Flat 403, Lotus House 35
Flat 403, Lotus House 35
Description & Estimates
Flat 403, Lotus House 35 is recorded publicly as a modern leasehold apartment across 947 ft2 of internal area.
Locally, apartments of this size normally have 3 bedrooms with a balcony.
Our estimate of the sale value of Flat 403, Lotus House 35 is £549,486 and its rental estimate is £3,205 per month, given the available information and assuming reasonable condition.
Lotus House, Ovex Close is a residential building on Ovex Close, London, E14 and falls within the E14 postal district and the London Borough of Tower Hamlets.
Our Data Sources
Flat 403, Lotus House 35 has a single entry in the Land Registry from February 2020 and a single entry in the EPC database dated June 2018.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 5 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 403, Lotus House 35, we estimate a market value of £576,960 and a rental value of £3,365 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £511,022 and £2,980 per month respectively.
Recent Market Change
Over the last year, Flat 403, Lotus House 35 has seen its estimated sale value move down by £22,464 (4.1%) and its estimated rental value increase by £167 per month (5.2%). This results in an estimated gross rental yield of 7.0%.
Energy Efficiency
Flat 403, Lotus House 35 has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 27 Jun 2018.
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 403, Lotus House 35 completed on 11th February 2020 at £585,000 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 13.2% over the period since February 2020.
- Sold Feb 2020£585,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to Flat 403, Lotus House 35 have sold within a radius of 380 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 7th November 2024, was Flat 903, Lotus House 35, Ovex Close, London, E14 3PP, a leasehold flat which sold for £524,000.
Read more about house prices in E14.
- Sold Nov 2024£524,000 | 3 Bed FlatFlat 903, Lotus House 35, Ovex Close, London, E14 3PPFlat 903, Lotus House 35, Ovex Close, London, E14 3PP
- Sold Feb 2021£585,000 | 3 Bed FlatFlat 303, Lotus House 35, Ovex Close, London, E14 3PPFlat 303, Lotus House 35, Ovex Close, London, E14 3PP
- Sold Oct 2019£595,000 | 3 Bed FlatFlat 703, Lotus House 35, Ovex Close, London, E14 3PPFlat 703, Lotus House 35, Ovex Close, London, E14 3PP
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
More reading links
Location Comparison
Of the 134 addresses on Ovex Close, London, E14, Flat 403, Lotus House 35 comes out as the 37th largest and the 16th most expensive in our analysis of the public data.
It is also £75k more expensive than the average property across the E14 district.
More reading links
Schools Nearby
- 400mCubitt Town Primary School
- 600mMulberry Wood Wharf Primary School
- 900mSt Luke's Church of England Primary School
- 700mCanary Wharf College Crossharbour
- 1.1kmGeorge Green's School
- 2.0kmLangdon Park Community School
More reading links
Public Transport Nearby
From Flat 403, Lotus House 35, the nearest station is Crossharbour, 500 metres away.
- 500mCrossharbour
- 700mSouth Quay
- 800mNorth Greenwich
Available Internet Speeds
Broadband here reaches ultrafast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Ultrafast broadband is available in the area.
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
