According to the public record, Flat 8, Boiler House 2, Hayes 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 Boiler House, Material Walk, Hayes, UB3.
Material Walk, Hayes, UB3 is located in the borough of Hillingdon within the UB3 postal district.
Flat 8, Boiler House 2, Hayes has a single entry in the Land Registry database from September 2022 and a single entry in the EPC database dated June 2017.
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 Boiler House 2 Hayes as £351,834 and the rental value as £1,441 per month giving an expected gross yield of 4.9%.
Over the last 12 months the sale value of Flat 8 Boiler House 2 Hayes has decreased by £7,359 (2.1%) and its rental value has increased by £40 per month (2.8%).
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, Boiler House 2, Hayes is in very good condition we estimate a sale value of £369,426 and rental value of £1,513 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £327,206 and a rental value of £1,340 per month.
If you were able to purchase this property for the estimated value of £351,834, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,729 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, Boiler House 2, Hayes was last sold on 26 Sep 2022 for £330,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Sep 2022, the market for similar properties has dropped 5.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 8, Boiler House 2, Hayes within a radius of 430 metres over the last 2 years.
The most recent example is Flat 46, Bluenote Apartments 34, Blyth Road, Hayes, UB3 1FF, a Leasehold flat which sold for £370,000 in Nov 2023.
Read more about house prices in UB3.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Material Walk, Hayes, UB3 has a total of 54 addresses. According to our analysis of all the public data, Flat 8, Boiler House 2, Hayes is the 24th largest and the 24th most expensive property on the street.
When compared to the postcode district it is £45k less expensive than the average property in UB3.
Flat 8, Boiler House 2, Hayes has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 02 Jun 2017.
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 8, Boiler House 2, Hayes is Hayes & Harlington station which is 300 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, Boiler House 2, Hayes, 45.7% of property is socially rented and 25.2% 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, Boiler House 2, Hayes, 31.1% of residents are recorded as possessing school level qualifications and 24.0% 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, Boiler House 2, Hayes, the average age was 34.5 and the most common age was 37.
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, Boiler House 2, Hayes, 0.4% 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, Boiler House 2, Hayes, there are an average of 1.0 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.