Flat 38, Vermilion Apartments, 16 Gunmakers Lane, London, E3 5GG is a leasehold flat built between 2007-2011. The property offers approximately 506 square feet of living space and is situated on the 3rd floor. In this location, apartments of similar size usually have one bedroom.

The estimated current market value of the property is £420,703 , which equates to approximately £832 per square foot. It was last sold on 25 Mar 2024 for £415,000. Since then, the value has increased by £5,703, representing a 1.4% increase, or approximately 0.8% per year.

The current estimated value of £420,703 is:

  • 16.4% lower than the average property price on Gunmakers Lane
  • 18.9% lower than the average in the E3 5GG postcode area
  • and 51.9% lower than the average price for London as a whole

At the most recent EPC inspection on 8 November 2023, the property was recorded as rented.

View sold house prices in E3 5GG

Building approximate location

About Property

Type
Flat
Built
2007-2011
Interior Size
506 sq ft
Tenure
Leasehold
Floor level
3rd floor
Price (estimate)
£420,703
Price Per sq ft (estimate)
£832
Bedroom Count (estimate)
1 bedroom

EPC Summary

Flat 38, 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 8 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 8%.

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 flat, insulated (assumed), with no change in energy efficiency (good).
  • 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
Roof
Flat, insulated (assumed)
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

29 th / 45
Price Rank
19% lower than average
38 th / 45
Size Rank
18% smaller than average
9 th / 45
Price Per Sq FT Rank
1% lower than average

Compared to other properties in E3 5GG , this flat's estimated value ranks 29th out of 45. Based on price per square foot, it ranks 9th 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 38th out of 45 properties in its postcode area.

Sale History

Today
£420,703
streetscan.co.uk estimate
+1 %
25 Mar 2024
£415,000
Leasehold
+18.6 %
7 Mar 2014
£350,000
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: £499,000
sale date: 7 Feb 2023
rooms: 2
size: 527 sq ft
sale price: £425,000
sale date: 8 Sep 2017
rooms: 2
size: 506 sq ft
sale price: £320,000
sale date: 18 Jul 2014

Data Sources

The property at Flat 38, Vermilion Apartments, 16 Gunmakers Lane, London, E3 5GG appears two times in the Land Registry records, with the latest transaction recorded on 25 Mar 2024. It also has two Energy Performance Certificates (EPC) entries, the earliest dating back to 8 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.