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Houses of this size in this area normally have 4 bedrooms with a garden.
Based on available information, and assuming reasonable condition, the estimated sale value for 2, Painters Lane is £844,673 and the estimated rental value is £4,211 per month.
Painters Lane, London, E20 is located in the borough of Newham within the E20 postal district.
2, Painters Lane has a single entry in the Land Registry from December 2021 and a single entry in the EPC database dated November 2021.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 3 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 2, Painters Lane is in very good condition we estimate a sale value of £886,906 and a rental value of £4,422 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £785,545 and a rental value of £3,916 per month.
Over the last 12 months the sale value of 2 Painters Lane has decreased by an estimated £27,978 (3.3%) and its rental value has increased by an estimated £126 per month (3.0%), giving an expected gross yield of 6%.
According to data from HM Land Registry, 2, Painters Lane sits on a plot of 226m2.
We have plot size data on 6 out of 6 other houses in the postcode and 2, Painters Lane sits on the 6th largest plot.
2, Painters Lane has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 16 Nov 2021.
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, Painters Lane was last sold on 17th December 2021 for £840,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since December 2021, the market for similar properties has dropped 6.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2, Painters Lane within a radius of 340 metres over the last 2 years.
The most recent example is 1, Painters Lane, London, E20 1LQ, a freehold house which sold for £840,000 on the 21st January 2022.
Read more about house prices in E20.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Painters Lane, London, E20 has a total of 6 addresses. According to our analysis of all the public data, 2, Painters Lane is the 2nd largest and the most expensive property on the street.
When compared to the postcode district it is £411k more expensive than the average property in E20.
The nearest school is Colegrave Primary School which is 891 metres away. The nearest train station is Stratford International which is 500 metres away.
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