According to the public record, Flat 8, 220, Stepney Way, London is a modern leasehold apartment with 656 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a balcony.
The apartment is in 220, Stepney Way, London, E1.
Stepney Way, London, E1 is located in the borough of Tower Hamlets within the E1 postal district.
Flat 8, 220, Stepney Way, London has a single entry in the Land Registry database from August 2022 and a single entry in the EPC database dated May 2021.
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 8 220 Stepney Way London as £360,395 and the rental value as £2,166 per month giving an expected gross yield of 7.2%.
Over the last 12 months the sale value of Flat 8 220 Stepney Way London has decreased by £5,832 (1.6%) and its rental value has increased by £83 per month (3.8%).
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 8, 220, Stepney Way, London is in very good condition we estimate a sale value of £378,415 and rental value of £2,275 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £335,167 and a rental value of £2,015 per month.
If you were able to purchase this property for the estimated value of £360,395, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,771 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 8, 220, Stepney Way, London was last sold on 31 Aug 2022 for £111,250 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Aug 2022, the market for similar properties has dropped 2.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 8, 220, Stepney Way, London within a radius of 280 metres over the last 2 years.
The most recent example is Flat 13, 224, Stepney Way, London, E1 3EZ, a Leasehold flat which sold for £385,000 in Jan 2024.
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 280 metres radius of Flat 8, 220, Stepney Way, London over the last 2 years.
Most recently Flat 24, Stepney City Apartments 49, Clark Street, London, E1 3HS, a Leasehold flat let by Fine Living in Feb 2022.
Stepney Way, London, E1 has a total of 456 addresses. According to our analysis of all the public data, Flat 8, 220, Stepney Way, London is the 264th largest and the 165th most expensive property on the street.
When compared to the postcode district it is £161k less expensive than the average property in E1.
Flat 8, 220, Stepney Way, London has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 26 May 2021.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Room heaters, electric.
The closest station to Flat 8, 220, Stepney Way, London is Stepney Green 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 8, 220, Stepney Way, London, 40.4% of property is socially rented and 33.3% 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 8, 220, Stepney Way, London, 27.3% of residents are recorded as possessing school level qualifications and 42.5% 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 8, 220, Stepney Way, London, the average age was 33.6 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 8, 220, Stepney Way, London, 1.7% 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 8, 220, Stepney Way, 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.