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Bricks&Logic is a trading name of Urban Markets Ltd
Company No. 11113204
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VAT No. GB 287 0845 68
Registered Address: 2 Leman St, London E1 8FA
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According to the public record, 1, Michael Close is a modern freehold house with 688 ft2 of internal area and sits on a 87.6 m2 plot.
Houses of this size in this area normally have 2 bedrooms with a garden.
Based on available information, and assuming reasonable condition, the estimated sale value for 1, Michael Close is £499,995 and the estimated rental value is £3,069 per month.
Michael Close, London, E3 is located in the borough of Tower Hamlets within the E3 postal district.
1, Michael Close has a single entry in the Land Registry from October 2012 and a single entry in the EPC database dated June 2021.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 2 out of 5 and is considered of medium accuracy.
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 1, Michael Close is in very good condition we estimate a sale value of £524,995 and a rental value of £3,222 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £464,996 and a rental value of £2,854 per month.
Over the last 12 months the sale value of 1 Michael Close has decreased by an estimated £17,026 (3.4%) and its rental value has increased by an estimated £107 per month (3.5%), giving an expected gross yield of 7.4%.
According to data from HM Land Registry, 1, Michael Close sits on a plot of 88m2.
We have plot size data on 6 out of 6 other houses in the postcode and 1, Michael Close sits on the 2nd largest plot.
1, Michael Close has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 25 Jun 2021.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Room heaters, electric.
According to HM Land Registry, 1, Michael Close was last sold on 31st October 2012 for £325,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since October 2012, the market for similar properties has risen 57.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 1, Michael Close within a radius of 330 metres over the last 2 years.
The most recent example is 1A, Lockhart Street, London, E3 4BL, a freehold house which sold for £310,000 on the 17th March 2017.
Read more about house prices in E3.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Michael Close, London, E3 has a total of 6 addresses. According to our analysis of all the public data, 1, Michael Close is the 5th largest and the 5th most expensive property on the street.
When compared to the postcode district it is £53k more expensive than the average property in E3.
The nearest school is St Paul With St Luke CofE Primary Federation which is 390 metres away. The nearest train station is Mile End which is 500 metres away.
Please login for all schools and rail links, broadband speeds, floodrisk and area demographics information including levels of education, home ownership and more.
