72, Richard Tress Way
72, Richard Tress Way
Description & Estimates
72, Richard Tress Way is recorded publicly as a modern leasehold apartment across 441 ft2 of internal area.
Locally, apartments of this size normally have 1 bedroom.
Our estimate of the sale value of 72, Richard Tress Way is £351,774 and its rental estimate is £1,719 per month, given the available information and assuming reasonable condition.
Richard Tress Way, London, E3 falls within the E3 postal district, in the borough of Tower Hamlets.
Our Data Sources
72, Richard Tress Way has 2 entries in the Land Registry , most recently in November 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
The condition of a property plays an important role in determining its value, with the degree of impact varying by property type, size and location.
For 72, Richard Tress Way, we estimate a market value of £369,363 and a rental value of £1,805 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £327,150 and £1,599 per month respectively.
Recent Market Change
Over the last year, 72, Richard Tress Way has seen its estimated sale value decrease by £12,263 (3.5%) and its estimated rental value grow by £59 per month (3.4%). This results in an estimated gross rental yield of 5.9%.
Energy Efficiency
72, 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
The most recent sale of 72, Richard Tress Way completed on 22nd November 2022 at £377,000 and was recorded by HM Land Registry as a leasehold flat.
Since 1995 the property has sold twice.
Values of comparable properties have dropped by 1.2% over the period since November 2022.
- Sold Nov 2022£377,000
- Sold Dec 2017£350,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 72, Richard Tress Way have sold within a radius of 320 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 21st February 2024, was 38, Richard Tress Way, London, E3 4SN, a leasehold flat which sold for £350,000.
Read more about house prices in E3.
- Sold Feb 2024£350,000 | 1 Bed FlatRichard Tress Way38, Richard Tress Way, London, E3 4SN
- Sold Dec 2022£390,000 | 1 Bed FlatRichard Tress Way58, Richard Tress Way, London, E3 4SN
- Sold Oct 2019£390,000 | 1 Bed FlatShaft Apartments 12, Richard Tress WayFlat 103, 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
Of the 57 addresses on Richard Tress Way, London, E3, 72, Richard Tress Way comes out as the 57th largest and the 50th most expensive in our analysis of the public data.
It is also £93k less expensive than the average property across the E3 district.
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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
From 72, Richard Tress Way, the nearest station is Mile End, 300 metres away.
- 300mMile End
- 300mBow Road
- 600mBow Church
Available Internet Speeds
Broadband here reaches superfast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Superfast broadband is available in the area.
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
