Flat 42, Iron Works 58
Flat 42, Iron Works 58
Description & Estimates
Flat 42, Iron Works 58 is recorded publicly as a modern leasehold apartment across 961 ft2 of internal area.
Locally, apartments of this size normally have 3 bedrooms with a balcony.
Our estimate of the sale value of Flat 42, Iron Works 58 is £496,441 and its rental estimate is £3,017 per month, given the available information and assuming reasonable condition.
Iron Works, Dace Road is a residential building on Dace Road, London, E3 and falls within the E3 postal district and the London Borough of Tower Hamlets.
Our Data Sources
Flat 42, Iron Works 58 has 21 entries in the Land Registry , most recently in September 2015 and a single entry in the EPC database dated April 2010.
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 42, Iron Works 58, we estimate a market value of £521,263 and a rental value of £3,168 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £461,690 and £2,806 per month respectively.
Recent Market Change
Over the last year, Flat 42, Iron Works 58 has seen its estimated sale value move down by £10,135 (2.0%) and its estimated rental value increase by £153 per month (5.1%). This results in an estimated gross rental yield of 7.3%.
Energy Efficiency
Flat 42, Iron Works 58 has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 12 Apr 2010.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Electric underfloor heating.
Sold Prices
The most recent sale of Flat 42, Iron Works 58 completed on 4th September 2015 at £510,000 and was recorded by HM Land Registry as a leasehold flat.
Since 1995 the property has sold twice.
Values of comparable properties have dropped by 10.7% over the period since September 2015.
- Sold Sep 2015£510,000
- Sold Sep 2005£270,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to Flat 42, Iron Works 58 have sold within a radius of 390 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 1st July 2025, was Flat 8, Iron Works 58, Dace Road, London, E3 2NX, a leasehold flat which sold for £555,000.
Read more about house prices in E3.
- Sold Jul 2025£555,000 | 3 Bed FlatIron Works 58, Dace RoadFlat 8, Iron Works 58, Dace Road, London, E3 2NX
- Sold Mar 2025£510,000 | 3 Bed FlatIron Works 58, Dace RoadFlat 16, Iron Works 58, Dace Road, London, E3 2NX
- Sold Oct 2024£250,000 | 3 Bed FlatIron Works 58, Dace RoadFlat 71, Iron Works 58, Dace Road, London, E3 2NX
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Of the 197 addresses on Dace Road, London, E3, Flat 42, Iron Works 58 comes out as the 42nd largest and the 40th most expensive in our analysis of the public data.
It is also £51k more expensive than the average property across the E3 district.
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Schools Nearby
- 800mOld Ford Primary - A Paradigm Academy
- 900mMossbourne Riverside Academy
- 1.0kmGainsborough Primary School
- 500mMulberry UTC
- 1.2kmCentral Foundation Girls' School
- 1.4kmMossbourne Victoria Park Academy
More reading links
Public Transport Nearby
From Flat 42, Iron Works 58, the nearest station is Pudding Mill Lane, 700 metres away.
- 700mPudding Mill Lane
- 700mHackney Wick
- 1.0kmBow Church
Available Internet Speeds
Internet coverage here is poor, based on recent Ofcom data, and connectivity may be weak or unavailable.
According to recent data from Ofcom, Slow/none broadband is available in the area.
Risk of Flooding
The flood risk here is rated medium, based on Environment Agency data.
