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According to the public record, 2, Rich Street is a modern leasehold apartment with 538 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom.
Based on available information, and assuming reasonable condition, the estimated sale value for 2, Rich Street is £280,359 and the estimated rental value is £1,644 per month.
Rich Street, London, E14 is located in the borough of Tower Hamlets within the E14 postal district.
2, Rich Street has 21 entries in the Land Registry , most recently in November 2011 and a single entry in the EPC database dated May 2022.
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.
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, Rich Street is in very good condition we estimate a sale value of £294,377 and a rental value of £1,726 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £260,733 and a rental value of £1,529 per month.
Over the last 12 months the sale value of 2 Rich Street has decreased by an estimated £12,588 (4.5%) and its rental value has increased by an estimated £71 per month (4.3%), giving an expected gross yield of 7%.
2, Rich Street has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 10 May 2022.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Electric storage heaters.
According to HM Land Registry, 2, Rich Street was last sold on 4th November 2011 for £235,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since November 2011, the market for similar properties has risen 38.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2, 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.
Rich Street, London, E14 has a total of 34 addresses. According to our analysis of all the public data, 2, Rich Street is the 20th largest and the 20th most expensive property on the street.
When compared to the postcode district it is £195k less expensive than the average property in E14.
The nearest school is Cyril Jackson Primary School which is 200 metres away. The nearest train station is Westferry which is 200 metres away.
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