48 Fairlane Drive

    48, FAIRLANE DRIVE, SOUTH OCKENDON, RM15 5FA

    This detached leasehold property on Fairlane Drive last sold in May 2016 for £340,000. Based on price growth in the RM15 district since then, its estimated current value is £481,760 — placing it in the 77th percentile nationally and the 87th percentile within RM15. The property covers 91 m² (980 sq ft), giving an estimated value of £5,294 per m². The EPC rating is B, with a potential rating of B.

    Type

    Detached

    Tenure

    Leasehold

    Floor Area

    980 sq ft

    91 m²

    Last Sale Price

    £340,000

    May 2016

    Estimated Valuation

    £481,760

    Est. £/sq ft

    £492/sq ft

    £5,294/m²

    Property Details

    TypeDetached
    TenureLeasehold
    Built formDetached
    Construction age2014
    Habitable roomsNot available
    Main fuelGas: mains gas
    EPC currentB
    EPC potentialB
    Floor area980 sq ft (91 m²)
    EPC dateMay 2016
    WallsAverage thermal transmittance 0.26 W/m²K
    HeatingBoiler and radiators, mains gas

    Transaction History

    16 May 2016

    New build

    £340,000

    Key Metrics

    Estimated valuation£481,760
    Value per sq ft / m²£492/sq ft (£5,294/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    RM15 district percentile87th percentile
    National percentile77th percentile

    District Context — RM15

    RM15 covers the southeastern part of the RM postcode area, situated in east London's outer reaches. It is a family-oriented neighbourhood with a notably youthful demographic and strong owner-occupier presence.

    Average Property Price - RM15

    £354,356

    57

    National percentile

    Average Net Household Income - RM15

    £41,619

    65

    National percentile

    10-Year Annualised Price Growth - RM15

    4.4%

    77

    National percentile

    10-Year Annualised Rent Growth - RM

    4.4%

    80

    National percentile

    View full analysis for RM15

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