According to the public record, Flat 8, Fawley Lodge 1, London is a mid-century 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 Fawley Lodge, Millennium Drive, London, E14.
Millennium Drive, London, E14 is located in the borough of Tower Hamlets within the E14 postal district.
Flat 8, Fawley Lodge 1, London has 31 entries in the Land Registry database, most recently in June 2021 and a single entry in the EPC database dated July 2024.
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 Fawley Lodge 1 London as £384,379 and the rental value as £2,056 per month giving an expected gross yield of 6.4%.
Over the last 12 months the sale value of Flat 8 Fawley Lodge 1 London has decreased by £1,057 (0.3%) and its rental value has increased by £105 per month (5.1%).
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, Fawley Lodge 1, London is in very good condition we estimate a sale value of £403,598 and rental value of £2,159 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £357,472 and a rental value of £1,912 per month.
If you were able to purchase this property for the estimated value of £384,379, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,889 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, Fawley Lodge 1, London was last sold on 02 Jun 2021 for £370,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Jun 2021, the market for similar properties has dropped 2.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 8, Fawley Lodge 1, London within a radius of 430 metres over the last 2 years.
The most recent example is Flat 20, Fawley Lodge 1, Millennium Drive, London, E14 3GA, a Leasehold flat which sold for £415,000 in Oct 2023.
Read more about house prices in E14.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Millennium Drive, London, E14 has a total of 208 addresses. According to our analysis of all the public data, Flat 8, Fawley Lodge 1, London is the 139th largest and the 157th most expensive property on the street.
When compared to the postcode district it is £100k less expensive than the average property in E14.
Flat 8, Fawley Lodge 1, London has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 12 Jul 2024.
The property is connected to mains gas and has fully double glazed windows. It is heated using a community scheme.
The closest station to Flat 8, Fawley Lodge 1, London is Island Gardens 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, Fawley Lodge 1, London, 45.5% of property is privately rented and 24.8% 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, Fawley Lodge 1, London, 17.1% of residents are recorded as possessing school level qualifications and 64.3% 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, Fawley Lodge 1, London, the average age was 34.3 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 8, Fawley Lodge 1, London, 1.3% 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, Fawley Lodge 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.