Flat 40, Vermilion Apartments, 16 Gunmakers Lane, London, E3 5GG is a leasehold flat built in 2012 onwards. The property offers approximately 527 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 £419,316 , which equates to approximately £795 per square foot. It was last sold on 8 Sep 2017 for £425,000. Since then, the value has decreased by £5,684, representing a 1.3% decrease, or approximately 0.2% per year.

The current estimated value of £419,316 is:

  • 16.7% lower than the average property price on Gunmakers Lane
  • 19.2% lower than the average in the E3 5GG postcode area
  • and 52.1% lower than the average price for London as a whole

At the most recent EPC inspection on 9 July 2024, the property was recorded as owner-occupied.

View sold house prices in E3 5GG

Building approximate location

About Property

Type
Flat
Built
2012 onwards
Interior Size
527 sq ft
Tenure
Leasehold
Floor level
3rd floor
Price (estimate)
£419,316
Price Per sq ft (estimate)
£795
Bedroom Count (estimate)
1 bedroom

EPC Summary

Flat 40, 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 9 Jul 2024.

This property uses an electric boiler with radiators as its main heating source. 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 11.5%.

Since the previous assessment, several changes were observed:

  • The heating system was upgraded from community scheme to boiler and radiators, electric, changing energy efficiency from very good to average.
  • 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 system built, 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
Boiler and radiators, electric
Average
Hot Water
Community scheme
Good
Roof
Flat, insulated (assumed)
Good
Walls
System built, as built, insulated (assumed)
Very Good
Windows
Fully double glazed
Average
Lighting
Low energy lighting in all fixed outlets
Very Good

Compared to E3 5GG

30 th / 45
Price Rank
19% lower than average
25 th / 45
Size Rank
15% smaller than average
21 st / 45
Price Per Sq FT Rank
5% lower than average

Compared to other properties in E3 5GG , this flat's estimated value ranks 30th out of 45. Based on price per square foot, it ranks 21th out of 45 properties. In terms of size, this home ranks 25th out of 45 properties in its postcode area.

Sale History

Today
£419,316
streetscan.co.uk estimate
-1 %
8 Sep 2017
£425,000
Leasehold
+28.8 %
20 Mar 2014
£330,000
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: 506 sq ft
sale price: £320,000
sale date: 18 Jul 2014

Data Sources

The property at Flat 40, Vermilion Apartments, 16 Gunmakers Lane, London, E3 5GG appears two times in the Land Registry records, with the latest transaction recorded on 8 Sep 2017. It also has two Energy Performance Certificates (EPC) entries, the earliest dating back to 9 Jul 2024. 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.