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Bricks&Logic is a trading name of Urban Markets Ltd
Company No. 11113204
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VAT No. GB 287 0845 68
Registered Address: 2 Leman St, London E1 8FA
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According to the public record, Flat 41, 1, Wray Avenue is a modern leasehold apartment with 548 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a balcony.
Based on available information, and assuming reasonable condition, the estimated sale value for Flat 41, 1, Wray Avenue is £352,282 and the estimated rental value is £2,177 per month.
The apartment is within 1, Wray Avenue, London, E16.
Wray Avenue, London, E16 is located in the borough of Newham within the E16 postal district.
Flat 41, 1, Wray Avenue has a single entry in the Land Registry from June 2022 and a single entry in the EPC database dated October 2021.
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.
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 41, 1, Wray Avenue is in very good condition we estimate a sale value of £369,896 and a rental value of £2,285 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £327,622 and a rental value of £2,024 per month.
Over the last 12 months the sale value of Flat 41 1 Wray Avenue has decreased by an estimated £12,718 (3.6%) and its rental value has increased by an estimated £101 per month (4.6%), giving an expected gross yield of 7.4%.
Flat 41, 1, Wray Avenue has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 13 Oct 2021.
The property is not connected to mains gas and has high performance glazing. It is heated using Community scheme.
According to HM Land Registry, Flat 41, 1, Wray Avenue was last sold on 15th June 2022 for £390,500 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since June 2022, the market for similar properties has dropped 10.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 41, 1, Wray Avenue within a radius of 530 metres over the last 2 years.
The most recent example is Flat 48, 1, Wray Avenue, London, E16 2ZQ, a leasehold flat which sold for £370,000 on the 1st July 2022.
Read more about house prices in E16.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Wray Avenue, London, E16 has a total of 124 addresses. According to our analysis of all the public data, Flat 41, 1, Wray Avenue is the 91st largest and the 94th most expensive property on the street.
When compared to the postcode district it is £30k less expensive than the average property in E16.
The nearest school is Drew Primary School which is 500 metres away. The nearest train station is Pontoon Dock which is 500 metres away.
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