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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 47, Priestman Point 2 is a mid-century apartment with 808 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms.
Based on available information, and assuming reasonable condition, the estimated sale value for Flat 47, Priestman Point 2 is £145,634 and the estimated rental value is £949 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 47, 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 47, Priestman Point 2 is in very good condition we estimate a sale value of £152,916 and a rental value of £997 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £135,440 and a rental value of £883 per month.
Over the past 12 months, the estimated sale value of Flat 47, Priestman Point 2 has fallen by £2,799 (1.9%), while its estimated rental value has moved up by £51 per month (5.4%). Based on current estimates, the property offers a gross rental yield of 7.8%.
Flat 47, 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 has been 1 sale of a property similar to Flat 47, Priestman Point 2 within a radius of 280 metres over the last 2 years.
The most recent example is Flat 8, Priestman Point 2, Rainhill Way, London, E3 3EY, a leasehold flat which sold for £100,000 on the 14th September 2018.
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 47, Priestman Point 2 is the 134th largest and the 576th most expensive property on the street.
When compared to the postcode district it is £300k less expensive than the average property in E3.
The closest station to Flat 47, Priestman Point 2 is Bow Church station, which is 300 metres away.
According to recent data from Ofcom, superfast broadband is available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around Flat 47, 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 47, 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 47, 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 47, 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 47, 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.
