8, Richard Tress Way
8, Richard Tress Way
Description & Estimates
Public records show 8, Richard Tress Way to be a modern leasehold apartment with 882 ft2 of internal area.
In this area, apartments of this size normally have 3 bedrooms.
8, Richard Tress Way has an estimated sale value of £595,525 and an estimated rental value of £3,040 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
8, Richard Tress Way has a single entry in the Land Registry from August 2019 and a single entry in the EPC database dated June 2019.
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 8, Richard Tress Way would be worth £625,301, with a potential rental value of £3,192 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £553,838, with a rental value of £2,827 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 8, Richard Tress Way has moved down by £11,447 (1.9%) over the last year. During the same period, its estimated monthly rental value has increased by £163 (5.4%). The property's estimated gross yield is currently 6.1%.
Energy Efficiency
8, Richard Tress Way has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 28 Jun 2019.
The property is not connected to mains gas and has high performance glazing. It is heated using Community scheme.
Sold Prices
8, Richard Tress Way last changed hands on 14th August 2019, selling for £600,000. The transaction was logged as a leasehold flat by HM Land Registry.
That is its only recorded sale since 1995.
The market for similar properties has dropped by 5.6% since August 2019.
- Sold Aug 2019£600,000
Similar Properties Sold Nearby
Land Registry records and our Estate Agent network show 3 sales of comparable properties within 290 metres of 8, Richard Tress Way across the last 2 years.
Most recently, Flat 201, Guardian Apartments 20, Kevtar Garden, London, E3 4US, a leasehold flat, sold at £580,000 on the 12th July 2024.
Read more about house prices in E3.
- Sold Jul 2024£580,000 | 3 Bed FlatGuardian Apartments 20, Kevtar GardenFlat 201, Guardian Apartments 20, Kevtar Garden, London, E3 4US
- Sold Feb 2024£565,000 | 3 Bed FlatFletching Apartments 3, Siyah GardenFlat 104, Fletching Apartments 3, Siyah Garden, London, E3 4TR
- Sold Feb 2021£600,000 | 3 Bed FlatShaft Apartments 12, Richard Tress WayFlat 102, Shaft Apartments 12, Richard Tress Way, London, E3 4SN
•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 8, Richard Tress Way as the 11th largest and the 9th most expensive of the 57 addresses on Richard Tress Way, London, E3.
Against the E3 postcode district average, it is £150k more expensive than the typical property.
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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
Mile End station is the nearest stop to 8, 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.
