Flat 5, 89 Watney Street, London, E1 2QE is a leasehold flat built between 1900-1929. The property offers approximately 624 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 £296,016 , which equates to approximately £474 per square foot. It was last sold on 5 Aug 2022 for £327,500. Since then, the value has decreased by £31,484, representing a 9.6% decrease, or approximately 2.9% per year.

The current estimated value of £296,016 is:

  • 7.1% higher than the average property price on Watney Street
  • 12.7% higher than the average in the E1 2QE postcode area
  • and 66.2% lower than the average price for London as a whole

At the most recent EPC inspection on 20 July 2022, the property was recorded as rented.

View sold house prices in E1 2QE

Building approximate location

About Property

Type
Flat
Built
1900-1929
Interior Size
624 sq ft
Tenure
Leasehold
Floor level
2nd floor
Price (estimate)
£296,016
Price Per sq ft (estimate)
£474
Bedroom Count (estimate)
1 bedroom

EPC Summary

Flat 5, 89 Watney Street, London, Tower Hamlets, Greater London, E1 2QE has an Energy Performance Certificate (EPC) rating of C, based on the latest assessment carried out on 20 Jul 2022.

This property uses a gas-fired boiler and radiators, connected to the mains gas supply, as its main heating source. Hot water is provided from main heating system. The windows are fully double glazed.

The previous EPC assessment was conducted on 1 Aug 2012, when the property was rated B. The current rating of C reflects a decline in energy efficiency of 13.4%.

Since the previous assessment, several changes were observed:

  • The wall construction or insulation changed from system built, as built, insulated (assumed) to solid brick, as built, no insulation (assumed), changing energy efficiency from good to very poor.
  • The lighting was updated from low energy lighting in 11% of fixed outlets to low energy lighting in 55% of fixed outlets, with efficiency improving from poor to good.
Heating Type
Boiler and radiators, mains gas
Good
Hot Water
From main system
Good
Walls
Solid brick, as built, no insulation (assumed)
Very Poor
Windows
Fully double glazed
Average
Lighting
Low energy lighting in 55% of fixed outlets
Good

Compared to E1 2QE

7 th / 12
Price Rank
13% higher than average
2 nd / 7
Size Rank
31% bigger than average
6 th / 7
Price Per Sq FT Rank
14% lower than average

Compared to other properties in E1 2QE , this flat's estimated value ranks 7th out of 12. Based on price per square foot, it ranks 6th out of 7 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 2nd out of 7 properties in its postcode area.

Sale History

Today
£296,016
streetscan.co.uk estimate
-10 %
5 Aug 2022
£327,500
Leasehold

Area Insights

Similar Properties Sold Nearby

rooms: 3
size: 581 sq ft
sale price: £305,000
sale date: 4 Oct 2024
rooms: 3
size: 570 sq ft
sale price: £330,000
sale date: 30 Aug 2022
rooms: 3
size: 614 sq ft
sale price: £330,000
sale date: 15 Jul 2022
rooms: 3
size: 635 sq ft
sale price: £380,000
sale date: 27 Oct 2023
rooms: 3
size: 603 sq ft
sale price: £450,000
sale date: 9 Dec 2016

Data Sources

The property at Flat 5, 89 Watney Street, London, Tower Hamlets, Greater London, E1 2QE appears once in the Land Registry records, with the transaction recorded on 5 Aug 2022. It also has two Energy Performance Certificates (EPC) entries, the earliest dating back to 20 Jul 2022. 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.