According to the public record, Flat 8, Ariel Apartments 1, London is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a modern apartment with 473 ft2 of internal area and a balcony.
Apartments of this size in this area normally have 1 bedroom.
The apartment is in Ariel Apartments, Crediton Road, London, E16.
Crediton Road, London, E16 is located in the borough of Newham within the E16 postal district.
Flat 8, Ariel Apartments 1, London has a single entry in the Land Registry database from December 2009 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 8 Ariel Apartments 1 London as £253,784 and the rental value as £1,516 per month giving an expected gross yield of 7.2%.
Over the last 12 months the sale value of Flat 8 Ariel Apartments 1 London has increased by £2,114 (0.8%) and its rental value has increased by £70 per month (4.6%).
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, Ariel Apartments 1, London is in very good condition we estimate a sale value of £266,474 and rental value of £1,592 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £236,019 and a rental value of £1,410 per month.
If you were able to purchase this property for the estimated value of £253,784, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,247 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, Ariel Apartments 1, London was last sold on 21 Dec 2009 for £175,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Dec 2009, the market for similar properties has risen 59.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 8, Ariel Apartments 1, London within a radius of 320 metres over the last 2 years.
The most recent example is Flat 34, Callisto Court 108, Hammersley Road, London, E16 1FW, a Leasehold flat which sold for £276,000 in Jan 2024.
Read more about house prices in E16.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Crediton Road, London, E16 has a total of 54 addresses. According to our analysis of all the public data, Flat 8, Ariel Apartments 1, London is the 53rd largest and the 48th most expensive property on the street.
When compared to the postcode district it is £134k less expensive than the average property in E16.
Flat 8, Ariel Apartments 1, London has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 01 Aug 2008.
The property is not connected to mains gas and has windows. It is heated using a boiler and radiators.
The closest station to Flat 8, Ariel Apartments 1, London is Royal Victoria station which is 500 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, Ariel Apartments 1, London, 46.7% of property is socially rented and 25.0% 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, Ariel Apartments 1, London, 31.3% of residents are recorded as possessing school level qualifications and 48.5% 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, Ariel Apartments 1, London, the average age was 33.3 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, Ariel Apartments 1, 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 8, Ariel Apartments 1, London, there are an average of 0.6 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.