Flat 2, Ares Court Homer Drive, London, E14 3UL is a leasehold flat built between 1991-1995. The property offers approximately 614 square feet of living space and is situated on the 1st floor. In this location, apartments of similar size usually have one bedroom.

The estimated current market value of the property is £348,426 , which equates to approximately £568 per square foot. It was last sold on 23 Mar 2015 for £315,000. Since then, the value has increased by £33,426, representing a 10.6% increase, or approximately 1.0% per year.

The current estimated value of £348,426 is:

  • 35.9% lower than the average property price on Homer Drive
  • 15.9% lower than the average in the E14 3UL postcode area
  • and 60.2% lower than the average price for London as a whole

This property has had 2 EPC inspections with recorded tenure information. It was recorded once as rented and once as owner-occupied, indicating a change in how it was used over time.

At the most recent EPC inspection on 27 February 2023, the property was recorded as rented.

View sold house prices in E14 3UL

Building approximate location

About Property

Type
Flat
Built
1991-1995
Interior Size
614 sq ft
Tenure
Leasehold
Floor level
1st floor
Price (estimate)
£348,426
Price Per sq ft (estimate)
£568
Bedroom Count (estimate)
1 bedroom

EPC Summary

Flat 2, Ares Court Homer Drive, London, Tower Hamlets, Greater London, E14 3UL has an Energy Performance Certificate (EPC) rating of B, based on the latest assessment carried out on 27 Feb 2023.

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

The previous EPC assessment was conducted on 31 Jan 2013, when the property was rated C. Since then, the rating has improved to B, with the energy efficiency score increasing by 5.1%.

Since the previous assessment, several changes were observed:

  • The main heating energy efficiency improving from very poor to average, while the heating system type remained the same (electric underfloor heating).
  • The lighting was changed from low energy lighting in 70% of fixed outlets to low energy lighting in all fixed outlets, with no change in efficiency (very good).
Heating Type
Electric underfloor heating
Average
Hot Water
Electric immersion, off-peak
Average
Walls
Cavity wall, as built, insulated (assumed)
Good
Windows
Fully double glazed
Good
Lighting
Low energy lighting in all fixed outlets
Very Good

Compared to E14 3UL

14 th / 16
Price Rank
16% lower than average
4 th / 16
Size Rank
3% smaller than average
15 th / 16
Price Per Sq FT Rank
13% lower than average

Compared to other properties in E14 3UL , this flat's estimated value ranks 14th out of 16. Based on price per square foot, it ranks 15th 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
£348,426
streetscan.co.uk estimate
+11 %
23 Mar 2015
£315,000
Leasehold
+26 %
18 Jan 2008
£250,000
Leasehold
+160.4 %
21 Jan 2000
£96,000
Leasehold

Area Insights

Similar Properties Sold Nearby

rooms: 2
size: 527 sq ft
sale price: £300,000
sale date: 9 Feb 2022
rooms: 2
size: 538 sq ft
sale price: £367,000
sale date: 24 Jan 2019
rooms: 2
size: 578 sq ft
sale price: £355,000
sale date: 13 Sep 2017
rooms: 2
size: 570 sq ft
sale price: £340,000
sale date: 18 Jul 2017
rooms: 2
size: 530 sq ft
sale price: £267,500
sale date: 7 Oct 2013

Data Sources

The property at Flat 2, Ares Court Homer Drive, London, E14 3UL appears three times in the Land Registry records, with the latest transaction recorded on 23 Mar 2015. It also has two Energy Performance Certificates (EPC) entries, the earliest dating back to 27 Feb 2023. 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.


Disclaimer: StreetScan.co.uk makes all reasonable efforts to ensure the information provided on this website is current and accurate; however, no warranties or representations are made as to its completeness or accuracy. StreetScan.co.uk expressly disclaims any and all liability for any loss, damage, or expense arising directly or indirectly from the use of, or reliance upon, such information.