As updated by London Property Management in May 2021, Flat 709, Grantham House 46, London is a modern 200 year lease studio apartment with 420 ft2 of internal area with a balcony.
There are 200 years remaining on the lease.
The apartment is in Grantham House, Botanic Square, London, E14.
Botanic Square, 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 709 Grantham House 46 London as £336,496 and the rental value as £1,757 per month giving an expected gross yield of 6.3%.
London Property Management described the decorative condition as fair in May 2021.
Over the last 12 months the sale value of Flat 709 Grantham House 46 London has increased by £1,597 (0.5%) and its rental value has increased by £47 per month (2.7%).
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 709, Grantham House 46, London is in very good condition we estimate a sale value of £353,321 and rental value of £1,845 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £312,941 and a rental value of £1,634 per month.
If you were able to purchase this property for the estimated value of £336,496, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,654 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 709, Grantham House 46, London was last sold on 14 Aug 2018 for £352,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Aug 2018, the market for similar properties has dropped 1.8%
According to London Property Management , Flat 709, Grantham House 46, London was let once since 2021 with the latest being in May 2021 for an undisclosed price.
Since May 2021, the market values of similar properties has risen 42.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 709, Grantham House 46, London within a radius of 270 metres over the last 2 years.
The most recent example is Flat 705, Astell House 35, Lyell Street, London, E14 0SU, a Leasehold flat which sold for £325,000 in Mar 2024.
Read more about house prices in E14.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Our network of Estate Agents report 3 lets of properties similar to Flat 709, Grantham House 46, London within a radius of 270 metres over the last 2 years.
Most recently Flat 1004, Modena House 19, Lyell Street, London, E14 0RQ, a Leasehold flat let by London Property Management in Jun 2022.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Botanic Square, London, E14 has a total of 324 addresses. According to our analysis of all the public data, Flat 709, Grantham House 46, London is the 298th largest and the 308th most expensive property on the street.
When compared to the postcode district it is £148k less expensive than the average property in E14.
Flat 709, Grantham House 46, London has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 29 Jul 2016.
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 709, Grantham House 46, London is Canary Wharf (Elizabeth line) 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 709, Grantham House 46, 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 709, Grantham House 46, 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 709, Grantham House 46, 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 709, Grantham House 46, 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 709, Grantham House 46, 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.