As updated by London Property Management in Apr 2022, Flat 704, Meade House 7, London is a modern 991 year lease apartment with 560 ft2 of internal area comprising 1 bedroom with a balcony.
There are 991 years remaining on the lease.
The apartment is in Meade House, Lyell Street, London, E14.
Lyell Street, London, E14 is located in the borough of Tower Hamlets within the E14 postal district.
Based on both the data supplied by London Property Management and the public information available in the area, we estimate the current sale value for Flat 704 Meade House 7 London as £404,722 and the rental value as £2,102 per month giving an expected gross yield of 6.2%.
London Property Management described the decorative condition as fair in Apr 2022.
Over the last 12 months the sale value of Flat 704 Meade House 7 London has increased by £1,339 (0.3%) and its rental value has increased by £53 per month (2.5%).
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 704, Meade House 7, London is in very good condition we estimate a sale value of £424,958 and rental value of £2,207 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £376,392 and a rental value of £1,955 per month.
If you were able to purchase this property for the estimated value of £404,722, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,989 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 London Property Management , Flat 704, Meade House 7, London was let once since 2021 with the latest being in Nov 2021 for an undisclosed price.
Since Nov 2021, the market values of similar properties has risen 31.6%
According to the Land Registry and our network of Estate Agents, there have been 3 property sales within a 270 metres radius of Flat 704, Meade House 7, London over the last 2 years.
The most recent example is Flat 601, Meade House 7, Lyell Street, London, E14 0RP, a Leasehold flat which sold for £407,500 in Dec 2023.
Read more about house prices in E14.
Our network of Estate Agents report 3 lets within a 270 metres radius of Flat 704, Meade House 7, London over the last 2 years.
Most recently 46, Lookout Lane, London, E14 0SX, a Leasehold flat let by London Property Management in Jun 2022.
Lyell Street, London, E14 has a total of 413 addresses. According to our analysis of all the public data, Flat 704, Meade House 7, London is the 245th largest and the 324th most expensive property on the street.
When compared to the postcode district it is £80k less expensive than the average property in E14.
Flat 704, Meade House 7, London has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 12 Jul 2018.
The property is not connected to mains gas and has high performance glazing. It is heated using a community scheme.
The closest station to Flat 704, Meade House 7, London is East India station which is 400 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 704, Meade House 7, London, 73.0% of property is privately rented and 21.0% 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 704, Meade House 7, London, 14.4% of residents are recorded as possessing school level qualifications and 73.7% 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 704, Meade House 7, London, the average age was 37.5 and the most common age was 32.
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 704, Meade House 7, London, 0.0% 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 704, Meade House 7, 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.