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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
Flat 10, Towergate House 28 is recorded publicly as a modern leasehold apartment across 645 ft2 of internal area.
Locally, apartments of this size normally have 2 bedrooms with a balcony.
Our estimate of the sale value of Flat 10, Towergate House 28 is £261,934 and its rental estimate is £1,665 per month, given the available information and assuming reasonable condition.
Towergate House, Ordell Road is a residential building on Ordell Road, London, E3 and falls within the E3 postal district and the London Borough of Tower Hamlets.
Flat 10, Towergate House 28 has 2 entries in the Land Registry , most recently in January 2023 and a single entry in the EPC database dated July 2024.
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 10, Towergate House 28, we estimate a market value of £275,031 and a rental value of £1,748 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £243,599 and £1,548 per month respectively.
Over the last year, Flat 10, Towergate House 28 has seen its estimated sale value drop by £8,451 (3.2%) and its estimated rental value rise by £73 per month (4.4%). This results in an estimated gross rental yield of 7.6%.
Flat 10, Towergate House 28 has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 17 Jul 2024.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
The most recent sale of Flat 10, Towergate House 28 completed on 9th January 2023 at £400,000 and was recorded by HM Land Registry as a leasehold flat.
Since 1995 the property has sold twice.
Values of comparable properties have dropped by 7.0% over the period since January 2023.
Over the past 2 years 3 properties similar to Flat 10, Towergate House 28 have sold within a radius of 250 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 4th September 2023, was Flat 8, Towergate House 28, Ordell Road, London, E3 2DL, a leasehold flat which sold for £215,000.
Read more about house prices in E3.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Of the 154 addresses on Ordell Road, London, E3, Flat 10, Towergate House 28 comes out as the 86th largest and the 137th most expensive in our analysis of the public data.
It is also £183k less expensive than the average property across the E3 district.
From Flat 10, Towergate House 28, the nearest station is Bow Road, 400 metres away.
Broadband here reaches superfast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Superfast broadband is available in the area.
The flood risk here is rated very low, based on Environment Agency data.
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The recent census recorded whether a resident owned or rented their home.
In the area around Flat 10, Towergate House 28, 42.7% of property is socially rented and 30.7% 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 Flat 10, Towergate House 28, 28.6% of residents are recorded as possessing school level qualifications and 50.5% 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 10, Towergate House 28, the average age was 32.7 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 Flat 10, Towergate House 28, 0.4% 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 10, Towergate House 28, there are an average of 0.4 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.
