38, Richard Tress Way
38, Richard Tress Way
Description & Estimates
Public records show 38, Richard Tress Way to be a modern leasehold apartment with 452 ft2 of internal area.
In this area, apartments of this size normally have 1 bedroom.
38, Richard Tress Way has an estimated sale value of £357,940 and an estimated rental value of £1,749 per month, assuming reasonable condition and based on the information available.
Richard Tress Way, London, E3 lies in the borough of Tower Hamlets, within the E3 postal district.
Our Data Sources
38, Richard Tress Way has 2 entries in the Land Registry , most recently in February 2024 and a single entry in the EPC database dated June 2017.
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.
Price Range & Condition
In very good condition, we estimate 38, Richard Tress Way would be worth £375,837, with a potential rental value of £1,836 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £332,884, with a rental value of £1,626 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 38, Richard Tress Way has moved down by £12,478 (3.5%) over the last year. During the same period, its estimated monthly rental value has increased by £60 (3.4%). The property's estimated gross yield is currently 5.9%.
Energy Efficiency
38, Richard Tress Way has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 09 Jun 2017.
The property is not connected to mains gas and has high performance glazing. It is heated using Community scheme.
Sold Prices
38, Richard Tress Way last changed hands on 21st February 2024, selling for £350,000. The transaction was logged as a leasehold flat by HM Land Registry.
In total it has sold twice since 1995.
The market for similar properties has risen by 0.9% since February 2024.
- Sold Feb 2024£350,000
- Sold Jun 2017£375,000
Similar Properties Sold Nearby
Land Registry records and our Estate Agent network show 3 sales of comparable properties within 310 metres of 38, Richard Tress Way across the last 2 years.
Most recently, 58, Richard Tress Way, London, E3 4SN, a leasehold flat, sold at £390,000 on the 19th December 2022.
Read more about house prices in E3.
- Sold Dec 2022£390,000 | 1 Bed FlatRichard Tress Way58, Richard Tress Way, London, E3 4SN
- Sold Nov 2022£377,000 | 1 Bed FlatRichard Tress Way72, Richard Tress Way, London, E3 4SN
- Sold Oct 2022£425,000 | 1 Bed FlatShaft Apartments 12, Richard Tress WayFlat G01, Shaft Apartments 12, Richard Tress Way, London, E3 4SN
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
More reading links
Location Comparison
Our analysis of the public data ranks 38, Richard Tress Way as the 50th largest and the 49th most expensive of the 57 addresses on Richard Tress Way, London, E3.
Against the E3 postcode district average, it is £87k less expensive than the typical property.
More reading links
Schools Nearby
- 300mWellington Primary School
- 300mMalmesbury Primary School
- 700mThe Clara Grant Primary School
- 300mCentral Foundation Girls' School
- 1.1kmMulberry UTC
- 1.2kmMulberry Stepney Green Mathematics and Computing College
More reading links
Public Transport Nearby
Mile End station is the nearest stop to 38, Richard Tress Way at 300 metres away.
- 300mMile End
- 300mBow Road
- 600mBow Church
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.
