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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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Flat 46, Priestman Point 2 is described in the public record as a mid-century apartment with 617 ft2 of internal area.
Locally, apartments of this size normally have 2 bedrooms.
Our estimate of the sale value of Flat 46, Priestman Point 2 is £127,756 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.
Flat 46, 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.
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 46, Priestman Point 2, we estimate a market value of £134,143 and a rental value of £853 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £118,813 and £756 per month respectively.
Over the last year, Flat 46, Priestman Point 2 has seen its estimated sale value fall by £3,414 (2.7%) and its estimated rental value move up by £37 per month (4.6%). This results in an estimated gross rental yield of 7.6%.
Flat 46, 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.
Over the past 2 years 2 properties similar to Flat 46, Priestman Point 2 have sold within a radius of 280 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 18th May 2021, was Flat 13, Priestman Point 2, Rainhill Way, London, E3 3EY, a leasehold flat which sold for £125,000.
Read more about house prices in E3.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Of the 619 addresses on Rainhill Way, London, E3, Flat 46, Priestman Point 2 comes out as the 457th largest and the 608th most expensive in our analysis of the public data.
It is also £317k less expensive than the average property across the E3 district.
From Flat 46, Priestman Point 2, the nearest station is Bow Church, 300 metres away.
Broadband here reaches superfast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Superfast broadband is available in the area.
The flood risk here is rated very low, based on Environment Agency data.
The recent census recorded whether a resident owned or rented their home.
In the area around Flat 46, Priestman Point 2, 88.7% of property is socially rented and 5.4% is privately rented.
The graph below shows how this compares to Greater London and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around Flat 46, Priestman Point 2, 32.2% of residents are recorded as possessing school level qualifications and 29.5% as possessing degree level qualifications.
The graph below shows how this compares to Greater London and the rest of England & Wales.
The most recent census in 2021 recorded the age of all UK residents.
In the area around Flat 46, Priestman Point 2, the average age was 31.1 and the most common age was 32.
The graph below shows how this compares to Greater London and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around Flat 46, Priestman Point 2, 0.2% of property was a second home.
Comparison figures for Greater London and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around Flat 46, Priestman Point 2, there are an average of 0.4 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.
