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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 702, 1, Merino Gardens is recorded publicly as a modern leasehold apartment across 936 ft2 of internal area.
Locally, apartments of this size normally have 3 bedrooms with a balcony.
Our estimate of the sale value of Flat 702, 1, Merino Gardens is £1,187,090 and its rental estimate is £4,705 per month, given the available information and assuming reasonable condition.
1, Merino Gardens is a residential building on Merino Gardens, London, E1 and falls within the E1 postal district and the London Borough of Tower Hamlets.
Flat 702, 1, Merino Gardens has a single entry in the Land Registry from September 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.
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 702, 1, Merino Gardens, we estimate a market value of £1,246,445 and a rental value of £4,940 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £1,103,994 and £4,375 per month respectively.
Over the last year, Flat 702, 1, Merino Gardens has seen its estimated sale value decline by £39,300 (3.3%) and its estimated rental value climb by £239 per month (5.1%). This results in an estimated gross rental yield of 4.8%.
Flat 702, 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.
The most recent sale of Flat 702, 1, Merino Gardens completed on 23rd September 2022 at £1,286,740 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 56.6% over the period since September 2022.
Over the past 2 years 3 properties similar to Flat 702, 1, Merino Gardens have sold within a radius of 250 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 29th September 2022, was Flat 1106, 1, Merino Gardens, London, E1W 2DG, a leasehold flat which sold for £1,262,625.
Read more about house prices in E1.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Of the 381 addresses on Merino Gardens, London, E1, Flat 702, 1, Merino Gardens comes out as the 77th largest and the 85th most expensive in our analysis of the public data.
It is also £672k more expensive than the average property across the E1 district.
From Flat 702, 1, Merino Gardens, the nearest station is Shadwell, 600 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 702, 1, Merino Gardens, % 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 702, 1, Merino Gardens, 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 702, 1, Merino Gardens, 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 702, 1, Merino Gardens, 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.
