Flat 29, Mill Building 49
Flat 29, Mill Building 49
Description & Estimates
Flat 29, Mill Building 49 is recorded publicly as a modern leasehold apartment across 548 ft2 of internal area.
Locally, apartments of this size normally have 2 bedrooms with a balcony.
Our estimate of the sale value of Flat 29, Mill Building 49 is £419,848 and its rental estimate is £2,226 per month, given the available information and assuming reasonable condition.
Mill Building, Royal Crest Avenue is a residential building on Royal Crest Avenue, London, E16 and falls within the E16 postal district and the London Borough of Newham.
Our Data Sources
Flat 29, 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
The condition of a property plays an important role in determining its value, with the degree of impact varying by property type, size and location.
For Flat 29, Mill Building 49, we estimate a market value of £440,840 and a rental value of £2,338 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £390,459 and £2,071 per month respectively.
Recent Market Change
Over the last year, Flat 29, Mill Building 49 has seen its estimated sale value drop by £15,157 (3.6%) and its estimated rental value rise by £104 per month (4.6%). This results in an estimated gross rental yield of 6.4%.
Energy Efficiency
Flat 29, 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
The most recent sale of Flat 29, Mill Building 49 completed on 9th February 2024 at £405,000 and was recorded by HM Land Registry as a leasehold flat.
Since 1995 this is the property's only sale.
Values of comparable properties have dropped by 27.5% over the period since February 2024.
- Sold Feb 2024£405,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to Flat 29, Mill Building 49 have sold within a radius of 200 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 13th February 2024, was Flat 53, Mill Building 49, Royal Crest Avenue, London, E16 2ZZ, a leasehold flat which sold for £419,525.
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£408,000 | 2 Bed FlatMill Building 49, Royal Crest AvenueFlat 41, Mill Building 49, Royal Crest Avenue, London, E16 2ZZ
- Sold Feb 2024£406,125 | 2 Bed FlatMill Building 49, Royal Crest AvenueFlat 47, 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
Of the 955 addresses on Royal Crest Avenue, London, E16, Flat 29, Mill Building 49 comes out as the 821st largest and the 456th most expensive in our analysis of the public data.
It is also £38k more expensive than the average property across the E16 district.
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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
From Flat 29, Mill Building 49, the nearest station is West Silvertown, 300 metres away.
- 300mWest Silvertown
- 600mPontoon Dock
- 900mCanary Wharf (Elizabeth line)
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
