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Bricks&Logic is a trading name of Urban Markets Ltd
Company No. 11113204
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VAT No. GB 287 0845 68
Registered Address: 2 Leman St, London E1 8FA
The public record describes Flat 1, Priestman Point 2 as a mid-century apartment with 688 ft2 of internal area.
In this area, apartments of this size normally have 2 bedrooms.
Flat 1, Priestman Point 2 has an estimated sale value of £133,666 and an estimated rental value of £848 per month, assuming reasonable condition and based on the information available.
The apartment sits within Priestman Point, Rainhill Way, London, E3.
Rainhill Way, London, E3 lies in the borough of Tower Hamlets, within the E3 postal district.
Flat 1, Priestman Point 2 has no records in the the Land Registry and a single entry in the EPC database dated November 2022.
We combine this information with public data of neighbouring properties to estimate the property attributes and values.
The local information is scored as 1 out of 5 and is considered of low accuracy.
In very good condition, we estimate Flat 1, Priestman Point 2 would be worth £140,349, with a potential rental value of £890 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £124,309, with a rental value of £789 per month.
The extent to which decoration affects a property's value depends on its type, size and location.
The estimated sale value of Flat 1, Priestman Point 2 has decreased by £3,572 (2.7%) over the last year. During the same period, its estimated monthly rental value has grown by £39 (4.6%). The property's estimated gross yield is currently 7.6%.
Flat 1, Priestman Point 2 has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 16 Nov 2022.
The property is connected to mains gas and has fully double glazed windows. It is heated using Community scheme.
Land Registry records and our Estate Agent network show 2 sales of comparable properties within 280 metres of Flat 1, Priestman Point 2 across the last 2 years.
Most recently, Flat 13, Priestman Point 2, Rainhill Way, London, E3 3EY, a leasehold flat, sold at £125,000 on the 18th May 2021.
Read more about house prices in E3.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Our analysis of the public data ranks Flat 1, Priestman Point 2 as the 287th largest and the 606th most expensive of the 619 addresses on Rainhill Way, London, E3.
Against the E3 postcode district average, it is £311k less expensive than the typical property.
Bow Church station is the nearest stop to Flat 1, Priestman Point 2 at 300 metres away.
Ofcom's latest figures show superfast broadband available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
Environment Agency data suggests this area has a very low risk of flooding.
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The recent census recorded whether a resident owned or rented their home.
In the area around Flat 1, Priestman Point 2, 88.7% of property is socially rented and 5.4% is privately rented.
The graph below shows how this compares to Greater London and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around Flat 1, Priestman Point 2, 32.2% of residents are recorded as possessing school level qualifications and 29.5% as possessing degree level qualifications.
The graph below shows how this compares to Greater London and the rest of England & Wales.
The most recent census in 2021 recorded the age of all UK residents.
In the area around Flat 1, Priestman Point 2, the average age was 31.1 and the most common age was 32.
The graph below shows how this compares to Greater London and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around Flat 1, Priestman Point 2, 0.2% of property was a second home.
Comparison figures for Greater London and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around Flat 1, Priestman Point 2, there are an average of 0.4 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.
