Flat 4, Iron Works, 58 Dace Road, London, E3 2NX

UPRN:6358067Flat/Maisonette3 bedsBuilt 2003-2006

LeaseholdCouncil Tax: Band DEPC: B (85)

Data freshness:Listing· freshPrice Paid· freshEPC· 6mo agoRisk· 5mo agoConnectivity· 1mo agoSchools· 1mo agoAmenities· 1mo agoArea· Census 2021

Flat 4, Iron Works, 58 Dace Road, London, E3 2NX

HP Score

/ 100

Mixed

Verdict

yesterday

Verdict: INVESTIGATE, on a scale of Buy, Investigate, Avoid.
Mixed signals - investigate

Evidence

19 of 21 sources

Sale Estimate

£544,000

£516k - £571kHigh

Estimate

£544k

Range

£516k – £571k

Rent Estimate (pcm)

£2,900

£3k - £3k

Monthly

£2,900

Yield

6.33%

Verdict

Derived from HomePortfolio scores

Flat 4 earns an INVESTIGATE rating with HP Score 62/100. Investment score 71/100 reflects strong fundamentals. Crime intensity is elevated. Walkability is good (79/100). Flood risk is not assessed: check the Environment Agency long-term flood map before offering. Tenure is leasehold. Every figure here comes from the live HomePortfolio API; anything it does not publish is left out.

Key SourcesEPC RegisterPortal listingsOfcom Connected NationsOfcom mobile coverageMarket estimates (third-party AVM)HM Land Registry sales matched to addressDefra strategic noise mapping, England Round 4 (Contains Defra data © Crown copyright and database right 2023-2024, Open Government Licence v3.0)Walk ScoreONS Census 2021Police.ukHM Land Registry company ownershipHM Land Registry leasesHM Land Registry Price PaidPlanIt / council planning portalsOverture Maps PlacesOfsted / DfE GIAS

HP Score

62/ 100

Mixed

Investment Score

71/ 100

High

Crime Score

92/ 100

Elevated

Walkability

79/ 100

High

Transit & Bike

Transit 48Bike 81

Walk Score, out of 100

Opportunity

Not scored as an opportunity

We will not put a number on this one.

listing is 'Under offer' - sale already progressing, not an actionable opportunity

Withholding a score is deliberate. A number built on missing or stale inputs would look more certain than the evidence allows.

Economics

What happens to your money

Your assumptions

Purchase price£550,000

At the asking price

Monthly rent£2,900/mo

Evidenced range £2,650-£3,100

Interest rate5.4%

Loan to value75%

Cash required: £183,800
Net cash flow: £151/mo
Cash on cash: 1.0%
Score at this price: -

After a 8% void allowance, 15% management and 10% maintenance. Lender coverage (rent ÷ interest): 1.56 - clears the usual 1.25 test. These are your assumptions, not evidence: only the pre-filled rent and price come from the record.

Risks

What could kill this deal

Score confidence is low
largely a single source - treat the number as a prompt, not a conclusion

Property risk deep-dive →flood, subsidence, crime, environment - the full domain

Plan

Before you offer

1. Commission a full structural survey, not a basic condition report.
The score prices market evidence, not the fabric of the building.

Every step above was generated from a specific gap or flag in the evidence - no generic advice, no invented tasks.

Valuation & Market

Sale Estimate£544,000

Rent Estimate (pcm)£2,900

Gross Yield6.33%

1y Growth+13.0%

3y Growth+0.8%

5y Growth-1.1%

10y Growth+0.2%

Last Sold Price£450,000 (2014-02-17)

View Market Details

Risk Overview

Flood RiskUnknown
SubsidenceSignificant
RadonLow
MiningUnknown
LandslideLow
Air QualityLow
NoiseLow

View Full Risk Report

Planning Activity

Recent Apps

1E3 2NX

Approval Rate

-12mo

Development

low

PA/26/01838
Erection of a two storey dwellinghouse (Use Class C3), new boundary wall and associated landscaping, cycle and refuse storage
Pending
26/02217/ADV
Display of 1 internally illuminated fascia sign and 1 interally illuminated lightbox sign.
Pending
PA/26/01811/NC
T1 Ash [height approx 6 meters crown spread approx 5 meters] - crown reduce by 3 meters on all aspects to slow root growth and create a more compact crown
Pending

View Planning Timeline

Ownership

Corporate Ownership28.4%
Overseas OwnershipNo
Lease Term Remaining102 yrs
CovenantsNone
Lease TypeLeasehold
Last Ownership Change2014-02-17
SourceLand Registry

View Ownership Details

Connectivity

Broadband (Standard)

5 Mbps

Mobile 4G/5G Coverage

EEThreeO2Vodafone

EV Charger

PTAL Rating

View Connectivity Map

Area Profile

Median EarningsLocal authority£45,183

Population Density-

Owner Occupied28%

Age Distribution

0-15 13%16-64 83%65+ 4%

View Area Profile

Schools Nearby

Mulberry UTC
0.3 mi
Area grades2025
Inspected after Ofsted withdrew the single overall grade.
Bobby Moore Academy
0.4 mi
Report card2026
Ofsted no longer awards a single overall grade.
Old Ford Primary - A Paradigm Academy
0.5 mi
Outstanding
Mossbourne Riverside Academy
0.5 mi
-

2 of 12 nearby schools with published figures were oversubscribed in 2026 - demand, not a catchment.

View All Schools

Comparables

View All

Iron Works, 58 Dace Road
-
£425k
-
Iron Works, 58 Dace Road
-
£538k
-
Iron Works, 58 Dace Road
-
£555k
-
Iron Works, 58 Dace Road
-
£510k
-

Boundary data not available for this property

No registered title polygon, building footprint, or street match for this property yet.

Why: No HMLR INSPIRE / OSM footprint / OS Open USRN match for this UPRN

Source: HM Land Registry INSPIRE / OpenStreetMap / OS Open USRN