Flat 23, Mill Building 49
Flat 23, Mill Building 49
Description & Estimates
According to the public record, Flat 23, Mill Building 49 is a modern leasehold apartment with 548 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 23, Mill Building 49 is £419,848 and the estimated rental value is £2,226 per month.
The apartment is within Mill Building, Royal Crest Avenue, London, E16.
Royal Crest Avenue, London, E16 is located in the borough of Newham within the E16 postal district.
Our Data Sources
Flat 23, Mill Building 49 has a single entry in the Land Registry from February 2024 and a single entry in the EPC database dated November 2023.
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 23, Mill Building 49 is in very good condition we estimate a sale value of £440,840 and a rental value of £2,338 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £390,459 and a rental value of £2,071 per month.
Recent Market Change
Over the past 12 months, the estimated sale value of Flat 23, Mill Building 49 has dropped by £15,157 (3.6%), while its estimated rental value has risen by £104 per month (4.6%). Based on current estimates, the property offers a gross rental yield of 6.4%.
Energy Efficiency
Flat 23, 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.
Sold Prices
According to HM Land Registry, Flat 23, Mill Building 49 was last sold on 2nd February 2024 for £399,500 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since February 2024, the market for similar properties has dropped by 27.5%.
- Sold Feb 2024£399,500
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 23, Mill Building 49 within a radius of 200 metres over the last 2 years.
The most recent example is Flat 53, Mill Building 49, Royal Crest Avenue, London, E16 2ZZ, a leasehold flat which sold for £419,525 on the 13th February 2024.
Read more about house prices in E16.
- Sold Feb 2024£419,525 | 2 Bed FlatMill Building 49, Royal Crest AvenueFlat 53, Mill Building 49, Royal Crest Avenue, London, E16 2ZZ
- Sold Feb 2024£405,000 | 2 Bed FlatMill Building 49, Royal Crest AvenueFlat 29, Mill Building 49, Royal Crest Avenue, London, E16 2ZZ
- Sold Feb 2024£408,000 | 2 Bed FlatMill Building 49, Royal Crest AvenueFlat 41, Mill Building 49, Royal Crest Avenue, London, E16 2ZZ
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
More reading links
Location Comparison
Royal Crest Avenue, London, E16 has a total of 955 addresses. According to our analysis of all the public data, Flat 23, Mill Building 49 is the 822nd largest and the 457th most expensive property on the street.
When compared to the postcode district it is £38k more expensive than the average property in E16.
More reading links
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
More reading links
Public Transport Nearby
The closest station to Flat 23, Mill Building 49 is West Silvertown station, which is 300 metres away.
- 300mWest Silvertown
- 600mPontoon Dock
- 900mCanary Wharf (Elizabeth line)
Risk of Flooding
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
