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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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Flat 1, 81, George Lane is recorded publicly as a modern leasehold apartment across 548 ft2 of internal area.
Locally, apartments of this size normally have 2 bedrooms.
Our estimate of the sale value of Flat 1, 81, George Lane is £387,221 and its rental estimate is £1,712 per month, given the available information and assuming reasonable condition.
81, George Lane is a residential building on George Lane, London, E18 and falls within the E18 postal district and the London Borough of Redbridge.
Flat 1, 81, George Lane has a single entry in the Land Registry from March 2018 and a single entry in the EPC database dated December 2017.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 2 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 Flat 1, 81, George Lane, we estimate a market value of £406,582 and a rental value of £1,797 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £360,115 and £1,592 per month respectively.
Over the last year, Flat 1, 81, George Lane has seen its estimated sale value decline by £3,914 (1.0%) and its estimated rental value climb by £77 per month (4.5%). This results in an estimated gross rental yield of 5.3%.
Flat 1, 81, George Lane has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 12 Dec 2017.
The property is not connected to mains gas and has high performance glazing. It is heated using Boiler and radiators, electric.
The most recent sale of Flat 1, 81, George Lane completed on 26th March 2018 at £345,000 and was recorded by HM Land Registry as a leasehold flat.
Since 1995 this is the property's only sale.
Values of comparable properties have dropped by 2.5% over the period since March 2018.
Over the past 2 years 3 properties similar to Flat 1, 81, George Lane have sold within a radius of 400 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 13th November 2024, was Flat 2, Orchard House 14, Eastwood Close, London, E18 1BX, a leasehold flat which sold for £368,000.
Read more about house prices in E18.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Of the 244 addresses on George Lane, London, E18, Flat 1, 81, George Lane comes out as the 155th largest and the 77th most expensive in our analysis of the public data.
It is also £213k less expensive than the average property across the E18 district.
From Flat 1, 81, George Lane, the nearest station is South Woodford, 0 metres away.
Broadband here reaches ultrafast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Ultrafast broadband is available in the area.
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 Flat 1, 81, George Lane, 45.8% of property is privately rented and 32.6% is privately owned with a mortgage.
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 Flat 1, 81, George Lane, 17.7% of residents are recorded as possessing school level qualifications and 56.8% 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 Flat 1, 81, George Lane, the average age was 36.8 and the most common age was 37.
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 Flat 1, 81, George Lane, 1.8% 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 Flat 1, 81, George Lane, there are an average of 0.8 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.
