3, Banks Way
3, Banks Way
Description & Estimates
The public record describes 3, Banks Way as a modern house with 775 ft2 of internal area.
In this area, houses of this size normally have 3 bedrooms with a garden.
3, Banks Way has an estimated sale value of £391,414 and an estimated rental value of £2,448 per month, assuming reasonable condition and based on the information available.
Banks Way, London, E12 lies in the borough of Newham, within the E12 postal district.
Our Data Sources
3, Banks Way has no records in the the Land Registry and a single entry in the EPC database dated July 2012.
We combine this information with public data of neighbouring properties to estimate the property attributes and values.
The local information is scored as 3 out of 5 and is considered of medium accuracy.
Price Range & Condition
In very good condition, we estimate 3, Banks Way would be worth £410,985, with a potential rental value of £2,570 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £364,015, with a rental value of £2,276 per month.
The extent to which decoration affects a property's value depends on its type, size and location.
Recent Market Change
The estimated sale value of 3, Banks Way has moved down by £2,671 (0.7%) over the last year. During the same period, its estimated monthly rental value has increased by £87 (3.5%). The property's estimated gross yield is currently 7.5%.
Energy Efficiency
3, Banks Way has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 10 Jul 2012.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
Similar Properties Sold Nearby
Land Registry records and our Estate Agent network show 3 sales of comparable properties within 380 metres of 3, Banks Way across the last 2 years.
Most recently, 80, Grantham Road, London, E12 5NE, a freehold house, sold at £400,000 on the 21st August 2025.
Read more about house prices in E12.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Our analysis of the public data ranks 3, Banks Way as the 5th largest and the 5th most expensive of the 12 addresses on Banks Way, London, E12.
Against the E12 postcode district average, it is £44k less expensive than the typical property.
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Schools Nearby
- 300mDersingham Primary School
- 500mSheringham Primary School
- 600mSt Winefride's RC Primary School
- 800mLittle Ilford School
- 1.2kmThe Ursuline Academy Ilford
- 1.8kmPlashet, City of London Academy
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Public Transport Nearby
Ilford station is the nearest stop to 3, Banks Way at 800 metres away.
- 800mIlford
- 1.3kmManor Park
- 1.5kmWoodgrange Park
Available Internet Speeds
Ofcom's latest figures show superfast broadband available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
Risk of Flooding
Environment Agency data suggests this area has a very low risk of flooding.
