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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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Public records show Flat 1402, 1, Merino Gardens to be a modern leasehold apartment with 1,571 ft2 of internal area.
In this area, apartments of this size normally have 3 bedrooms with a balcony.
Flat 1402, 1, Merino Gardens has an estimated sale value of £1,892,836 and an estimated rental value of £7,199 per month, assuming reasonable condition and based on the information available.
The apartment sits within 1, Merino Gardens, London, E1.
Merino Gardens, London, E1 lies in the borough of Tower Hamlets, within the E1 postal district.
Flat 1402, 1, Merino Gardens has a single entry in the Land Registry from February 2023 and a single entry in the EPC database dated July 2022.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 4 out of 5 and is considered of high accuracy.
In very good condition, we estimate Flat 1402, 1, Merino Gardens would be worth £1,987,477, with a potential rental value of £7,559 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £1,760,337, with a rental value of £6,695 per month.
The extent to which decoration affects a property's value depends on its type, size and location.
The estimated sale value of Flat 1402, 1, Merino Gardens has declined by £62,664 (3.3%) over the last year. During the same period, its estimated monthly rental value has climbed by £366 (5.1%). The property's estimated gross yield is currently 4.6%.
Flat 1402, 1, Merino Gardens has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 22 Jul 2022.
The property is not connected to mains gas and has high performance glazing. It is heated using Community scheme.
Flat 1402, 1, Merino Gardens last changed hands on 28th February 2023, selling for £2,597,600. The transaction was logged as a leasehold flat by HM Land Registry.
That is its only recorded sale since 1995.
The market for similar properties has dropped by 55.1% since February 2023.
Land Registry records and our Estate Agent network show 3 sales of comparable properties within 250 metres of Flat 1402, 1, Merino Gardens across the last 2 years.
Most recently, Flat 1501, 1, Merino Gardens, London, E1W 2DG, a leasehold flat, sold at £2,272,280 on the 26th September 2022.
Read more about house prices in E1.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Our analysis of the public data ranks Flat 1402, 1, Merino Gardens as the 15th largest and the 15th most expensive of the 381 addresses on Merino Gardens, London, E1.
Against the E1 postcode district average, it is £1.377m more expensive than the typical property.
Shadwell station is the nearest stop to Flat 1402, 1, Merino Gardens at 600 metres away.
Environment Agency data suggests this area has a very low risk of flooding.
The recent census recorded whether a resident owned or rented their home.
In the area around Flat 1402, 1, Merino Gardens, % of property is and % is .
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 1402, 1, Merino Gardens, 0.0% of residents are recorded as possessing school level qualifications and 0.0% as possessing degree level qualifications.
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 1402, 1, Merino Gardens, 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 1402, 1, Merino Gardens, there are an average of 0.0 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.
