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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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Apartment 407, Eastern Building 2 is described in the public record as a modern apartment with 1,033 ft2 of internal area.
Locally, apartments of this size normally have 3 bedrooms with a balcony.
Our estimate of the sale value of Apartment 407, Eastern Building 2 is £1,688,687 and its rental estimate is £4,459 per month, given the available information and assuming reasonable condition.
Eastern Building, Triptych Place is a residential building on Triptych Place, London, SE1 and falls within the SE1 postal district and the London Borough of Southwark.
Apartment 407, Eastern Building 2 has no records in the the Land Registry and a single entry in the EPC database dated June 2023.
We combine this information with public data 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.
The condition of a property plays an important role in determining its value, with the degree of impact varying by property type, size and location.
For Apartment 407, Eastern Building 2, we estimate a market value of £1,773,121 and a rental value of £4,682 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £1,570,479 and £4,147 per month respectively.
Over the last year, Apartment 407, Eastern Building 2 has seen its estimated sale value drop by £32,342 (1.9%) and its estimated rental value rise by £222 per month (5.0%). This results in an estimated gross rental yield of 3.2%.
Apartment 407, Eastern Building 2 has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 14 Jun 2023.
The property is not connected to mains gas and has high performance glazing. It is heated using Community scheme.
Over the past 2 years 3 properties similar to Apartment 407, Eastern Building 2 have sold within a radius of 370 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 16th August 2024, was Apartment 207, Eastern Building 2, Triptych Place, London, SE1 9RD, a leasehold flat which sold for £1,811,000.
Read more about house prices in SE1.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Of the 170 addresses on Triptych Place, London, SE1, Apartment 407, Eastern Building 2 comes out as the 84th largest and the 89th most expensive in our analysis of the public data.
It is also £1.06m more expensive than the average property across the SE1 district.
From Apartment 407, Eastern Building 2, the nearest station is London Cannon Street, 600 metres away.
The flood risk here is rated very low, based on Environment Agency data.
The recent census recorded whether a resident owned or rented their home.
In the area around Apartment 407, Eastern Building 2, 53.9% of property is socially rented and 27.0% is privately rented.
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 Apartment 407, Eastern Building 2, 24.3% of residents are recorded as possessing school level qualifications and 53.0% 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 Apartment 407, Eastern Building 2, the average age was 34.4 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 Apartment 407, Eastern Building 2, 0.9% 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 Apartment 407, Eastern Building 2, there are an average of 0.3 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.
