Flat 11, Reid Building 12
Flat 11, Reid Building 12
Description & Estimates
Public records show Flat 11, Reid Building 12 to be a modern leasehold apartment with 721 ft2 of internal area.
In this area, apartments of this size normally have 2 bedrooms with a balcony.
Flat 11, Reid Building 12 has an estimated sale value of £400,969 and an estimated rental value of £2,338 per month, assuming reasonable condition and based on the information available.
The apartment sits within Reid Building, Eric Street, London, E3.
Eric Street, London, E3 lies in the borough of Tower Hamlets, within the E3 postal district.
Our Data Sources
Flat 11, Reid Building 12 has 2 entries in the Land Registry , most recently in April 2022 and a single entry in the EPC database dated March 2021.
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 Flat 11, Reid Building 12 would be worth £421,017, with a potential rental value of £2,455 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £372,901, with a rental value of £2,174 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 Flat 11, Reid Building 12 has fallen by £12,937 (3.2%) over the last year. During the same period, its estimated monthly rental value has moved up by £103 (4.4%). The property's estimated gross yield is currently 7.0%.
Energy Efficiency
Flat 11, Reid Building 12 has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 19 Mar 2021.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
Sold Prices
Flat 11, Reid Building 12 last changed hands on 29th April 2022, selling for £453,890. 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 dropped by 16.6% since April 2022.
- Sold Apr 2022£453,890
- Sold Feb 2012£275,000
Similar Properties Sold Nearby
Land Registry records and our Estate Agent network show 3 sales of comparable properties within 330 metres of Flat 11, Reid Building 12 across the last 2 years.
Most recently, Flat 3, 10, Sarum Terrace, London, E3 4HJ, a leasehold flat, sold at £490,000 on the 2nd September 2024.
Read more about house prices in E3.
- Sold Sep 2024£490,000 | 2 Bed Flat10, Sarum TerraceFlat 3, 10, Sarum Terrace, London, E3 4HJ
- Sold Dec 2022£450,000 | 2 Bed FlatRockland Apartments 5, Lakenham PlaceFlat 4, Rockland Apartments 5, Lakenham Place, London, E3 4HQ
- Sold Dec 2022£425,000 | 2 Bed FlatRockland Apartments 5, Lakenham PlaceFlat 1, Rockland Apartments 5, Lakenham Place, London, E3 4HQ
•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 Flat 11, Reid Building 12 as the 156th largest and the 93rd most expensive of the 255 addresses on Eric Street, London, E3.
Against the E3 postcode district average, it is £44k less expensive than the typical property.
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Schools Nearby
- 400mSt Paul With St Luke CofE Primary Federation
- 400mBen Jonson Primary School
- 400mSolebay Primary - A Paradigm Academy
- 800mCentral Foundation Girls' School
- 800mMulberry Stepney Green Mathematics and Computing College
- 900mStepney All Saints Church of England Secondary School
More reading links
Public Transport Nearby
Mile End station is the nearest stop to Flat 11, Reid Building 12 at 500 metres away.
- 500mMile End
- 900mBow Road
- 1.0kmStepney Green
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.
