According to the public record, Flat G01, Hemp Apartments 70, London is a modern leasehold apartment with 742 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in Hemp Apartments, Richard Tress Way, London, E3.
Richard Tress Way, London, E3 is located in the borough of Tower Hamlets within the E3 postal district.
Flat G01, Hemp Apartments 70, London has 2 entries in the Land Registry database, most recently in September 2021 and a single entry in the EPC database dated November 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 G01 Hemp Apartments 70 London as £512,887 and the rental value as £2,493 per month giving an expected gross yield of 5.8%.
Over the last 12 months the sale value of Flat G01 Hemp Apartments 70 London has decreased by £1,349 (0.3%) and its rental value has increased by £96 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 G01, Hemp Apartments 70, London is in very good condition we estimate a sale value of £538,531 and rental value of £2,617 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £476,985 and a rental value of £2,318 per month.
If you were able to purchase this property for the estimated value of £512,887, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,521 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 G01, Hemp Apartments 70, London was last sold on 23 Sep 2021 for £635,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Sep 2021, the market for similar properties has risen 0.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat G01, Hemp Apartments 70, London within a radius of 310 metres over the last 2 years.
The most recent example is Flat G06, Longbow Apartments 71, St. Clements Avenue, London, E3 4XZ, a Leasehold flat which sold for £575,000 in Feb 2024.
Read more about house prices in E3.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Richard Tress Way, London, E3 has a total of 57 addresses. According to our analysis of all the public data, Flat G01, Hemp Apartments 70, London is the 25th largest and the 22nd most expensive property on the street.
When compared to the postcode district it is £73k more expensive than the average property in E3.
Flat G01, Hemp Apartments 70, London has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 13 Nov 2017.
The property is not connected to mains gas and has high performance glazing. It is heated using a community scheme.
The closest station to Flat G01, Hemp Apartments 70, London is Mile End 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 G01, Hemp Apartments 70, London, 42.0% of property is privately rented and 30.6% 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 G01, Hemp Apartments 70, London, 17.7% of residents are recorded as possessing school level qualifications and 53.9% 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 G01, Hemp Apartments 70, London, the average age was 30.6 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 G01, Hemp Apartments 70, 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 G01, Hemp Apartments 70, 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.