Flat 56, Connaught Works 251
Flat 56, Connaught Works 251
Description & Estimates
Flat 56, Connaught Works 251 is recorded publicly as a modern leasehold apartment across 667 ft2 of internal area.
Locally, apartments of this size normally have 2 bedrooms.
Our estimate of the sale value of Flat 56, Connaught Works 251 is £504,979 and its rental estimate is £2,617 per month, given the available information and assuming reasonable condition.
Connaught Works, Old Ford Road is a residential building on Old Ford Road, London, E3 and falls within the E3 postal district and the London Borough of Tower Hamlets.
Our Data Sources
Flat 56, Connaught Works 251 has 31 entries in the Land Registry , most recently in August 2022 and a single entry in the EPC database dated February 2014.
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.
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 56, Connaught Works 251, we estimate a market value of £530,228 and a rental value of £2,748 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £469,630 and £2,434 per month respectively.
Recent Market Change
Over the last year, Flat 56, Connaught Works 251 has seen its estimated sale value drop by £13,495 (2.7%) and its estimated rental value rise by £120 per month (4.6%). This results in an estimated gross rental yield of 6.2%.
Energy Efficiency
Flat 56, Connaught Works 251 has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 13 Feb 2014.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
Sold Prices
The most recent sale of Flat 56, Connaught Works 251 completed on 26th August 2022 at £525,000 and was recorded by HM Land Registry as a leasehold flat.
Since 1995 the property has sold 3 times.
Values of comparable properties have dropped by 2.8% over the period since August 2022.
- Sold Aug 2022£525,000
- Sold Sep 2008£320,000
- Sold Sep 2005£236,495
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to Flat 56, Connaught Works 251 have sold within a radius of 290 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 18th June 2024, was Flat 55, Connaught Works 251, Old Ford Road, London, E3 5PS, a leasehold flat which sold for £550,000.
Read more about house prices in E3.
- Sold Jun 2024£550,000 | 2 Bed FlatConnaught Works 251, Old Ford RoadFlat 55, Connaught Works 251, Old Ford Road, London, E3 5PS
- Sold Oct 2023£420,000 | 2 Bed FlatConnaught Works 251, Old Ford RoadFlat 27, Connaught Works 251, Old Ford Road, London, E3 5PS
- Sold Aug 2023£525,000 | 2 Bed FlatConnaught Works 251, Old Ford RoadFlat 41, Connaught Works 251, Old Ford Road, London, E3 5PS
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Of the 471 addresses on Old Ford Road, London, E3, Flat 56, Connaught Works 251 comes out as the 277th largest and the 216th most expensive in our analysis of the public data.
It is also £60k more expensive than the average property across the E3 district.
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Schools Nearby
- 200mOld Ford Primary - A Paradigm Academy
- 500mChisenhale Primary School
- 500mOlga Primary School
- 400mMulberry UTC
- 800mMossbourne Victoria Park Academy
- 900mCentral Foundation Girls' School
More reading links
Public Transport Nearby
From Flat 56, Connaught Works 251, the nearest station is Hackney Wick, 1.0 kilometres away.
- 1.0kmHackney Wick
- 1.1kmBow Road
- 1.1kmMile End
Available Internet Speeds
Broadband here reaches superfast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Superfast broadband is available in the area.
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
