Flat 704, 1
Flat 704, 1
Description & Estimates
Flat 704, 1, Merino Gardens is recorded publicly as a modern leasehold apartment across 957 ft2 of internal area.
Locally, apartments of this size normally have 3 bedrooms with a balcony.
Our estimate of the sale value of Flat 704, 1, Merino Gardens is £1,211,662 and its rental estimate is £4,777 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.
Our Data Sources
Flat 704, 1, Merino Gardens has a single entry in the Land Registry from September 2022 and a single entry in the EPC database dated July 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.
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 704, 1, Merino Gardens, we estimate a market value of £1,272,245 and a rental value of £5,016 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £1,126,846 and £4,443 per month respectively.
Recent Market Change
Over the last year, Flat 704, 1, Merino Gardens has seen its estimated sale value decline by £40,113 (3.3%) and its estimated rental value climb by £243 per month (5.1%). This results in an estimated gross rental yield of 4.7%.
Energy Efficiency
Flat 704, 1, Merino Gardens has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 04 Jul 2022.
The property is not connected to mains gas and has high performance glazing. It is heated using Community scheme.
Sold Prices
The most recent sale of Flat 704, 1, Merino Gardens completed on 21st September 2022 at £1,437,000 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.
- Sold Sep 2022£1,437,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to Flat 704, 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 16th September 2024, was Apartment 1206, 2, Merino Gardens, London, E1W 2DR, a leasehold flat which sold for £1,365,000.
Read more about house prices in E1.
- Sold Sep 2024£1,365,000 | 3 Bed Flat2, Merino GardensApartment 1206, 2, Merino Gardens, London, E1W 2DR
- Sold Sep 2024£1,311,300 | 3 Bed Flat2, Merino GardensApartment 1203, 2, Merino Gardens, London, E1W 2DR
- Sold Aug 2024£1,391,200 | 3 Bed Flat2, Merino GardensApartment 1006, 2, Merino Gardens, London, E1W 2DR
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
More reading links
Location Comparison
Of the 381 addresses on Merino Gardens, London, E1, Flat 704, 1, Merino Gardens comes out as the 68th largest and the 74th most expensive in our analysis of the public data.
It is also £696k more expensive than the average property across the E1 district.
More reading links
Schools Nearby
- 200mSt Paul's Whitechapel Church of England Primary School
- 300mHermitage Primary School
- 600mHarry Gosling Primary School
- 100mMulberry Academy London Dock
- 700mMulberry School for Girls
- 800mLondon Enterprise Academy
More reading links
Public Transport Nearby
From Flat 704, 1, Merino Gardens, the nearest station is Shadwell, 600 metres away.
- 600mShadwell
- 700mWapping
- 700mTower Gateway
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
