According to the public record, Flat 8, Lorne House, London is a early-century apartment with 904 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms.
The apartment is in Lorne House, Ben Jonson Road, London, E1.
Ben Jonson Road, London, E1 is located in the borough of Tower Hamlets within the E1 postal district.
Flat 8, Lorne House, London has no records in the Land Registry database and a single entry in the EPC database dated December 2023.
We combine this information with public data 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 Lorne House London as £340,262 and the rental value as £1,992 per month giving an expected gross yield of 7%.
Over the last 12 months the sale value of Flat 8 Lorne House London has decreased by £2,066 (0.6%) and its rental value has increased by £75 per month (3.8%).
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, Lorne House, London is in very good condition we estimate a sale value of £357,275 and rental value of £2,091 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £316,443 and a rental value of £1,852 per month.
If you were able to purchase this property for the estimated value of £340,262, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,672 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 the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 8, Lorne House, London within a radius of 280 metres over the last 2 years.
The most recent example is Flat 8, Solent House, Ben Jonson Road, London, E1 3NL, a Leasehold flat which sold for £405,000 in Jul 2020.
Read more about house prices in E1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Our network of Estate Agents report 1 let within a 280 metres radius of Flat 8, Lorne House, London over the last 2 years.
Most recently Flat 15, Johnson Lock Court 1, Candle Street, London, E1 4RP, a Leasehold flat let by Saint Andrews Bureau in Oct 2023.
Ben Jonson Road, London, E1 has a total of 231 addresses. According to our analysis of all the public data, Flat 8, Lorne House, London is the 49th largest and the 114th most expensive property on the street.
When compared to the postcode district it is £181k less expensive than the average property in E1.
Flat 8, Lorne House, London has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 08 Dec 2023.
The property is connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
The closest station to Flat 8, Lorne House, London is Limehouse 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, Lorne House, London, 90.8% of property is socially rented and 6.7% 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, Lorne House, London, 25.0% of residents are recorded as possessing school level qualifications and 39.3% 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, Lorne House, London, the average age was 31.5 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, Lorne House, London, 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, Lorne House, London, there are an average of 0.4 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.