Flat 59, Wheel House 1
Flat 59, Wheel House 1
Description & Estimates
Public records show Flat 59, Wheel House 1 to be a modern leasehold apartment with 409 ft2 of internal area.
In this area, apartments of this size normally have 1 bedroom with a balcony.
Flat 59, Wheel House 1 has an estimated sale value of £335,365 and an estimated rental value of £1,996 per month, assuming reasonable condition and based on the information available.
The apartment sits within Wheel House, Burrells Wharf Square, London, E14.
Burrells Wharf Square, London, E14 lies in the borough of Tower Hamlets, within the E14 postal district.
Our Data Sources
Flat 59, Wheel House 1 has a single entry in the Land Registry from November 2015 and a single entry in the EPC database dated January 2024.
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
In very good condition, we estimate Flat 59, Wheel House 1 would be worth £352,134, with a potential rental value of £2,096 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £311,890, with a rental value of £1,856 per month.
The extent to which decoration affects a property's value depends on its type, size and location.
Recent Market Change
The estimated sale value of Flat 59, Wheel House 1 has dropped by £15,984 (4.8%) over the last year. During the same period, its estimated monthly rental value has risen by £82 (4.1%). The property's estimated gross yield is currently 7.1%.
Energy Efficiency
Flat 59, Wheel House 1 has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 11 Jan 2024.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Community scheme.
Sold Prices
Flat 59, Wheel House 1 last changed hands on 13th November 2015, selling for £320,000. The transaction was logged as a leasehold flat by HM Land Registry.
That is its only recorded sale since 1995.
The market for similar properties has dropped by 3.3% since November 2015.
- Sold Nov 2015£320,000
Similar Properties Sold Nearby
Land Registry records and our Estate Agent network show 3 sales of comparable properties within 350 metres of Flat 59, Wheel House 1 across the last 2 years.
Most recently, Flat 43, Wheel House 1, Burrells Wharf Square, London, E14 3TA, a leasehold flat, sold at £370,000 on the 25th June 2024.
Read more about house prices in E14.
- Sold Jun 2024£370,000 | 1 Bed FlatWheel House 1, Burrells Wharf SquareFlat 43, Wheel House 1, Burrells Wharf Square, London, E14 3TA
- Sold Aug 2023£300,000 | 1 Bed FlatChart House 6, Burrells Wharf SquareFlat 409, Chart House 6, Burrells Wharf Square, London, E14 3TW
- Sold Feb 2023£282,000 | 1 Bed FlatChart House 6, Burrells Wharf SquareFlat 309, Chart House 6, Burrells Wharf Square, London, E14 3TN
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Our analysis of the public data ranks Flat 59, Wheel House 1 as the 315th largest and the 281st most expensive of the 348 addresses on Burrells Wharf Square, London, E14.
Against the E14 postcode district average, it is £140k less expensive than the typical property.
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Schools Nearby
- 200mHarbinger Primary School
- 400mSt Edmund's Catholic School
- 500mCanary Wharf College, East Ferry
- 900mCanary Wharf College Crossharbour
- 900mGeorge Green's School
- 1.5kmDeptford Green School
More reading links
Public Transport Nearby
Mudchute station is the nearest stop to Flat 59, Wheel House 1 at 600 metres away.
- 600mMudchute
- 700mIsland Gardens
- 900mCutty Sark for Maritime Greenwich
Available Internet Speeds
Ofcom's latest figures show superfast broadband available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
Risk of Flooding
Environment Agency data suggests this area has a very low risk of flooding.
