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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
Flat 504, Pilot House 6 is described in the public record as a modern apartment with 1,054 ft2 of internal area.
Locally, apartments of this size normally have 3 bedrooms.
Our estimate of the sale value of Flat 504, Pilot House 6 is £556,310 and its rental estimate is £3,216 per month, given the available information and assuming reasonable condition.
Pilot 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.
Flat 504, Pilot House 6 has no records in the the Land Registry and a single entry in the EPC database dated November 2021.
We combine this information with public data 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.
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 504, Pilot House 6, we estimate a market value of £584,126 and a rental value of £3,376 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £517,369 and £2,990 per month respectively.
Over the last year, Flat 504, Pilot House 6 has seen its estimated sale value fall by £23,360 (4.2%) and its estimated rental value move up by £150 per month (4.7%). This results in an estimated gross rental yield of 6.9%.
Flat 504, Pilot House 6 has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 04 Nov 2021.
The property is not connected to mains gas and has high performance glazing. It is heated using Community scheme.
Over the past 2 years 3 properties similar to Flat 504, Pilot House 6 have sold within a radius of 330 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 5th August 2022, was Flat 205, Pilot House 6, Ovex Close, London, E14 3SQ, a leasehold flat which sold for £600,000.
Read more about house prices in E14.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Of the 134 addresses on Ovex Close, London, E14, Flat 504, Pilot House 6 comes out as the 12th largest and the 3rd most expensive in our analysis of the public data.
It is also £81k more expensive than the average property across the E14 district.
From Flat 504, Pilot House 6, the nearest station is Crossharbour, 500 metres away.
The flood risk here is rated very low, based on Environment Agency data.
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The recent census recorded whether a resident owned or rented their home.
In the area around Flat 504, Pilot House 6, 53.6% of property is socially rented and 39.2% is privately owned with a mortgage.
The graph below shows how this compares to Greater London and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around Flat 504, Pilot House 6, 12.2% of residents are recorded as possessing school level qualifications and 47.9% as possessing degree level qualifications.
The graph below shows how this compares to Greater London and the rest of England & Wales.
The most recent census in 2021 recorded the age of all UK residents.
In the area around Flat 504, Pilot House 6, the average age was 34.3 and the most common age was 32.
The graph below shows how this compares to Greater London and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around Flat 504, Pilot House 6, 0.0% of property was a second home.
Comparison figures for Greater London and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around Flat 504, Pilot House 6, there are an average of 0.4 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.
