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Apartments of this size in this area normally have 2 bedrooms.
Based on available information, and assuming reasonable condition, the estimated sale value for 2, Cumberland Mills Square is £413,544 and the estimated rental value is £2,428 per month.
Cumberland Mills Square, London, E14 is located in the borough of Tower Hamlets within the E14 postal district.
2, Cumberland Mills Square has no recent1 records in the the Land Registry and a single entry in the EPC database dated November 2021.
We combine this information with public data of neighbouring properties to estimate the property attributes and values.
The local information is scored as 5 out of 5 and is considered of high 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 2, Cumberland Mills Square is in very good condition we estimate a sale value of £434,221 and a rental value of £2,549 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £384,596 and a rental value of £2,258 per month.
Over the last 12 months the sale value of 2 Cumberland Mills Square has decreased by an estimated £11,300 (2.7%) and its rental value has increased by an estimated £135 per month (5.5%), giving an expected gross yield of 7%.
2, Cumberland Mills Square has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 27 Nov 2021.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
According to HM Land Registry, 2, Cumberland Mills Square was last sold on 21st May 2004 for £210,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2, Cumberland Mills Square within a radius of 490 metres over the last 2 years.
The most recent example is Flat 37, Luralda Wharf 40, Saunders Ness Road, London, E14 3BY, a leasehold flat which sold for £415,000 on the 5th October 2022.
Read more about house prices in E14.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Cumberland Mills Square, London, E14 has a total of 87 addresses. According to our analysis of all the public data, 2, Cumberland Mills Square is the 76th largest and the 70th most expensive property on the street.
When compared to the postcode district it is £59k less expensive than the average property in E14.
The nearest school is George Green's School which is 136 metres away. The nearest train station is Island Gardens which is 300 metres away.
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