Flat 32, Vermilion Apartments, 16 Gunmakers Lane, London, E3 5GG is a leasehold flat built between 2003-2006. The property offers approximately 344 square feet of living space and is situated on the 2nd floor. In this location, apartments of similar size usually have one bedroom.

The estimated current market value of the property is £298,197 , which equates to approximately £866 per square foot. It was last sold on 23 Apr 2014 for £250,000. Since then, the value has increased by £48,197, representing a 19.3% increase, or approximately 1.7% per year.

The current estimated value of £298,197 is:

  • 40.8% lower than the average property price on Gunmakers Lane
  • 42.5% lower than the average in the E3 5GG postcode area
  • and 65.9% lower than the average price for London as a whole

At the most recent EPC inspection on 25 October 2023, the property was recorded as rented.

View sold house prices in E3 5GG

Building approximate location

About Property

Type
Flat
Built
2003-2006
Interior Size
344 sq ft
Tenure
Leasehold
Floor level
2nd floor
Price (estimate)
£298,197
Price Per sq ft (estimate)
£866
Bedroom Count (estimate)
1 bedroom

EPC Summary

Flat 32, Vermilion Apartments, 16 Gunmakers Lane, London, Tower Hamlets, Greater London, E3 5GG has an Energy Performance Certificate (EPC) rating of B, based on the latest assessment carried out on 25 Oct 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. The rating of B is unchanged, though the energy efficiency score decreased by 5.7%.

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 0.21 w/m?k to cavity wall, as built, insulated (assumed), changing energy efficiency from very good to 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)
Good
Windows
Fully double glazed
Good
Lighting
Low energy lighting in all fixed outlets
Very Good

Compared to E3 5GG

44 th / 45
Price Rank
43% lower than average
45 th / 45
Size Rank
44% smaller than average
5 th / 45
Price Per Sq FT Rank
3% higher than average

Compared to other properties in E3 5GG , this flat's estimated value ranks 44th out of 45. Based on price per square foot, it ranks 5th out of 45 properties. This suggests a relatively high price per square foot, which may reflect quality, location, or recent upgrades. In terms of size, this home ranks 45th out of 45 properties in its postcode area.

Sale History

Today
£298,197
streetscan.co.uk estimate
+19 %
23 Apr 2014
£250,000
Leasehold

Area Insights

Similar Properties Sold Nearby

rooms: 1
size: 355 sq ft
sale price: £240,000
sale date: 25 Apr 2014
rooms: 1
size: 355 sq ft
sale price: £245,000
sale date: 10 Mar 2014
rooms: 1
size: 377 sq ft
sale price: £216,200
sale date: 9 Apr 2014

Data Sources

The property at Flat 32, Vermilion Apartments, 16 Gunmakers Lane, London, Tower Hamlets, Greater London, E3 5GG appears once in the Land Registry records, with the transaction recorded on 23 Apr 2014. It also has two Energy Performance Certificates (EPC) entries, the earliest dating back to 25 Oct 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.