Flat 31, Wheel House 1
Flat 31, Wheel House 1
Description & Estimates
Flat 31, Wheel House 1 is recorded publicly as a modern leasehold apartment across 401 ft2 of internal area.
Locally, apartments of this size normally have 1 bedroom with a balcony.
Our estimate of the sale value of Flat 31, Wheel House 1 is £330,397 and its rental estimate is £1,966 per month, given the available information and assuming reasonable condition.
Wheel House, Burrells Wharf Square is a residential building on Burrells Wharf Square, London, E14 and falls within the E14 postal district and the London Borough of Tower Hamlets.
Our Data Sources
Flat 31, Wheel House 1 has 2 entries in the Land Registry , most recently in April 2018 and a single entry in the EPC database dated December 2008.
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 31, Wheel House 1, we estimate a market value of £346,916 and a rental value of £2,065 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £307,269 and £1,829 per month respectively.
Recent Market Change
Over the last year, Flat 31, Wheel House 1 has seen its estimated sale value decrease by £15,748 (4.8%) and its estimated rental value grow by £81 per month (4.1%). This results in an estimated gross rental yield of 7.1%.
Energy Efficiency
Flat 31, Wheel House 1 has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 03 Dec 2008.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Community scheme.
Sold Prices
The most recent sale of Flat 31, Wheel House 1 completed on 20th April 2018 at £345,000 and was recorded by HM Land Registry as a leasehold flat.
Since 1995 the property has sold twice.
Values of comparable properties have dropped by 8.0% over the period since April 2018.
- Sold Apr 2018£345,000
- Sold Feb 2007£217,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to Flat 31, Wheel House 1 have sold within a radius of 350 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 25th June 2024, was Flat 43, Wheel House 1, Burrells Wharf Square, London, E14 3TA, a leasehold flat which sold for £370,000.
Read more about house prices in E14.
- Sold Jun 2024£370,000 | 1 Bed FlatWheel House 1, Burrells Wharf SquareFlat 43, Wheel House 1, Burrells Wharf Square, London, E14 3TA
- Sold Aug 2023£300,000 | 1 Bed FlatChart House 6, Burrells Wharf SquareFlat 409, Chart House 6, Burrells Wharf Square, London, E14 3TW
- Sold Feb 2023£282,000 | 1 Bed FlatChart House 6, Burrells Wharf SquareFlat 309, Chart House 6, Burrells Wharf Square, London, E14 3TN
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Of the 348 addresses on Burrells Wharf Square, London, E14, Flat 31, Wheel House 1 comes out as the 323rd largest and the 296th most expensive in our analysis of the public data.
It is also £145k less expensive than the average property across the E14 district.
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Schools Nearby
- 200mHarbinger Primary School
- 400mSt Edmund's Catholic School
- 500mCanary Wharf College, East Ferry
- 900mCanary Wharf College Crossharbour
- 900mGeorge Green's School
- 1.5kmDeptford Green School
More reading links
Public Transport Nearby
From Flat 31, Wheel House 1, the nearest station is Mudchute, 600 metres away.
- 600mMudchute
- 700mIsland Gardens
- 900mCutty Sark for Maritime Greenwich
Available Internet Speeds
Broadband here reaches superfast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Superfast broadband is available in the area.
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
