Flat 15, Mill Building 49
Flat 15, Mill Building 49
Description & Estimates
Flat 15, Mill Building 49 is described in the public record as a modern apartment with 559 ft2 of internal area.
Locally, apartments of this size normally have 2 bedrooms with a balcony.
Our estimate of the sale value of Flat 15, Mill Building 49 is £425,240 and its rental estimate is £2,251 per month, given the available information and assuming reasonable condition.
Mill Building, Royal Crest Avenue is a residential building on Royal Crest Avenue, London, E16 and falls within the E16 postal district and the London Borough of Newham.
Our Data Sources
Flat 15, Mill Building 49 has no records in the the Land Registry and a single entry in the EPC database dated November 2023.
We combine this information with public data 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
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 15, Mill Building 49, we estimate a market value of £446,502 and a rental value of £2,364 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £395,473 and £2,093 per month respectively.
Recent Market Change
Over the last year, Flat 15, Mill Building 49 has seen its estimated sale value decline by £15,352 (3.6%) and its estimated rental value climb by £105 per month (4.6%). This results in an estimated gross rental yield of 6.4%.
Energy Efficiency
Flat 15, Mill Building 49 has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 22 Nov 2023.
The property is not connected to mains gas and has high performance glazing. It is heated using Community scheme.
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to Flat 15, Mill Building 49 have sold within a radius of 200 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 1st August 2024, was Flat 39, Mill Building 49, Royal Crest Avenue, London, E16 2ZZ, a leasehold flat which sold for £440,000.
Read more about house prices in E16.
- Sold Aug 2024£440,000 | 2 Bed FlatMill Building 49, Royal Crest AvenueFlat 39, Mill Building 49, Royal Crest Avenue, London, E16 2ZZ
- Sold Apr 2024£449,500 | 2 Bed FlatMill Building 49, Royal Crest AvenueFlat 27, Mill Building 49, Royal Crest Avenue, London, E16 2ZZ
- Sold Mar 2024£477,500 | 2 Bed FlatMill Building 49, Royal Crest AvenueFlat 57, Mill Building 49, Royal Crest Avenue, London, E16 2ZZ
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Of the 955 addresses on Royal Crest Avenue, London, E16, Flat 15, Mill Building 49 comes out as the 773rd largest and the 448th most expensive in our analysis of the public data.
It is also £43k more expensive than the average property across the E16 district.
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Schools Nearby
- 100mRoyal Wharf Primary School
- 300mBritannia Village Primary School
- 1.2kmMillennium Primary School
- 400mOasis Academy Silvertown
- 1.3kmRoyal Docks Academy
- 1.6kmRoyal Greenwich Trust School
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Public Transport Nearby
From Flat 15, Mill Building 49, the nearest station is West Silvertown, 300 metres away.
- 300mWest Silvertown
- 600mPontoon Dock
- 900mCanary Wharf (Elizabeth line)
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
