Flat 8, 1
Flat 8, 1
Description & Estimates
Public records show Flat 8, 1, Pier Head to be a period leasehold apartment with 1,839 ft2 of internal area.
In this area, apartments of this size normally have 3 bedrooms.
Flat 8, 1, Pier Head has an estimated sale value of £2,641,831 and an estimated rental value of £10,048 per month, assuming reasonable condition and based on the information available.
The apartment sits within 1, Pier Head, London, E1.
Pier Head, London, E1 lies in the borough of Tower Hamlets, within the E1 postal district.
Our Data Sources
Flat 8, 1, Pier Head has 31 entries in the Land Registry , most recently in March 2021 and a single entry in the EPC database dated January 2011.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 1 out of 5 and is considered of low accuracy.
Price Range & Condition
In very good condition, we estimate Flat 8, 1, Pier Head would be worth £2,773,922, with a potential rental value of £10,550 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £2,456,903, with a rental value of £9,345 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 8, 1, Pier Head has decreased by £85,273 (3.2%) over the last year. During the same period, its estimated monthly rental value has grown by £498 (5.0%). The property's estimated gross yield is currently 4.6%.
Energy Efficiency
Flat 8, 1, Pier Head has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 17 Jan 2011.
The property is connected to mains gas and has some double glazing. It is heated using Boiler and radiators, mains gas.
Sold Prices
Flat 8, 1, Pier Head last changed hands on 5th March 2021, selling for £2,948,500. The transaction was logged as a leasehold flat by HM Land Registry.
In total it has sold 3 times since 1995.
The market for similar properties has dropped by 29.4% since March 2021.
- Sold Mar 2021£2,948,500
- Sold Jan 2005£1,130,000
- Sold Jan 2005£1,130,000
Properties Sold Nearby
Land Registry records and our Estate Agent network show 3 sales within 400 metres of Flat 8, 1, Pier Head across the last 2 years.
Most recently, Flat 5, 1, Pier Head, London, E1W 1PN, a leasehold flat, sold at £7,150,000 on the 22nd December 2017.
Read more about house prices in E1.
•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 8, 1, Pier Head as the 11th largest and the 5th most expensive of the 37 addresses on Pier Head, London, E1.
Against the E1 postcode district average, it is £2.126m more expensive than the typical property.
More reading links
Schools Nearby
- 300mHermitage Primary School
- 500mRiverside Primary School
- 600mSt Peter's London Docks CofE Primary School
- 600mSt Michael's Catholic College
- 700mMulberry Academy London Dock
- 800mThe Charter School Bermondsey
More reading links
Public Transport Nearby
Wapping station is the nearest stop to Flat 8, 1, Pier Head at 400 metres away.
- 400mWapping
- 600mBermondsey
- 700mRotherhithe
Available Internet Speeds
Ofcom's latest figures show poor internet coverage in this area, which may mean weak or no connectivity.
According to recent data from Ofcom, Slow/none broadband is available in the area.
Risk of Flooding
Environment Agency data suggests this area has a very low risk of flooding.
