According to the public record, Flat 9, 2G, Vale Road, London is a modern leasehold apartment with 656 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in 2G, Vale Road, London, E7.
Vale Road, London, E7 is located in the borough of Newham within the E7 postal district.
Flat 9, 2G, Vale Road, London has a single entry in the Land Registry database from March 2023 and a single entry in the EPC database dated September 2021.
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 good condition, we estimate the current sale value for Flat 9 2G Vale Road London as £401,068 and the rental value as £1,942 per month giving an expected gross yield of 5.8%.
Over the last 12 months the sale value of Flat 9 2G Vale Road London has increased by £11,366 (2.8%) and its rental value has increased by £75 per month (3.9%).
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 9, 2G, Vale Road, London is in very good condition we estimate a sale value of £421,122 and rental value of £2,039 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £372,993 and a rental value of £1,806 per month.
If you were able to purchase this property for the estimated value of £401,068, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,971 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 9, 2G, Vale Road, London was last sold on 21 Mar 2023 for £365,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Mar 2023, the market for similar properties has risen 1.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 9, 2G, Vale Road, London within a radius of 340 metres over the last 2 years.
The most recent example is Flat 2, 2G, Vale Road, London, E7 8FE, a Leasehold flat which sold for £540,000 in Dec 2022.
Read more about house prices in E7.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Vale Road, London, E7 has a total of 68 addresses. According to our analysis of all the public data, Flat 9, 2G, Vale Road, London is the 37th largest and the 32nd most expensive property on the street.
When compared to the postcode district it is £92k less expensive than the average property in E7.
Flat 9, 2G, Vale Road, London has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 06 Sep 2021.
The property is not connected to mains gas and has high performance glazing. It is heated using an electric air source heat pump and underfloor heating.
The closest station to Flat 9, 2G, Vale Road, London is Forest Gate station which is 500 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 9, 2G, Vale Road, London, 80.7% of property is privately rented and 8.6% is socially 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 9, 2G, Vale Road, London, 28.3% of residents are recorded as possessing school level qualifications and 37.3% 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 9, 2G, Vale Road, London, the average age was 33 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 9, 2G, Vale Road, London, 0.7% 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 9, 2G, Vale Road, 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.