According to the public record, Unit 2, Innovation Studios 4, London is a modern leasehold apartment and with 1,054 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms.
The apartment is in Innovation Studios, Long Street, London, E2.
Long Street, London, E2 is located in the borough of Hackney within the E2 postal district.
Unit 2, Innovation Studios 4, London has 21 entries in the Land Registry database, most recently in March 2012 and 2 entries in the EPC database, most recently in April 2023.
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 Unit 2 Innovation Studios 4 London as £728,125 and the rental value as £3,396 per month giving an expected gross yield of 5.6%.
Over the last 12 months the sale value of Unit 2 Innovation Studios 4 London has increased by £12,170 (1.7%) and its rental value has increased by £207 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 Unit 2, Innovation Studios 4, London is in very good condition we estimate a sale value of £764,531 and rental value of £3,566 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £677,156 and a rental value of £3,159 per month.
If you were able to purchase this property for the estimated value of £728,125, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £3,579 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, Unit 2, Innovation Studios 4, London was last sold on 30 Mar 2012 for £499,950 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Mar 2012, the market for similar properties has risen 47.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Unit 2, Innovation Studios 4, London within a radius of 56m over the last 2 years.
The most recent example is Flat 5, Atlantic House 14, Waterson Street, London, E2 8HH, a Leasehold flat which sold for £625,000 in Apr 2023.
Read more about house prices in E2.
Our network of Estate Agents report 1 let within a 169m radius of Unit 2, Innovation Studios 4, London over the last 2 years.
Most recently 43 Rosewood Building, Cremer Street, London, E2 8GX, a Leasehold flat let by Saint Andrews Bureau for an undisclosed amount in Sep 2022.
Long Street, London, E2 has a total of 402 addresses. According to our analysis of all the public data, Unit 2, Innovation Studios 4, London is the 38th largest and the 79th most expensive property on the street.
When compared to the postcode district it is £217k more expensive than the average property in E2.
Unit 2, Innovation Studios 4, London has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 06 Apr 2023.
The property is not connected to mains gas and has fully double glazed windows. It is heated using an electric boiler and radiators.
The closest station to Unit 2, Innovation Studios 4, London is Hoxton station which is 200 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 Unit 2, Innovation Studios 4, London, 61.7% of property is privately rented and 19.5% 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 Unit 2, Innovation Studios 4, London, 6.5% of residents are recorded as possessing school level qualifications and 78.4% 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 Unit 2, Innovation Studios 4, London, the average age was 34.3 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 Unit 2, Innovation Studios 4, 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 Unit 2, Innovation Studios 4, London, there are an average of 0.1 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.