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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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Flat 52, Mill Building 49 is recorded publicly as a modern leasehold apartment across 624 ft2 of internal area.
Locally, apartments of this size normally have 2 bedrooms with a balcony.
Our estimate of the sale value of Flat 52, Mill Building 49 is £456,926 and its rental estimate is £2,393 per month, given the available information and assuming reasonable condition.
Mill Building, Royal Crest Avenue is a residential building on Royal Crest Avenue, London, E16 and falls within the E16 postal district and the London Borough of Newham.
Flat 52, 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.
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 52, Mill Building 49, we estimate a market value of £479,773 and a rental value of £2,513 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £424,942 and £2,225 per month respectively.
Over the last year, Flat 52, Mill Building 49 has seen its estimated sale value decrease by £16,496 (3.6%) and its estimated rental value grow by £111 per month (4.6%). This results in an estimated gross rental yield of 6.3%.
Flat 52, 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.
The most recent sale of Flat 52, Mill Building 49 completed on 8th February 2024 at £480,500 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 27.5% over the period since February 2024.
Over the past 2 years 3 properties similar to Flat 52, Mill Building 49 have sold within a radius of 200 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 6th August 2024, was Flat 64, Mill Building 49, Royal Crest Avenue, London, E16 2ZZ, a leasehold flat which sold for £491,900.
Read more about house prices in E16.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Of the 955 addresses on Royal Crest Avenue, London, E16, Flat 52, Mill Building 49 comes out as the 613th largest and the 382nd most expensive in our analysis of the public data.
It is also £75k more expensive than the average property across the E16 district.
From Flat 52, Mill Building 49, the nearest station is West Silvertown, 300 metres away.
The flood risk here is rated very low, based on Environment Agency data.
The recent census recorded whether a resident owned or rented their home.
In the area around Flat 52, Mill Building 49, % of property is and % is .
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 52, Mill Building 49, 0.0% of residents are recorded as possessing school level qualifications and 0.0% as possessing degree level qualifications.
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 52, Mill Building 49, 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 52, Mill Building 49, there are an average of 0.0 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.
