Flat 1602, Heritage Tower 118
Flat 1602, Heritage Tower 118
Description & Estimates
According to the public record, Flat 1602, Heritage Tower 118 is a modern leasehold apartment with 624 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a balcony.
Based on available information, and assuming reasonable condition, the estimated sale value for Flat 1602, Heritage Tower 118 is £486,932 and the estimated rental value is £2,617 per month.
The apartment is within Heritage Tower, East Ferry Road, London, E14.
East Ferry Road, London, E14 is located in the borough of Tower Hamlets within the E14 postal district.
Our Data Sources
Flat 1602, Heritage Tower 118 has a single entry in the Land Registry from January 2019 and a single entry in the EPC database dated November 2018.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 5 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 1602, Heritage Tower 118 is in very good condition we estimate a sale value of £511,279 and a rental value of £2,748 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £452,847 and a rental value of £2,434 per month.
Recent Market Change
Over the past 12 months, the estimated sale value of Flat 1602, Heritage Tower 118 has decreased by £19,523 (4.0%), while its estimated rental value has grown by £116 per month (4.4%). Based on current estimates, the property offers a gross rental yield of 6.5%.
Energy Efficiency
Flat 1602, Heritage Tower 118 has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 30 Nov 2018.
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 1602, Heritage Tower 118 was last sold on 1st January 2019 for £550,525 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since January 2019, the market for similar properties has dropped by 17.2%.
- Sold Jan 2019£550,525
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 1602, Heritage Tower 118 within a radius of 180 metres over the last 2 years.
The most recent example is Flat 802, Heritage Tower 118, East Ferry Road, London, E14 3NW, a leasehold flat which sold for £490,000 on the 18th October 2024.
Read more about house prices in E14.
- Sold Oct 2024£490,000 | 2 Bed FlatFlat 802, Heritage Tower 118, East Ferry Road, London, E14 3NWFlat 802, Heritage Tower 118, East Ferry Road, London, E14 3NW
- Sold Sep 2023£501,000 | 2 Bed FlatFlat 1102, Heritage Tower 118, East Ferry Road, London, E14 3NWFlat 1102, Heritage Tower 118, East Ferry Road, London, E14 3NW
- Sold Oct 2021£480,000 | 2 Bed FlatFlat 1002, Heritage Tower 118, East Ferry Road, London, E14 3NWFlat 1002, Heritage Tower 118, East Ferry Road, London, E14 3NW
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
More reading links
Location Comparison
East Ferry Road, London, E14 has a total of 462 addresses. According to our analysis of all the public data, Flat 1602, Heritage Tower 118 is the 333rd largest and the 143rd most expensive property on the street.
When compared to the postcode district it is £12k more expensive than the average property in E14.
More reading links
Schools Nearby
- 400mCubitt Town Primary School
- 700mMulberry Wood Wharf Primary School
- 700mSeven Mills Primary School
- 300mCanary Wharf College Crossharbour
- 1.1kmGeorge Green's School
- 2.0kmLangdon Park Community School
More reading links
Public Transport Nearby
The closest station to Flat 1602, Heritage Tower 118 is Crossharbour station, which is 100 metres away.
- 100mCrossharbour
- 400mSouth Quay
- 700mMudchute
Risk of Flooding
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
