Flat 25, Mill Building 49
Flat 25, Mill Building 49
Description & Estimates
Public records show Flat 25, Mill Building 49 to be a modern leasehold apartment with 968 ft2 of internal area.
In this area, apartments of this size normally have 3 bedrooms with a balcony.
Flat 25, Mill Building 49 has an estimated sale value of £619,852 and an estimated rental value of £3,160 per month, assuming reasonable condition and based on the information available.
The apartment sits within Mill Building, Royal Crest Avenue, London, E16.
Royal Crest Avenue, London, E16 lies in the borough of Newham, within the E16 postal district.
Our Data Sources
Flat 25, Mill Building 49 has a single entry in the Land Registry from July 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
In very good condition, we estimate Flat 25, Mill Building 49 would be worth £650,844, with a potential rental value of £3,318 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £576,462, with a rental value of £2,939 per month.
The extent to which decoration affects a property's value depends on its type, size and location.
Recent Market Change
The estimated sale value of Flat 25, Mill Building 49 has declined by £19,337 (3.1%) over the last year. During the same period, its estimated monthly rental value has climbed by £154 (4.9%). The property's estimated gross yield is currently 6.1%.
Energy Efficiency
Flat 25, 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
Flat 25, Mill Building 49 last changed hands on 1st July 2024, selling for £660,000. The transaction was logged as a leasehold flat by HM Land Registry.
That is its only recorded sale since 1995.
The market for similar properties has dropped by 34.4% since July 2024.
- Sold Jul 2024£660,000
Similar Properties Sold Nearby
Land Registry records and our Estate Agent network show 3 sales of comparable properties within 200 metres of Flat 25, Mill Building 49 across the last 2 years.
Most recently, Flat 49, Mill Building 49, Royal Crest Avenue, London, E16 2ZZ, a leasehold flat, sold at £680,000 on the 23rd December 2024.
Read more about house prices in E16.
- Sold Dec 2024£680,000 | 3 Bed FlatMill Building 49, Royal Crest AvenueFlat 49, Mill Building 49, Royal Crest Avenue, London, E16 2ZZ
- Sold Jul 2024£706,500 | 3 Bed FlatMill Building 49, Royal Crest AvenueFlat 55, Mill Building 49, Royal Crest Avenue, London, E16 2ZZ
- Sold May 2024£681,500 | 3 Bed FlatMill Building 49, Royal Crest AvenueFlat 37, 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
Our analysis of the public data ranks Flat 25, Mill Building 49 as the 139th largest and the 66th most expensive of the 955 addresses on Royal Crest Avenue, London, E16.
Against the E16 postcode district average, it is £238k more expensive than the typical property.
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
West Silvertown station is the nearest stop to Flat 25, Mill Building 49 at 300 metres away.
- 300mWest Silvertown
- 600mPontoon Dock
- 900mCanary Wharf (Elizabeth line)
Risk of Flooding
Environment Agency data suggests this area has a very low risk of flooding.
