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According to the public record, 2, New Crane Place is a modern leasehold apartment with 1,173 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms.
Based on available information, and assuming reasonable condition, the estimated sale value for 2, New Crane Place is £669,015 and the estimated rental value is £3,499 per month.
New Crane Place, London, E1 is located in the borough of Tower Hamlets within the E1 postal district.
2, New Crane Place has a single entry in the Land Registry from June 2012 and a single entry in the EPC database dated February 2023.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 4 out of 5 and is considered of high accuracy.
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 2, New Crane Place is in very good condition we estimate a sale value of £702,466 and a rental value of £3,674 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £622,184 and a rental value of £3,254 per month.
Over the last 12 months the sale value of 2 New Crane Place has decreased by an estimated £16,066 (2.4%) and its rental value has increased by an estimated £229 per month (6.6%), giving an expected gross yield of 6.3%.
2, New Crane Place has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 17 Feb 2023.
The property is connected to mains gas and has single glazed windows. It is heated using Boiler and radiators, mains gas.
According to HM Land Registry, 2, New Crane Place was last sold on 13th June 2012 for £615,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since June 2012, the market for similar properties has dropped 9.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2, New Crane Place within a radius of 310 metres over the last 2 years.
The most recent example is Flat 22, 135, Wapping High Street, London, E1W 3NH, a leasehold flat which sold for £720,000 on the 21st March 2025.
Read more about house prices in E1.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
New Crane Place, London, E1 has a total of 137 addresses. According to our analysis of all the public data, 2, New Crane Place is the 29th largest and the 41st most expensive property on the street.
When compared to the postcode district it is £157k more expensive than the average property in E1.
The nearest school is St Peter's London Docks CofE Primary School which is 110 metres away. The nearest train station is Wapping which is 200 metres away.
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