Flat 13, Priestman Point 2
Flat 13, Priestman Point 2
Description & Estimates
Flat 13, Priestman Point 2 is recorded publicly as a mid-century leasehold apartment across 624 ft2 of internal area.
Locally, apartments of this size normally have 2 bedrooms.
Our estimate of the sale value of Flat 13, Priestman Point 2 is £127,863 and its rental estimate is £813 per month, given the available information and assuming reasonable condition.
Priestman Point, Rainhill Way is a residential building on Rainhill Way, London, E3 and falls within the E3 postal district and the London Borough of Tower Hamlets.
Our Data Sources
Flat 13, Priestman Point 2 has a single entry in the Land Registry from May 2021 and a single entry in the EPC database dated June 2022.
We combine this information with that 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.
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 Flat 13, Priestman Point 2, we estimate a market value of £134,257 and a rental value of £854 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £118,913 and £756 per month respectively.
Recent Market Change
Over the last year, Flat 13, Priestman Point 2 has seen its estimated sale value decline by £3,417 (2.7%) and its estimated rental value climb by £37 per month (4.6%). This results in an estimated gross rental yield of 7.6%.
Energy Efficiency
Flat 13, Priestman Point 2 has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 29 Jun 2022.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Community scheme.
Sold Prices
The most recent sale of Flat 13, Priestman Point 2 completed on 18th May 2021 at £125,000 and was recorded by HM Land Registry as a leasehold flat.
Since 1995 this is the property's only sale.
Values of comparable properties have risen by 18.1% over the period since May 2021.
- Sold May 2021£125,000
Similar Properties Sold Nearby
Over the past 2 years 1 property similar to Flat 13, Priestman Point 2 has sold within a radius of 280 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 19th April 2007, was Flat 6, Priestman Point 2, Rainhill Way, London, E3 3EY, a leasehold flat which sold for £112,750.
Read more about house prices in E3.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Of the 619 addresses on Rainhill Way, London, E3, Flat 13, Priestman Point 2 comes out as the 444th largest and the 607th most expensive in our analysis of the public data.
It is also £317k less expensive than the average property across the E3 district.
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Schools Nearby
- 200mSt Agnes RC Primary School
- 400mWellington Primary School
- 400mOld Palace Primary School
- 700mBow School
- 700mCentral Foundation Girls' School
- 800mHarris Science Academy East London
More reading links
Public Transport Nearby
From Flat 13, Priestman Point 2, the nearest station is Bow Church, 300 metres away.
- 300mBow Church
- 300mDevons Road
- 500mBow Road
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.
