Flat 48, Mill Building 49
Flat 48, Mill Building 49
Description & Estimates
According to the public record, Flat 48, Mill Building 49 is a modern leasehold apartment with 764 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 48, Mill Building 49 is £522,261 and the estimated rental value is £2,672 per month.
The apartment is within Mill Building, Royal Crest Avenue, London, E16.
Royal Crest Avenue, London, E16 is located in the borough of Newham within the E16 postal district.
Our Data Sources
Flat 48, 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
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 48, Mill Building 49 is in very good condition we estimate a sale value of £548,374 and a rental value of £2,805 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £485,703 and a rental value of £2,485 per month.
Recent Market Change
Over the past 12 months, the estimated sale value of Flat 48, Mill Building 49 has decreased by £18,855 (3.6%), while its estimated rental value has grown by £124 per month (4.6%). Based on current estimates, the property offers a gross rental yield of 6.1%.
Energy Efficiency
Flat 48, 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
According to HM Land Registry, Flat 48, Mill Building 49 was last sold on 8th February 2024 for £578,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since February 2024, the market for similar properties has dropped by 27.5%.
- Sold Feb 2024£578,000
Similar Properties Sold Nearby
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 48, Mill Building 49 within a radius of 200 metres over the last 2 years.
The most recent example is Flat 36, Mill Building 49, Royal Crest Avenue, London, E16 2ZZ, a leasehold flat which sold for £572,000 on the 13th June 2024.
Read more about house prices in E16.
- Sold Jun 2024£572,000 | 2 Bed FlatMill Building 49, Royal Crest AvenueFlat 36, Mill Building 49, Royal Crest Avenue, London, E16 2ZZ
- Sold Jun 2024£596,000 | 2 Bed FlatMill Building 49, Royal Crest AvenueFlat 60, Mill Building 49, Royal Crest Avenue, London, E16 2ZZ
- Sold May 2024£600,000 | 2 Bed FlatMill Building 49, Royal Crest AvenueFlat 26, 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
Royal Crest Avenue, London, E16 has a total of 955 addresses. According to our analysis of all the public data, Flat 48, Mill Building 49 is the 489th largest and the 174th most expensive property on the street.
When compared to the postcode district it is £140k more expensive than the average property in E16.
More reading links
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
The closest station to Flat 48, Mill Building 49 is West Silvertown station, which is 300 metres away.
- 300mWest Silvertown
- 600mPontoon Dock
- 900mCanary Wharf (Elizabeth line)
Risk of Flooding
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
