Flat 2, Arrowsmith Court 2
Flat 2, Arrowsmith Court 2
Description & Estimates
Flat 2, Arrowsmith Court 2, Rainham is recorded publicly as a modern leasehold apartment across 645 ft2 of internal area.
Locally, apartments of this size normally have 2 bedrooms.
Our estimate of the sale value of Flat 2, Arrowsmith Court 2, Rainham is £299,434 and its rental estimate is £1,412 per month, given the available information and assuming reasonable condition.
Arrowsmith Court, Lance Street is a residential building on Lance Street, Rainham, RM13 and falls within the RM13 postal district and the borough of Havering.
Our Data Sources
Flat 2, Arrowsmith Court 2, Rainham has a single entry in the Land Registry from December 2022 and a single entry in the EPC database dated December 2022.
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 Flat 2, Arrowsmith Court 2, Rainham, we estimate a market value of £314,406 and a rental value of £1,482 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £278,474 and £1,313 per month respectively.
Recent Market Change
Over the last year, Flat 2, Arrowsmith Court 2, Rainham has seen its estimated sale value increase by £2,366 (0.8%) and its estimated rental value grow by £41 per month (2.9%). This results in an estimated gross rental yield of 5.7%.
Energy Efficiency
Flat 2, Arrowsmith Court 2, Rainham has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 21 Dec 2022.
The property is not connected to mains gas and has high performance glazing. It is heated using Boiler and radiators, mains gas.
Sold Prices
The most recent sale of Flat 2, Arrowsmith Court 2, Rainham completed on 23rd December 2022 at £318,000 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 dropped by 19.1% over the period since December 2022.
- Sold Dec 2022£318,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to Flat 2, Arrowsmith Court 2, Rainham have sold within a radius of 650 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 1st June 2023, was Flat 16, Arrowsmith Court 2, Lance Street, Rainham, RM13 8LN, a leasehold flat which sold for £299,995.
Read more about house prices in RM13.
- Sold Jun 2023£299,995 | 2 Bed FlatArrowsmith Court 2, Lance StreetFlat 16, Arrowsmith Court 2, Lance Street, Rainham, RM13 8LN
- Sold Mar 2023£322,500 | 2 Bed FlatArrowsmith Court 2, Lance StreetFlat 11, Arrowsmith Court 2, Lance Street, Rainham, RM13 8LN
- Sold Jan 2023£320,000 | 2 Bed FlatArrowsmith Court 2, Lance StreetFlat 5, Arrowsmith Court 2, Lance Street, Rainham, RM13 8LN
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
More reading links
Location Comparison
Of the 109 addresses on Lance Street, Rainham, RM13, Flat 2, Arrowsmith Court 2, Rainham comes out as the 105th largest and the 105th most expensive in our analysis of the public data.
It is also £108k less expensive than the average property across the RM13 district.
More reading links
Schools Nearby
- 300mLa Salette Catholic Primary School
- 600mRainham Village Primary School
- 1.3kmWhybridge Junior School
- 1.4kmHarris Academy Rainham
- 1.7kmThe Brittons Academy
- 2.6kmDagenham Park CofE School
More reading links
Public Transport Nearby
From Flat 2, Arrowsmith Court 2, Rainham, the nearest station is Rainham (Essex), 500 metres away.
- 500mRainham (Essex)
- 2.9kmDagenham East
- 3.0kmDagenham Dock
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
