Flat 1402, 1
Flat 1402, 1
Description & Estimates
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.
Our Data Sources
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.
Price Range & Condition
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.
Recent Market Change
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%.
Energy Efficiency
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.
Sold Prices
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.
- Sold Feb 2023£2,597,600
Similar Properties Sold Nearby
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.
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Location Comparison
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.
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Schools Nearby
- 200mSt Paul's Whitechapel Church of England Primary School
- 300mHermitage Primary School
- 600mHarry Gosling Primary School
- 100mMulberry Academy London Dock
- 700mMulberry School for Girls
- 800mLondon Enterprise Academy
More reading links
Public Transport Nearby
Shadwell station is the nearest stop to Flat 1402, 1, Merino Gardens at 600 metres away.
- 600mShadwell
- 700mWapping
- 700mTower Gateway
Risk of Flooding
Environment Agency data suggests this area has a very low risk of flooding.
