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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
According to the public record, Flat 2, 245, Sprowston Mews is a modern leasehold apartment with 182 ft2 of internal area.
Apartments of this size in this area are normally studios.
Based on available information, and assuming reasonable condition, the estimated sale value for Flat 2, 245, Sprowston Mews is £269,124 and the estimated rental value is £1,337 per month.
The apartment is within 245, Sprowston Mews, London, E7.
Sprowston Mews, London, E7 is located in the borough of Newham within the E7 postal district.
Flat 2, 245, Sprowston Mews has a single entry in the Land Registry from February 2011 and a single entry in the EPC database dated February 2018.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 1 out of 5 and is considered of low accuracy.
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 2, 245, Sprowston Mews is in very good condition we estimate a sale value of £282,581 and a rental value of £1,403 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £250,286 and a rental value of £1,243 per month.
Over the last 12 months the sale value of Flat 2 245 Sprowston Mews has decreased by an estimated £2,391 (0.9%) and its rental value has increased by an estimated £47 per month (3.5%), giving an expected gross yield of 6%.
Flat 2, 245, Sprowston Mews has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 06 Feb 2018.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
According to HM Land Registry, Flat 2, 245, Sprowston Mews was last sold on 7th February 2011 for £175,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since February 2011, the market for similar properties has risen 68.3%
According to the Land Registry and our network of Estate Agents, there have been 2 sales of properties similar to Flat 2, 245, Sprowston Mews within a radius of 360 metres over the last 2 years.
The most recent example is Flat 1, 245, Sprowston Mews, London, E7 9AE, a leasehold flat which sold for £175,000 on the 7th February 2011.
Read more about house prices in E7.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Sprowston Mews, London, E7 has a total of 42 addresses. According to our analysis of all the public data, Flat 2, 245, Sprowston Mews is the 42nd largest and the 39th most expensive property on the street.
When compared to the postcode district it is £210k less expensive than the average property in E7.
The nearest school is Earlham Primary School which is 330 metres away. The nearest train station is Forest Gate which is 400 metres away.
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