According to the public record, Flat 8, The Point 37, London is a modern leasehold apartment with 635 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in The Point, Pelly Road, London, E13.
Pelly Road, London, E13 is located in the borough of Newham within the E13 postal district.
Flat 8, The Point 37, London has a single entry in the Land Registry database from November 2018 and a single entry in the EPC database dated February 2018.
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 The Point 37 London as £291,732 and the rental value as £1,703 per month giving an expected gross yield of 7%.
Over the last 12 months the sale value of Flat 8 The Point 37 London has increased by £13,191 (4.5%) and its rental value has increased by £103 per month (6.1%).
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, The Point 37, London is in very good condition we estimate a sale value of £306,319 and rental value of £1,788 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £271,311 and a rental value of £1,584 per month.
If you were able to purchase this property for the estimated value of £291,732, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,434 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, The Point 37, London was last sold on 30 Nov 2018 for £165,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Nov 2018, the market for similar properties has risen 5.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 8, The Point 37, London within a radius of 300 metres over the last 2 years.
The most recent example is Flat F, 32, Stopford Road, London, E13 0LZ, a Leasehold flat which sold for £203,000 in Jan 2022.
Read more about house prices in E13.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Pelly Road, London, E13 has a total of 161 addresses. According to our analysis of all the public data, Flat 8, The Point 37, London is the 104th largest and the 69th most expensive property on the street.
When compared to the postcode district it is £85k less expensive than the average property in E13.
Flat 8, The Point 37, London has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 09 Feb 2018.
The property is connected to mains gas and has fully double glazed windows. It is heated using a boiler with both radiators and underfloor heating.
The closest station to Flat 8, The Point 37, London is Plaistow 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, The Point 37, London, 53.3% of property is socially rented and 22.9% is shared ownership.
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, The Point 37, London, 26.6% of residents are recorded as possessing school level qualifications and 44.6% 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, The Point 37, London, the average age was 35.1 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, The Point 37, 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, The Point 37, London, there are an average of 0.7 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.