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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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The public record describes Flat 48, Priestman Point 2 as a mid-century apartment with 790 ft2 of internal area.
In this area, apartments of this size normally have 2 bedrooms.
Flat 48, Priestman Point 2 has an estimated sale value of £142,618 and an estimated rental value of £901 per month, assuming reasonable condition and based on the information available.
The apartment sits within Priestman Point, Rainhill Way, London, E3.
Rainhill Way, London, E3 lies in the borough of Tower Hamlets, within the E3 postal district.
Flat 48, 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.
In very good condition, we estimate Flat 48, Priestman Point 2 would be worth £149,748, with a potential rental value of £946 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £132,634, with a rental value of £838 per month.
The extent to which decoration affects a property's value depends on its type, size and location.
The estimated sale value of Flat 48, Priestman Point 2 has fallen by £3,811 (2.7%) over the last year. During the same period, its estimated monthly rental value has moved up by £41 (4.6%). The property's estimated gross yield is currently 7.6%.
Flat 48, 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.
Land Registry records and our Estate Agent network show 1 sale of a comparable property within 280 metres of Flat 48, Priestman Point 2 across the last 2 years.
Most recently, Flat 8, Priestman Point 2, Rainhill Way, London, E3 3EY, a leasehold flat, sold at £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.
Our analysis of the public data ranks Flat 48, Priestman Point 2 as the 163rd largest and the 585th most expensive of the 619 addresses on Rainhill Way, London, E3.
Against the E3 postcode district average, it is £303k less expensive than the typical property.
Bow Church station is the nearest stop to Flat 48, Priestman Point 2 at 300 metres away.
Ofcom's latest figures show superfast broadband available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
Environment Agency data suggests this area has a very low risk of flooding.
The recent census recorded whether a resident owned or rented their home.
In the area around Flat 48, 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 48, 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 48, 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 48, 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 48, 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.
