 39, Walford House, Cannon Street Road, London, E1 1QL, a Leasehold flat which sold for £208,079 in Oct 2019.
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 70, Luke House, London over the last 2 years.
Most recently Flat 30, Hannah Building 56, Watney Street, London, E1 2QU, a Leasehold flat let by Fine Living in Jun 2023.
Tillman Street, London, E1 has a total of 108 addresses. According to our analysis of all the public data, Flat 70, Luke House, London is the 8th largest and the 28th most expensive property on the street.
When compared to the postcode district it is £272k less expensive than the average property in E1.
The closest station to Flat 70, Luke House, London is Shadwell 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 70, Luke House, London, 54.2% of property is socially rented and 30.7% 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 70, Luke House, London, 28.5% of residents are recorded as possessing school level qualifications and 35.0% 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 70, Luke House, London, the average age was 33.1 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 70, Luke House, London, 0.2% 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 70, Luke House, 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.