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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, 2, Otto Buildings is a modern leasehold apartment with 1,679 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms with a balcony.
Based on available information, and assuming reasonable condition, the estimated sale value for 2, Otto Buildings is £1,113,473 and the estimated rental value is £4,500 per month.
The apartment is within Otto Buildings, Downs Road, London, E5.
Downs Road, London, E5 is located in the borough of Hackney within the E5 postal district.
2, Otto Buildings has a single entry in the Land Registry from February 2020 and a single entry in the EPC database dated April 2019.
We combine this information with that 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, Otto Buildings is in very good condition we estimate a sale value of £1,169,147 and a rental value of £4,725 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £1,035,530 and a rental value of £4,185 per month.
Over the last 12 months the sale value of 2 Otto Buildings has decreased by an estimated £34,897 (3.1%) and its rental value has increased by an estimated £217 per month (4.8%), giving an expected gross yield of 4.8%.
2, Otto Buildings has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 29 Apr 2019.
The property is not connected to mains gas and has high performance glazing. It is heated using Community scheme.
According to HM Land Registry, 2, Otto Buildings was last sold on 28th February 2020 for £995,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since February 2020, the market for similar properties has dropped 22.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2, Otto Buildings within a radius of 340 metres over the last 2 years.
The most recent example is 8, Otto Buildings, Downs Road, London, E5 8DE, a leasehold flat which sold for £975,000 on the 24th April 2020.
Read more about house prices in E5.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Downs Road, London, E5 has a total of 298 addresses. According to our analysis of all the public data, 2, Otto Buildings is the 2nd largest and the 2nd most expensive property on the street.
When compared to the postcode district it is £533k more expensive than the average property in E5.
The closest station to 2, Otto Buildings is Rectory Road station which is 700 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 2, Otto Buildings, % of property is and % is .
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 2, Otto Buildings, 0.0% of residents are recorded as possessing school level qualifications and 0.0% as possessing degree level qualifications.
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 2, Otto Buildings, 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 2, Otto Buildings, there are an average of 0.0 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.
