According to the public record, Flat 8, Great Eastern Buildings, London is a modern leasehold apartment and with 538 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in Great Eastern Buildings, Reading Lane, London, E8.
Reading Lane, London, E8 is located in the borough of Hackney within the E8 postal district.
Flat 8, Great Eastern Buildings, London has a single entry in the Land Registry database from April 2021 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 Great Eastern Buildings London as £469,819 and the rental value as £2,378 per month giving an expected gross yield of 6.1%.
Over the last 12 months the sale value of Flat 8 Great Eastern Buildings London has increased by £5,496 (1.2%) and its rental value has increased by £130 per month (5.5%).
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, Great Eastern Buildings, London is in very good condition we estimate a sale value of £493,310 and rental value of £2,497 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £436,932 and a rental value of £2,211 per month.
If you were able to purchase this property for the estimated value of £469,819, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,309 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, Great Eastern Buildings, London was last sold on 30 Apr 2021 for £190,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Apr 2021, the market for similar properties has risen 6.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 8, Great Eastern Buildings, London within a radius of 183m over the last 2 years.
The most recent example is Flat 30, Vanguard House 70, Martello Street, London, E8 3QQ, a Leasehold flat which sold for £425,000 in Dec 2023.
Read more about house prices in E8.
Reading Lane, London, E8 has a total of 56 addresses. According to our analysis of all the public data, Flat 8, Great Eastern Buildings, London is the 45th largest and the 53rd most expensive property on the street.
When compared to the postcode district it is £169k less expensive than the average property in E8.
Flat 8, Great Eastern Buildings, London has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 26 Jun 2017.
The property is not connected to mains gas and has high performance glazing. It is heated using a boiler and radiators.
The closest station to Flat 8, Great Eastern Buildings, London is Hackney Central station which is 300 m 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, Great Eastern Buildings, London, 30.7% of property is privately rented and 28.2% 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, Great Eastern Buildings, London, 11.6% of residents are recorded as possessing school level qualifications and 71.7% 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, Great Eastern Buildings, London, the average age was 34.7 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, Great Eastern Buildings, London, 2.2% 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, Great Eastern Buildings, 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.