Flat 1503, 1
Flat 1503, 1
Description & Estimates
According to the public record, Flat 1503, 1, Merino Gardens is a modern leasehold apartment with 1,463 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms with a balcony.
Based on available information, and assuming reasonable condition, the estimated sale value for Flat 1503, 1, Merino Gardens is £1,775,607 and the estimated rental value is £6,753 per month.
The apartment is within 1, Merino Gardens, London, E1.
Merino Gardens, London, E1 is located in the borough of Tower Hamlets within the E1 postal district.
Our Data Sources
Flat 1503, 1, Merino Gardens has a single entry in the Land Registry from December 2022 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
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If Flat 1503, 1, Merino Gardens is in very good condition we estimate a sale value of £1,864,387 and a rental value of £7,091 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £1,651,314 and a rental value of £6,281 per month.
Recent Market Change
Over the past 12 months, the estimated sale value of Flat 1503, 1, Merino Gardens has moved down by £58,783 (3.3%), while its estimated rental value has increased by £343 per month (5.1%). Based on current estimates, the property offers a gross rental yield of 4.6%.
Energy Efficiency
Flat 1503, 1, Merino Gardens has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 21 Jul 2022.
The property is not connected to mains gas and has high performance glazing. It is heated using Community scheme.
Sold Prices
According to HM Land Registry, Flat 1503, 1, Merino Gardens was last sold on 7th December 2022 for £2,108,420 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since December 2022, the market for similar properties has dropped by 55.5%.
- Sold Dec 2022£2,108,420
Similar Properties Sold Nearby
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 1503, 1, Merino Gardens within a radius of 250 metres over the last 2 years.
The most recent example is Flat 1203, 1, Merino Gardens, London, E1W 2DG, a leasehold flat which sold for £2,200,000 on the 19th June 2023.
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
Merino Gardens, London, E1 has a total of 381 addresses. According to our analysis of all the public data, Flat 1503, 1, Merino Gardens is the 17th largest and the 17th most expensive property on the street.
When compared to the postcode district it is £1.26m more expensive than the average property in E1.
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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
The closest station to Flat 1503, 1, Merino Gardens is Shadwell station, which is 600 metres away.
- 600mShadwell
- 700mWapping
- 700mTower Gateway
Risk of Flooding
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
