# NEW PROVIDENCE WHARF, 1 FLAT 938 FAIRMONT AVENUE, LONDON, TOWER HAMLETS, GREATER LONDON, E14 9PX

## Property details

- Slug: `e7fbcc2` (address key hash: `e7fbcc2913b00a9329f612aae5547b48ebdbdb56`)
- Postcode: E14 9PX
- Transactions on record: 1

- Tenure: Leasehold
- Property type: Flat
- Last sold: £440,000 Sep 2015
- Local average: £501,061 (228 sales)
- Street crime: 1280 incidents within 1 mile (Apr 2026)

## Latest sale

- Price: £440,000
- Date: 2015-09-11
- Type: F
- Tenure: L

## Price history

| Event | Date | Price | Type | % change | Today’s value (HPI) | Transaction |
|-------|------|-------|------|--------|---------------------|-------------|
| Sold | 2015-09-11 | £440,000 | Flat | — | £430,721 (to April 2026) | [View](http://87.117.209.195:8080/house-prices/5e091312-6c7a-4a1f-beea-6b51d1dc270d) |

*Today’s value (HPI): adjusted using published house price index trends for the area and property type; not a valuation of the property today.*

## Sales History

*Recorded sales for this property. Data from Land Registry Price Paid.*

| Address | Price | Date | Type |
|---------|-------|------|------|
| NEW PROVIDENCE WHARF, 1 FLAT 938 FAIRMONT AVENUE, LONDON, TOWER HAMLETS, GREATER LONDON, E14 9PX | £440,000 | 11/09/2015 | Flat |

## Sold Comparables

*Same street and nearby sales within 0.25 miles. Data from Land Registry Price Paid. Last 5 years.*

| Address | Price | Date | Type |
|---------|-------|------|------|
| NEW PROVIDENCE WHARF, 1 FLAT 738 FAIRMONT AVENUE, LONDON, TOWER HAMLETS, GREATER LONDON, E14 9PX | £335,000 | 27/03/2026 | Flat |
| CHARRINGTON TOWER, 11 APARTMENT 1105 BISCAYNE AVENUE, LONDON, TOWER HAMLETS, GREATER LONDON, E14 9BE | £430,000 | 19/01/2026 | Flat |
| CHARRINGTON TOWER, 11 APARTMENT 305 BISCAYNE AVENUE, LONDON, TOWER HAMLETS, GREATER LONDON, E14 9AY | £400,000 | 09/01/2026 | Flat |
| NEW PROVIDENCE WHARF, 1 FLAT 1419 FAIRMONT AVENUE, LONDON, TOWER HAMLETS, GREATER LONDON, E14 9PW | £550,000 | 06/01/2026 | Flat |
| CHARRINGTON TOWER, 11 APARTMENT 2502 BISCAYNE AVENUE, LONDON, TOWER HAMLETS, GREATER LONDON, E14 9BF | £265,000 | 19/12/2025 | Flat |
| ONTARIO TOWER, 4 FLAT 1710 FAIRMONT AVENUE, LONDON, TOWER HAMLETS, GREATER LONDON, E14 9JB | £300,100 | 19/12/2025 | Flat |
| NEW PROVIDENCE WHARF, 1 FLAT 1002 FAIRMONT AVENUE, LONDON, TOWER HAMLETS, GREATER LONDON, E14 9PA | £525,000 | 19/12/2025 | Flat |
| NEW PROVIDENCE WHARF, 1 FLAT 1231 FAIRMONT AVENUE, LONDON, TOWER HAMLETS, GREATER LONDON, E14 9QJ | £345,000 | 17/12/2025 | Flat |
| NEW PROVIDENCE WHARF, 1 FLAT 824 FAIRMONT AVENUE, LONDON, TOWER HAMLETS, GREATER LONDON, E14 9PL | £235,000 | 16/12/2025 | Flat |
| CHARRINGTON TOWER, 11 APARTMENT 2805 BISCAYNE AVENUE, LONDON, TOWER HAMLETS, GREATER LONDON, E14 9BF | £656,000 | 12/12/2025 | Flat |
| NEW PROVIDENCE WHARF, 1 FLAT 733 FAIRMONT AVENUE, LONDON, TOWER HAMLETS, GREATER LONDON, E14 9PX | £325,000 | 12/12/2025 | Flat |
| NEW PROVIDENCE WHARF, 1 FLAT 621 FAIRMONT AVENUE, LONDON, TOWER HAMLETS, GREATER LONDON, E14 9PF | £345,000 | 05/12/2025 | Flat |
| ONTARIO TOWER, 4 FLAT 803 FAIRMONT AVENUE, LONDON, TOWER HAMLETS, GREATER LONDON, E14 9JA | £255,000 | 02/12/2025 | Flat |
| NEW PROVIDENCE WHARF, 1 FLAT 1323 FAIRMONT AVENUE, LONDON, TOWER HAMLETS, GREATER LONDON, E14 9PW | £590,000 | 01/12/2025 | Flat |
| MICHIGAN BUILDING, 2 FLAT 207 BISCAYNE AVENUE, LONDON, TOWER HAMLETS, GREATER LONDON, E14 9QT | £325,000 | 14/11/2025 | Flat |
| NEW PROVIDENCE WHARF, 1 FLAT 330 FAIRMONT AVENUE, LONDON, TOWER HAMLETS, GREATER LONDON, E14 9PX | £1,246,000 | 08/07/2025 | Flat |
| CHARRINGTON TOWER, 11 APARTMENT 2809 BISCAYNE AVENUE, LONDON, TOWER HAMLETS, GREATER LONDON, E14 9BF | £542,500 | 28/03/2025 | Flat |
| CHARRINGTON TOWER, 11 APARTMENT 2209 BISCAYNE AVENUE, LONDON, TOWER HAMLETS, GREATER LONDON, E14 9BF | £495,000 | 07/02/2025 | Flat |
| NEW PROVIDENCE WHARF, 1 FLAT 825 FAIRMONT AVENUE, LONDON, TOWER HAMLETS, GREATER LONDON, E14 9PL | £445,000 | 29/11/2024 | Flat |
| NEW PROVIDENCE WHARF, 1 FLAT 825 FAIRMONT AVENUE, LONDON, TOWER HAMLETS, GREATER LONDON, E14 9PL | £445,000 | 29/11/2024 | Flat |

**Area average:** £452,730 (20 sales)

## For sale comparables

*Active for-sale listings within 1 mile, matched to the same property type. Bedroom counts vary — use the Beds column to compare like-for-like.*

| Address | Price | Beds | Type | Distance |
|---------|-------|------|------|----------|
| [One Park Drive, Canary Wharf, E14 ](http://87.117.209.195:8080/listings/fec4a06) | £1,630,000 | 2 | Flat | 0.54 mi |
| [1 Park Drive, London](http://87.117.209.195:8080/listings/46fc25e) | £750,000 | 1 | Flat | 0.54 mi |
| [Stoneyard Lane, Poplar, London,E14](http://87.117.209.195:8080/listings/179e669) | £340,000 | 2 | Flat | 0.65 mi |

## Capital growth trend

*Land Registry outcode average from sold prices: last 12 months vs 5y and 10y ago.*

- **5y growth:** -30.9%
- **10y growth:** 3%

## House Price Index (HM Land Registry)

*Official index for Tower Hamlets; Flats and maisonettes series; as of April 2026.*

- **1y growth (index):** -12.8%
- **5y growth (index):** -17.7%
- **10y growth (index):** -9.6%

## Rental Range

*ONS Price Index of Private Rents (Tower Hamlets). Low / Realistic / Optimistic = conservative / average / best case.*

- **Low:** £2,177/mo
- **Realistic:** £2,419/mo
- **Optimistic:** £2,661/mo

## LHA (Local Housing Allowance)

*VOA 30th percentile rent floor for Inner East London (Apr 2025 – Mar 2026).*

## Rental Comparables

*Residential lets from OpenRent and Rightmove for the area. Bedroom counts vary — use the Beds column to compare like-for-like lets. Student lets are excluded.*

| Title | Rent | Beds | Distance | As seen on |
|------|------|------|------|------|
| Studio Flat, New Providence Wharf, E14 | £1,647/mo | 1 | 0 miles | OpenRent |
| 1 Bed Flat, New Providence Wharf, E14 | £1,989/mo | 1 | 0 miles | OpenRent |
| 3 Bed Flat, New Providence Wharf, E14 | £4,250/mo | 3 | 0 miles | OpenRent |
| Studio Flat, Fairmont Avenue, E14 | £1,800/mo | 1 | 0.04 miles | OpenRent |
| 2 Bed Flat, New Providence Wharf, E14 | £3,302/mo | 2 | 0.04 miles | OpenRent |
| Studio Flat, Ontario Tower, E14 | £1,750/mo | 1 | 0.05 miles | OpenRent |
| Studio Flat, Ontario Tower, E14 | £1,825/mo | 1 | 0.05 miles | OpenRent |
| 1 Bed Flat, Ontario Tower, E14 | £2,275/mo | 1 | 0.06 miles | OpenRent |
| Studio Flat, Biscayne Avenue, E14 | £2,000/mo | 1 | 0.06 miles | OpenRent |
| Studio Flat, Ontario Tower, E14 | £1,955/mo | 1 | 0.06 miles | OpenRent |
| 2 Bed Flat, Corona Building, E14 | £2,300/mo | 2 | 0.09 miles | OpenRent |
| 2 Bed Flat, Aurora Building, E14 | £2,700/mo | 2 | 0.09 miles | OpenRent |
| 2 Bed Flat, Aurora Building, E14 | £3,000/mo | 2 | 0.09 miles | OpenRent |
| 1 Bed Flat, Aurora Building, E14 | £1,950/mo | 1 | 0.1 miles | OpenRent |
| 1 Bed Flat, Wingfield Court, E14 | £2,000/mo | 1 | 0.17 miles | OpenRent |
| 1 Bed Flat, Naval Row, E14 | £1,650/mo | 1 | 0.21 miles | OpenRent |
| 2 Bed Flat, Romney House, E14 | £1,995/mo | 2 | 0.21 miles | OpenRent |
| 2 Bed Flat, Royal Captain Court, E14 | £1,200/mo | 2 | 0.21 miles | OpenRent |

**Average rent: £2,199/mo (18 listings)**

## 1% Rule

- **Rent ratio:** 0.45% (weak for cashflow)
- **Max investor price (0.8%):** £249,000
- **Target investor price (1%):** £199,200

*Monthly rent ÷ price. 1%+ = strong, 0.8–1% = okay, <0.8% = weak. Max investor price = rent ÷ 0.8% (Stoke-style target). Target investor price = rent ÷ 1% (strong cashflow band). Based on OpenRent comparables.*

## Rent-driven metrics

*Based on OpenRent comparables (median £1,992/mo).*

- **Gross yield:** 5.4%
- **Cost-to-rent:** 18.4×
- **Monthly cashflow:** £35/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term)
- **Cash-on-cash ROI:** 0.3%

*Gross yield = annual rent as % of price (no costs). Cost-to-rent = price ÷ annual rent (from OpenRent comparables); under 14× = strong, 14–16× = acceptable, 17×+ = compressed. Cashflow = rent − mortgage − 10% maintenance − £25/mo compliance; assumes 75% LTV, 3.95% APR (5yr fixed), 25yr term. ROI = annual profit ÷ cash in (deposit + 4% purchase costs).*

## Flood risk

- **Zone:** 1
- **Risk:** Low
- **Source:** Job (default Low)

[Check long-term flood risk (GOV.UK)](https://check-long-term-flood-risk.service.gov.uk/postcode)

## Street-level crime

| Category | Count |
|----------|-------|
| Anti-social behaviour | 284 |
| Violence and sexual offences | 280 |
| Shoplifting | 110 |
| Vehicle crime | 108 |
| Other theft | 91 |
| Theft from the person | 88 |
| Drugs | 76 |
| Burglary | 57 |
| Criminal damage and arson | 55 |
| Public order | 51 |
| Robbery | 42 |
| Bicycle theft | 17 |
| Other crime | 12 |
| Possession of weapons | 9 |
| **Total incidents** | **1280** |

*Within 1 mile during Apr 2026. Source: data.police.uk (England & Wales).*

## Schools nearby

*Nearest open schools with Ofsted ratings (England). Closed schools are not shown.*

| Name | Type | Distance | Ofsted |
|------|------|----------|--------|
| Mulberry Wood Wharf Primary School | Primary | 0.3 miles | — (No rating) |
| Woolmore Primary School | Primary | 0.4 miles | Outstanding — 16 Nov 2022 |
| Culloden Primary - A Paradigm Academy | Primary | 0.5 miles | Outstanding — 21 Jul 2015 |
| Ravensbourne | Other | 0.5 miles | — (No rating) |
| New City College | Other | 0.6 miles | — (No rating) |