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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
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According to the public record, Flat 2, Priestman Point 2 is a mid-century apartment with 562 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Based on available information, and assuming reasonable condition, the estimated sale value for Flat 2, Priestman Point 2 is £122,428 and the estimated rental value is £781 per month.
The apartment is within Priestman Point, Rainhill Way, London, E3.
Rainhill Way, London, E3 is located in the borough of Tower Hamlets within the E3 postal district.
Flat 2, Priestman Point 2 has no records in the the Land Registry and a single entry in the EPC database dated April 2010.
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.
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If Flat 2, Priestman Point 2 is in very good condition we estimate a sale value of £128,549 and a rental value of £820 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £113,858 and a rental value of £726 per month.
Over the last 12 months the sale value of Flat 2 Priestman Point 2 has decreased by an estimated £3,272 (2.7%) and its rental value has increased by an estimated £36 per month (4.6%), giving an expected gross yield of 7.7%.
Flat 2, Priestman Point 2 has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 08 Apr 2010.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Community scheme, mains gas.
According to the Land Registry and our network of Estate Agents, there have been 2 sales of properties similar to Flat 2, Priestman Point 2 within a radius of 280 metres over the last 2 years.
The most recent example is Flat 13, Priestman Point 2, Rainhill Way, London, E3 3EY, a leasehold flat which sold for £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.
Rainhill Way, London, E3 has a total of 619 addresses. According to our analysis of all the public data, Flat 2, Priestman Point 2 is the 485th largest and the 619th most expensive property on the street.
When compared to the postcode district it is £323k less expensive than the average property in E3.
The nearest school is St Agnes RC Primary School which is 200 metres away. The nearest train station is Bow Church which is 300 metres away.
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