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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 113, Falconbrook Gardens 17 appears in the public record as a leasehold apartment.
By comparing it to nearby properties, we estimate it to be a modern apartment with 656 ft2 of internal area and a balcony.
Locally, apartments of this size normally have 2 bedrooms.
Our estimate of the sale value of Flat 113, Falconbrook Gardens 17 is £489,119 and its rental estimate is £2,525 per month, given the available information and assuming reasonable condition.
Falconbrook Gardens, Silvertown Way is a residential building on Silvertown Way, London, E16 and falls within the E16 postal district and the London Borough of Newham.
Flat 113, Falconbrook Gardens 17 has a single entry in the Land Registry from May 2021 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.
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 113, Falconbrook Gardens 17, we estimate a market value of £513,575 and a rental value of £2,652 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £454,881 and £2,349 per month respectively.
Over the last year, Flat 113, Falconbrook Gardens 17 has seen its estimated sale value move down by £17,658 (3.6%) and its estimated rental value increase by £117 per month (4.6%). This results in an estimated gross rental yield of 6.2%.
The most recent sale of Flat 113, Falconbrook Gardens 17 completed on 28th May 2021 at £445,000 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 22.1% over the period since May 2021.
Over the past 2 years 3 properties similar to Flat 113, Falconbrook Gardens 17 have sold within a radius of 220 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 9th August 2024, was Flat 149, Effra Gardens 25, Silvertown Way, London, E16 1RB, a leasehold flat which sold for £385,000.
Read more about house prices in E16.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Of the 559 addresses on Silvertown Way, London, E16, Flat 113, Falconbrook Gardens 17 comes out as the 378th largest and the 225th most expensive in our analysis of the public data.
It is also £107k more expensive than the average property across the E16 district.
From Flat 113, Falconbrook Gardens 17, the nearest station is Royal Victoria, 500 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 Flat 113, Falconbrook Gardens 17, 72.1% of property is privately rented and 14.4% 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 113, Falconbrook Gardens 17, 16.3% of residents are recorded as possessing school level qualifications and 69.0% 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 Flat 113, Falconbrook Gardens 17, the average age was 33.3 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 113, Falconbrook Gardens 17, 0.0% 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 113, Falconbrook Gardens 17, there are an average of 0.2 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.
