Flat 22, Vermilion Apartments, 16 Gunmakers Lane, London, E3 5GG is a leasehold flat built in 2012 onwards. The property offers approximately 495 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 £345,908 , which equates to approximately £699 per square foot. It was last sold on 17 Apr 2014 for £290,000. Since then, the value has increased by £55,908, representing a 19.3% increase, or approximately 1.7% per year.

The current estimated value of £345,908 is:

  • 31.3% lower than the average property price on Gunmakers Lane
  • 33.3% lower than the average in the E3 5GG postcode area
  • and 60.5% lower than the average price for London as a whole

At the most recent EPC inspection on 7 November 2023, the property was recorded as rented.

View sold house prices in E3 5GG

Building approximate location

About Property

Type
Flat
Built
2012 onwards
Interior Size
495 sq ft
Tenure
Leasehold
Floor level
1st floor
Price (estimate)
£345,908
Price Per sq ft (estimate)
£699
Bedroom Count (estimate)
1 bedroom

EPC Summary

Flat 22, Vermilion Apartments, 16 Gunmakers Lane, London, Tower Hamlets, Greater London, E3 5GG has an Energy Performance Certificate (EPC) rating of C, based on the latest assessment carried out on 7 Nov 2023.

This property is heated by a shared community system (community scheme). Community heating means the heat is supplied from a central source serving multiple homes. A community heating scheme is used to provide hot water. The windows are fully double glazed.

The previous EPC assessment was conducted on 1 Nov 2013, when the property was rated B. The current rating of C reflects a decline in energy efficiency of 7.1%.

Since the previous assessment, several changes were observed:

  • The main heating energy efficiency changing from very good to good, while the heating system type remained the same (community scheme).
  • The hot water energy efficiency changing from very good to good, while the system remained as community scheme.
  • The roof construction or insulation changed from average thermal transmittance 0 w/m?k to (another dwelling above), changing energy efficiency from good to n/a.
  • The wall construction or insulation changed from average thermal transmittance 0.20 w/m?k to cavity wall, as built, insulated (assumed), with no change in energy efficiency (very good).
  • The windows were upgraded from high performance glazing to fully double glazed.
Heating Type
Community scheme
Good
Hot Water
Community scheme
Good
Walls
Cavity wall, as built, insulated (assumed)
Very Good
Windows
Fully double glazed
Good
Lighting
Low energy lighting in all fixed outlets
Very Good

Compared to E3 5GG

40 th / 45
Price Rank
33% lower than average
39 th / 45
Size Rank
20% smaller than average
41 st / 45
Price Per Sq FT Rank
17% lower than average

Compared to other properties in E3 5GG , this flat's estimated value ranks 40th out of 45. Based on price per square foot, it ranks 41th out of 45 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 39th out of 45 properties in its postcode area.

Sale History

Today
£345,908
streetscan.co.uk estimate
+19 %
17 Apr 2014
£290,000
Leasehold

Area Insights

Similar Properties Sold Nearby

rooms: 2
size: 495 sq ft
sale price: £440,000
sale date: 8 Nov 2024
rooms: 2
size: 517 sq ft
sale price: £432,500
sale date: 6 Aug 2024
rooms: 2
size: 506 sq ft
sale price: £415,000
sale date: 25 Mar 2024
rooms: 2
size: 506 sq ft
sale price: £499,000
sale date: 7 Feb 2023
rooms: 2
size: 527 sq ft
sale price: £425,000
sale date: 8 Sep 2017

Data Sources

The property at Flat 22, Vermilion Apartments, 16 Gunmakers Lane, London, Tower Hamlets, Greater London, E3 5GG appears once in the Land Registry records, with the transaction recorded on 17 Apr 2014. It also has two Energy Performance Certificates (EPC) entries, the earliest dating back to 7 Nov 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.