Flat 1, 1
Flat 1, 1
Description & Estimates
The public record lists Flat 1, 1, Pier Head as a leasehold apartment.
Comparison with its neighbours suggests a period apartment with 1,349 ft2 of internal area.
In this area, apartments of this size normally have 3 bedrooms.
Flat 1, 1, Pier Head has an estimated sale value of £1,951,726 and an estimated rental value of £7,423 per month, assuming reasonable condition and based on the information available.
The apartment sits within 1, Pier Head, London, E1.
Pier Head, London, E1 lies in the borough of Tower Hamlets, within the E1 postal district.
Our Data Sources
Flat 1, 1, Pier Head has 31 entries in the Land Registry , most recently in March 2011 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
The local information is scored as 1 out of 5 and is considered of low accuracy.
Price Range & Condition
In very good condition, we estimate Flat 1, 1, Pier Head would be worth £2,049,312, with a potential rental value of £7,794 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £1,815,105, with a rental value of £6,904 per month.
The extent to which decoration affects a property's value depends on its type, size and location.
Recent Market Change
The estimated sale value of Flat 1, 1, Pier Head has dropped by £62,998 (3.2%) over the last year. During the same period, its estimated monthly rental value has risen by £368 (5.0%). The property's estimated gross yield is currently 4.6%.
Sold Prices
Flat 1, 1, Pier Head last changed hands on 1st March 2011, selling for £1,300,000. The transaction was logged as a leasehold flat by HM Land Registry.
In total it has sold 3 times since 1995.
The market for similar properties has dropped by 0.8% since March 2011.
- Sold Mar 2011£1,300,000
- Sold May 2007£985,000
- Sold Mar 1998£425,000
Similar Properties Sold Nearby
Land Registry records and our Estate Agent network show 3 sales of comparable properties within 400 metres of Flat 1, 1, Pier Head across the last 2 years.
Most recently, Flat 7, Cinnabar Wharf West 22, Wapping High Street, London, E1W 1NJ, a leasehold flat, sold at £2,100,000 on the 26th June 2023.
Read more about house prices in E1.
- Sold Jun 2023£2,100,000 | 3 Bed FlatFlat 7, Cinnabar Wharf West 22, Wapping High Street, London, E1W 1NJFlat 7, Cinnabar Wharf West 22, Wapping High Street, London, E1W 1NJ
- Sold Feb 2014£1,600,000 | 3 Bed FlatFlat 13, Cinnabar Wharf West 22, Wapping High Street, London, E1W 1NJFlat 13, Cinnabar Wharf West 22, Wapping High Street, London, E1W 1NJ
- Sold Apr 2011£1,070,000 | 3 Bed FlatFlat 4, 1, Pier Head, London, E1W 1PNFlat 4, 1, Pier Head, London, E1W 1PN
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
More reading links
Location Comparison
Our analysis of the public data ranks Flat 1, 1, Pier Head as the 18th largest and the 15th most expensive of the 37 addresses on Pier Head, London, E1.
Against the E1 postcode district average, it is £1.436m more expensive than the typical property.
More reading links
Schools Nearby
- 300mHermitage Primary School
- 500mRiverside Primary School
- 600mSt Peter's London Docks CofE Primary School
- 600mSt Michael's Catholic College
- 700mMulberry Academy London Dock
- 800mThe Charter School Bermondsey
More reading links
Public Transport Nearby
Wapping station is the nearest stop to Flat 1, 1, Pier Head at 400 metres away.
- 400mWapping
- 600mBermondsey
- 700mRotherhithe
Available Internet Speeds
Ofcom's latest figures show poor internet coverage in this area, which may mean weak or no connectivity.
According to recent data from Ofcom, Slow/none broadband is available in the area.
Risk of Flooding
Environment Agency data suggests this area has a very low risk of flooding.
