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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, Reid Building 12 is a modern leasehold apartment with 766 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a balcony.
Based on available information, and assuming reasonable condition, the estimated sale value for Flat 2, Reid Building 12 is £417,733 and the estimated rental value is £2,431 per month.
The apartment is within Reid Building, Eric Street, London, E3.
Eric Street, London, E3 is located in the borough of Tower Hamlets within the E3 postal district.
Flat 2, Reid Building 12 has 2 entries in the Land Registry , most recently in June 2020 and a single entry in the EPC database dated December 2011.
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.
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, Reid Building 12 is in very good condition we estimate a sale value of £438,620 and a rental value of £2,553 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £388,492 and a rental value of £2,261 per month.
Over the last 12 months the sale value of Flat 2 Reid Building 12 has decreased by an estimated £13,477 (3.2%) and its rental value has increased by an estimated £107 per month (4.4%), giving an expected gross yield of 7%.
Flat 2, Reid Building 12 has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 12 Dec 2011.
The property is not connected to mains gas and has high performance glazing. It is heated using Boiler and radiators, mains gas.
According to HM Land Registry, Flat 2, Reid Building 12 was last sold on 5th June 2020 for £485,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since June 2020, the market for similar properties has dropped 16.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 2, Reid Building 12 within a radius of 330 metres over the last 2 years.
The most recent example is Flat 3, 10, Sarum Terrace, London, E3 4HJ, a leasehold flat which sold for £490,000 on the 2nd September 2024.
Read more about house prices in E3.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Eric Street, London, E3 has a total of 255 addresses. According to our analysis of all the public data, Flat 2, Reid Building 12 is the 133rd largest and the 75th most expensive property on the street.
When compared to the postcode district it is £27k less expensive than the average property in E3.
The nearest school is St Paul With St Luke CofE Primary Federation which is 400 metres away. The nearest train station is Mile End which is 500 metres away.
Please login for all schools and rail links, broadband speeds, floodrisk and area demographics information including levels of education, home ownership and more.
