58, Richard Tress Way
58, Richard Tress Way
Description & Estimates
According to the public record, 58, Richard Tress Way is a modern leasehold apartment with 452 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 58, Richard Tress Way is £357,940 and the estimated rental value is £1,749 per month.
Richard Tress Way, London, E3 is located in the borough of Tower Hamlets within the E3 postal district.
Our Data Sources
58, Richard Tress Way has 2 entries in the Land Registry , most recently in December 2022 and a single entry in the EPC database dated November 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
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 58, Richard Tress Way is in very good condition we estimate a sale value of £375,837 and a rental value of £1,836 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £332,884 and a rental value of £1,626 per month.
Recent Market Change
Over the past 12 months, the estimated sale value of 58, Richard Tress Way has dropped by £12,478 (3.5%), while its estimated rental value has risen by £60 per month (3.4%). Based on current estimates, the property offers a gross rental yield of 5.9%.
Energy Efficiency
58, Richard Tress Way has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 13 Nov 2017.
The property is not connected to mains gas and has high performance glazing. It is heated using Community scheme.
Sold Prices
According to HM Land Registry, 58, Richard Tress Way was last sold on 19th December 2022 for £390,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since December 2022, the market for similar properties has dropped by 0.8%.
- Sold Dec 2022£390,000
- Sold Dec 2017£410,000
Similar Properties Sold Nearby
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 58, Richard Tress Way within a radius of 310 metres over the last 2 years.
The most recent example is 38, Richard Tress Way, London, E3 4SN, a leasehold flat which sold for £350,000 on the 21st February 2024.
Read more about house prices in E3.
- Sold Feb 2024£350,000 | 1 Bed FlatRichard Tress Way38, Richard Tress Way, London, E3 4SN
- Sold Nov 2022£377,000 | 1 Bed FlatRichard Tress Way72, Richard Tress Way, London, E3 4SN
- Sold Dec 2017£130,000 | 1 Bed FlatLongbow Apartments 71, St. Clements AvenueFlat 201, Longbow Apartments 71, St. Clements Avenue, London, E3 4XZ
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
More reading links
Location Comparison
Richard Tress Way, London, E3 has a total of 57 addresses. According to our analysis of all the public data, 58, Richard Tress Way is the 49th largest and the 48th most expensive property on the street.
When compared to the postcode district it is £87k less expensive than the average property in E3.
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
The closest station to 58, Richard Tress Way is Mile End station, which is 300 metres away.
- 300mMile End
- 300mBow Road
- 600mBow Church
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.
