16, Rich Street
16, Rich Street
Description & Estimates
According to the public record, 16, Rich Street is a mid-century leasehold apartment with 559 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Based on available information, and assuming reasonable condition, the estimated sale value for 16, Rich Street is £292,095 and the estimated rental value is £1,758 per month.
Rich Street, London, E14 is located in the borough of Tower Hamlets within the E14 postal district.
Our Data Sources
16, Rich Street has 21 entries in the Land Registry , most recently in August 2007 and a single entry in the EPC database dated July 2020.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 5 out of 5 and is considered of high accuracy.
Price Range & Condition
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If 16, Rich Street is in very good condition we estimate a sale value of £306,700 and a rental value of £1,846 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £271,648 and a rental value of £1,635 per month.
Recent Market Change
Over the past 12 months, the estimated sale value of 16, Rich Street has declined by £10,838 (3.7%), while its estimated rental value has climbed by £75 per month (4.3%). Based on current estimates, the property offers a gross rental yield of 7.2%.
Energy Efficiency
16, Rich Street has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 01 Jul 2020.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Electric storage heaters.
Sold Prices
According to HM Land Registry, 16, Rich Street was last sold on 10th August 2007 for £225,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since August 2007, the market for similar properties has risen by 17.7%.
- Sold Aug 2007£225,000
- Sold Apr 2000£120,000
Similar Properties Sold Nearby
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 16, Rich Street within a radius of 290 metres over the last 2 years.
The most recent example is 18, Rich Street, London, E14 8AL, a leasehold flat which sold for £311,000 on the 6th July 2023.
Read more about house prices in E14.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Rich Street, London, E14 has a total of 34 addresses. According to our analysis of all the public data, 16, Rich Street is the 14th largest and the 14th most expensive property on the street.
When compared to the postcode district it is £183k less expensive than the average property in E14.
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Schools Nearby
- 200mCyril Jackson Primary School
- 500mMayflower Primary School
- 500mOur Lady and St Joseph Catholic Primary School
- 1.2kmLangdon Park Community School
- 1.3kmStepney All Saints Church of England Secondary School
- 1.4kmMulberry Stepney Green Mathematics and Computing College
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Public Transport Nearby
The closest station to 16, Rich Street is Westferry station, which is 200 metres away.
- 200mWestferry
- 600mWest India Quay
- 700mPoplar
Available Internet Speeds
According to recent data from Ofcom, superfast broadband is available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
Risk of Flooding
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
