Merchant Street, London, E3
PU

Merchant Street, London, E3

By Purplebricks

£ 380,000

Reviews

3 out of 5 stars

Purplebricks says ..

Situated in the vibrant heart of Bow, E3, this stunning one-bedroom apartment offers contemporary living just moments from excellent transport links and local amenities. Positioned on the second floor of a modern purpose-built development, the property is beautifully presented and ready to move i...

Property Oracle says ..

The property is located in the E3 postcode district of London, specifically on Merchant Street in Bromley North. The area benefits from several nearby schools, including Phoenix School (Outstanding Ofsted rating) and several others with Good ratings, all within a short distance. Public transportation options are also readily available, with several Overground and rail stations within approximately 2-3km. This suggests a convenient location for residents. Based on the provided photos, the property appears to be in good condition. The interior is modern and well-maintained, with updated fixtures and appliances. There is no visible evidence of significant damage or needed repairs. The exterior photos show a modern apartment building that also appears to be well-maintained. The property includes a balcony, offering some outdoor space. While not a large garden, it still provides an area for relaxation and potentially some gardening. The list price of £380,000 is lower than the average price for the area (£453,378), and the property’s size (471.67 sqft) is smaller than the average (658 sqft). Considering the property’s good condition and convenient location, the price could be considered reasonable, especially when compared to other nearby listings. However, the lack of information on comparable properties with similar square footage makes it difficult to definitively assess the value. The average price per sqft in the area is £689, which is significantly higher than what this property is listed at. This suggests that the property may be undervalued.

Therefore, we give this property 7 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Price
7
Condition
9
Location
8
Land
6
Bedrooms
1
Bathrooms
1
Sqft (est)
471.67
Lot (est)
477.92

The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.

Metrics Year-on-Year

Average area value
374,250.00 £
Decreased by 7.52 %
from 404,663.00 £
Est sale value
298,095.44 £
Increased by 12.06 %
from 266,021.88 £
Average area rental value
2,248.00 £/mo
Increased by 6.84 %
from 2,104.00 £/mo
Est letting value
1,415.01 £/mo
Increased by 50.00 %
from 943.34 £/mo
Est rental Yield
7.21 %
Increased by 15.54 %
from 6.24 %
Crime Rate
8.00 %
Unchanged by 0.00 %
from 8.00 %

Agent Activity

  • Purplebricks created the listing.

Nearby Schools

NameTypeOfstedDistance
Phoenix SchoolCommunity Special SchoolOutstanding0.18 KM
Phoenix Autism TrustSpecial Post 16 Institution0.21 KM
Central Foundation Girls' SchoolVoluntary Aided SchoolGood0.24 KM
Wellington Primary SchoolCommunity SchoolGood0.30 KM
Malmesbury Primary SchoolCommunity SchoolGood0.36 KM

Images

Nearby Streets

NameAverage PriceAverage SqftDistance
Matching Court £ 000.00 KM
Cantrell Road £ 600,00000.00 KM
Coborn Mews £ 000.00 KM
Malmesbury Road £ 475,00000.00 KM
Balmer Road £ 000.00 KM

Nearby Transport

NameNLCTLCDistance
Hackney Wick6978HKW1.96 KM
Limehouse7491LHS2.06 KM
Homerton6979HMN2.90 KM
Stratford International7222SFA2.91 KM
Stratford6969SRA3.16 KM

Nearby Listings

AddressPriceTypeScoreDistance
Merchant Street, London, E3 £ 380,000BUY7 / 100.00 KM
Merchant Street, London £ 440,000BUY6 / 100.02 KM
Merchant Street, London, E3 £ 450,000BUY6 / 100.02 KM
Merchant Street, London £ 500,000BUYUnknown0.02 KM
Merchant Street, Bow, London £ 2,000,000BUY4 / 100.04 KM

Nearby Properties

AddressPriceDistance
19 Bow Road £ 1,370,0000.14 KM
15 Bow Road £ 1,253,5000.14 KM
9 Bow Road £ 1,225,0000.14 KM
23 Bow Road £ 1,050,0000.14 KM
5 Bow Road £ 630,0000.14 KM