Flat 501, 3
Flat 501, 3
Description & Estimates
Flat 501, 3, Merino Gardens is recorded publicly as a modern leasehold apartment across 925 ft2 of internal area.
Locally, apartments of this size normally have 3 bedrooms with a balcony.
Our estimate of the sale value of Flat 501, 3, Merino Gardens is £1,170,030 and its rental estimate is £4,649 per month, given the available information and assuming reasonable condition.
3, Merino Gardens is a residential building on Merino Gardens, London, E1 and falls within the E1 postal district and the London Borough of Tower Hamlets.
Our Data Sources
Flat 501, 3, Merino Gardens has a single entry in the Land Registry from July 2022 and a single entry in the EPC database dated February 2022.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 3 out of 5 and is considered of medium 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 501, 3, Merino Gardens, we estimate a market value of £1,228,532 and a rental value of £4,882 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £1,088,128 and £4,324 per month respectively.
Recent Market Change
Over the last year, Flat 501, 3, Merino Gardens has seen its estimated sale value decline by £38,735 (3.3%) and its estimated rental value climb by £236 per month (5.1%). This results in an estimated gross rental yield of 4.8%.
Energy Efficiency
Flat 501, 3, Merino Gardens has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 08 Feb 2022.
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 501, 3, Merino Gardens completed on 1st July 2022 at £1,249,500 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 57.0% over the period since July 2022.
- Sold Jul 2022£1,249,500
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to Flat 501, 3, Merino Gardens have sold within a radius of 250 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 2nd June 2025, was Apartment 406, 4, Merino Gardens, London, E1W 2DS, a leasehold flat which sold for £1,258,175.
Read more about house prices in E1.
- Sold Jun 2025£1,258,175 | 3 Bed Flat4, Merino GardensApartment 406, 4, Merino Gardens, London, E1W 2DS
- Sold May 2025£1,250,000 | 3 Bed Flat4, Merino GardensApartment 506, 4, Merino Gardens, London, E1W 2DS
- Sold May 2025£1,270,410 | 3 Bed Flat4, Merino GardensApartment 505, 4, Merino Gardens, London, E1W 2DS
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
More reading links
Location Comparison
Of the 381 addresses on Merino Gardens, London, E1, Flat 501, 3, Merino Gardens comes out as the 89th largest and the 99th most expensive in our analysis of the public data.
It is also £655k more expensive than the average property across the E1 district.
More reading links
Schools Nearby
- 300mSt Paul's Whitechapel Church of England Primary School
- 300mHermitage Primary School
- 700mHarry Gosling Primary School
- 200mMulberry Academy London Dock
- 800mMulberry School for Girls
- 800mLondon Enterprise Academy
More reading links
Public Transport Nearby
From Flat 501, 3, Merino Gardens, the nearest station is Shadwell, 600 metres away.
- 600mShadwell
- 700mWapping
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
