16 East Smithfield, London, E1W 1AP is a leasehold flat built between 1983-1990. The property offers approximately 538 square feet of living space. In this location, apartments of similar size usually have one bedroom.

The estimated current market value of the property is £162,967 , which equates to approximately £303 per square foot. It was last sold on 12 Jun 2015 for £156,000. Since then, the value has increased by £6,967, representing a 4.5% increase, or approximately 0.4% per year.

The current estimated value of £162,967 is:

  • 94.1% lower than the average property price on East Smithfield
  • 98.0% lower than the average in the E1W 1AP postcode area
  • and 81.4% lower than the average price for London as a whole

Based on EPC inspection history, this property has been mostly rented (2 out of 3 inspections). This suggests the property has often been rented out, which may indicate use as an investment or buy-to-let.

At the most recent EPC inspection on 9 February 2022, the property was recorded as rented.

View sold house prices in E1W 1AP

Building approximate location

About Property

Type
Flat
Built
1983-1990
Interior Size
538 sq ft
Tenure
Leasehold
Price (estimate)
£162,967
Price Per sq ft (estimate)
£303
Bedroom Count (estimate)
1 bedroom

EPC Summary

16 East Smithfield, London, Tower Hamlets, Greater London, E1W 1AP has an Energy Performance Certificate (EPC) rating of D, based on the latest assessment carried out on 9 Feb 2022.

This property uses electric storage heaters as its main heating source. Hot water is provided from off-peak electric immersion heater. The windows are single glazed.

The previous EPC assessment was conducted on 2 Nov 2020, when the property was rated E. Since then, the rating has improved to D, with the energy efficiency score increasing by 28.3%.

Since the previous assessment, several changes were observed:

  • The heating system was upgraded from room heaters, electric to electric storage heaters, improving energy efficiency from very poor to average.
  • The hot water energy efficiency improving from poor to average, while the system remained as electric immersion, off-peak.
  • The wall construction or insulation changed from cavity wall, as built, no insulation (assumed) to cavity wall, filled cavity, improving energy efficiency from poor to good.
  • The lighting was updated from low energy lighting in 29% of fixed outlets to low energy lighting in 86% of fixed outlets, with efficiency improving from average to very good.
Heating Type
Electric storage heaters
Average
Hot Water
Electric immersion, off-peak
Average
Walls
Cavity wall, filled cavity
Good
Windows
Single glazed
Very Poor
Lighting
Low energy lighting in 86% of fixed outlets
Very Good

Compared to E1W 1AP

29 th / 33
Price Rank
98% lower than average
4 th / 16
Size Rank
97% smaller than average
14 th / 16
Price Per Sq FT Rank
41% lower than average

Compared to other properties in E1W 1AP , this flat's estimated value ranks 29th out of 33. Based on price per square foot, it ranks 14th out of 16 properties. This indicates a lower price per square foot than most, suggesting good value for the space offered. In terms of size, this home ranks 4th out of 16 properties in its postcode area.

Sale History

Today
£162,967
streetscan.co.uk estimate
+4 %
12 Jun 2015
£156,000
Leasehold
+246.7 %
30 Apr 1997
£45,000
Leasehold

Area Insights

Similar Properties Sold Nearby

rooms: 2
size: 517 sq ft
sale price: £310,000
sale date: 15 Oct 2014
rooms: 2
size: 517 sq ft
sale price: £290,000
sale date: 13 Aug 2014
rooms: 2
size: 517 sq ft
sale price: £250,000
sale date: 25 Apr 2014
rooms: 2
size: 517 sq ft
sale price: £185,000
sale date: 27 Mar 2012
rooms: 2
size: 517 sq ft
sale price: £175,000
sale date: 21 Mar 2012

Data Sources

The property at 16 East Smithfield, London, E1W 1AP appears two times in the Land Registry records, with the latest transaction recorded on 12 Jun 2015. It also has four Energy Performance Certificates (EPC) entries, the earliest dating back to 9 Feb 2022. We use this data, to estimate the property's characteristics and current market value.

This website uses public sector information from:

These datasets are licensed under the Open Government Licence v3.0.
This website is not affiliated with or endorsed by HM Land Registry or DLUHC.


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