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According to the public record, Flat 27, May House 3 is a modern leasehold apartment with 495 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom with a balcony.
Based on available information, and assuming reasonable condition, the estimated sale value for Flat 27, May House 3 is £145,976 and the estimated rental value is £907 per month.
The apartment is within May House, Thomas Fyre Drive, London, E3.
Thomas Fyre Drive, London, E3 is located in the borough of Tower Hamlets within the E3 postal district.
Flat 27, May House 3 has a single entry in the Land Registry from May 2017 and a single entry in the EPC database dated April 2022.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 3 out of 5 and is considered of medium 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 27, May House 3 is in very good condition we estimate a sale value of £153,275 and a rental value of £952 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £135,758 and a rental value of £843 per month.
Over the last 12 months the sale value of Flat 27 May House 3 has decreased by an estimated £5,538 (3.8%) and its rental value has increased by an estimated £29 per month (3.2%), giving an expected gross yield of 7.5%.
Flat 27, May House 3 has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 14 Apr 2022.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Room heaters, electric.
According to HM Land Registry, Flat 27, May House 3 was last sold on 26th May 2017 for £140,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since May 2017, the market for similar properties has risen 14.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 27, May House 3 within a radius of 300 metres over the last 2 years.
The most recent example is Flat 14, May House 3, Thomas Fyre Drive, London, E3 2ZF, a leasehold flat which sold for £91,250 on the 12th February 2018.
Read more about house prices in E3.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Thomas Fyre Drive, London, E3 has a total of 147 addresses. According to our analysis of all the public data, Flat 27, May House 3 is the 128th largest and the 141st most expensive property on the street.
When compared to the postcode district it is £299k less expensive than the average property in E3.
The nearest school is St Agnes RC Primary School which is 400 metres away. The nearest train station is Bow Church which is 400 metres away.
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