According to the public record, Flat 8, 3, Fairfield Road, London is a modern leasehold apartment with 1,139 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms with a balcony.
The apartment is in 3, Fairfield Road, London, E3.
Fairfield Road, London, E3 is located in the borough of Tower Hamlets within the E3 postal district.
Flat 8, 3, Fairfield Road, London has 31 entries in the Land Registry database, most recently in July 2019 and a single entry in the EPC database dated April 2010.
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 3 Fairfield Road London as £509,173 and the rental value as £3,090 per month giving an expected gross yield of 7.3%.
Over the last 12 months the sale value of Flat 8 3 Fairfield Road London has decreased by £8,399 (1.6%) and its rental value has increased by £77 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 8, 3, Fairfield Road, London is in very good condition we estimate a sale value of £534,632 and rental value of £3,245 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £473,531 and a rental value of £2,874 per month.
If you were able to purchase this property for the estimated value of £509,173, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,502 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, 3, Fairfield Road, London was last sold on 16 Jul 2019 for £470,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Jul 2019, the market for similar properties has dropped 2.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 8, 3, Fairfield Road, London within a radius of 290 metres over the last 2 years.
The most recent example is Flat 3, 86, Bow Road, London, E3 4DL, a Leasehold flat which sold for £545,000 in Apr 2022.
Read more about house prices in E3.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Fairfield Road, London, E3 has a total of 1009 addresses. According to our analysis of all the public data, Flat 8, 3, Fairfield Road, London is the 51st largest and the 211th most expensive property on the street.
When compared to the postcode district it is £69k more expensive than the average property in E3.
Flat 8, 3, Fairfield Road, London has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 16 Apr 2010.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Electric ceiling heating.
The closest station to Flat 8, 3, Fairfield Road, London is Bow Church 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 8, 3, Fairfield Road, London, 67.4% of property is privately rented and 17.9% 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 8, 3, Fairfield Road, London, 17.9% of residents are recorded as possessing school level qualifications and 74.6% 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, 3, Fairfield Road, London, the average age was 32.7 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, 3, Fairfield Road, London, 0.5% 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, 3, Fairfield Road, 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.