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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
According to the public record, Flat 602, 1, Merino Gardens is a modern leasehold apartment with 936 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms with a balcony.
Based on available information, and assuming reasonable condition, the estimated sale value for Flat 602, 1, Merino Gardens is £1,187,090 and the estimated rental value is £4,705 per month.
The apartment is within 1, Merino Gardens, London, E1.
Merino Gardens, London, E1 is located in the borough of Tower Hamlets within the E1 postal district.
Flat 602, 1, Merino Gardens has a single entry in the Land Registry from August 2022 and a single entry in the EPC database dated April 2022.
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.
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If Flat 602, 1, Merino Gardens is in very good condition we estimate a sale value of £1,246,445 and a rental value of £4,940 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £1,103,994 and a rental value of £4,375 per month.
Over the last 12 months the sale value of Flat 602 1 Merino Gardens has decreased by an estimated £39,300 (3.3%) and its rental value has increased by an estimated £239 per month (5.1%), giving an expected gross yield of 4.8%.
Flat 602, 1, Merino Gardens has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 13 Apr 2022.
The property is not connected to mains gas and has high performance glazing. It is heated using Community scheme.
According to HM Land Registry, Flat 602, 1, Merino Gardens was last sold on 23rd August 2022 for £1,275,300 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since August 2022, the market for similar properties has dropped 56.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 602, 1, Merino Gardens within a radius of 250 metres over the last 2 years.
The most recent example is Flat 1106, 1, Merino Gardens, London, E1W 2DG, a leasehold flat which sold for £1,262,625 on the 29th September 2022.
Read more about house prices in E1.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Merino Gardens, London, E1 has a total of 381 addresses. According to our analysis of all the public data, Flat 602, 1, Merino Gardens is the 78th largest and the 86th most expensive property on the street.
When compared to the postcode district it is £672k more expensive than the average property in E1.
The nearest school is Mulberry Academy London Dock which is 100 metres away. The nearest train station is Shadwell which is 600 metres away.
Please login for all schools and rail links, broadband speeds, floodrisk and area demographics information including levels of education, home ownership and more.
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