Flat 5, Arrowsmith Court 2
Flat 5, Arrowsmith Court 2
Description & Estimates
Public records show Flat 5, Arrowsmith Court 2, Rainham to be a modern leasehold apartment with 645 ft2 of internal area.
In this area, apartments of this size normally have 2 bedrooms.
Flat 5, Arrowsmith Court 2, Rainham has an estimated sale value of £299,434 and an estimated rental value of £1,412 per month, assuming reasonable condition and based on the information available.
The apartment sits within Arrowsmith Court, Lance Street, Rainham, RM13.
Lance Street, Rainham, RM13 lies in the borough of Havering, within the RM13 postal district.
Our Data Sources
Flat 5, Arrowsmith Court 2, Rainham has a single entry in the Land Registry from January 2023 and a single entry in the EPC database dated December 2022.
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
In very good condition, we estimate Flat 5, Arrowsmith Court 2, Rainham would be worth £314,406, with a potential rental value of £1,482 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £278,474, with a rental value of £1,313 per month.
The extent to which decoration affects a property's value depends on its type, size and location.
Recent Market Change
The estimated sale value of Flat 5, Arrowsmith Court 2, Rainham has risen by £2,366 (0.8%) over the last year. During the same period, its estimated monthly rental value has moved up by £41 (2.9%). The property's estimated gross yield is currently 5.7%.
Energy Efficiency
Flat 5, Arrowsmith Court 2, Rainham has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 21 Dec 2022.
The property is not connected to mains gas and has high performance glazing. It is heated using Boiler and radiators, mains gas.
Sold Prices
Flat 5, Arrowsmith Court 2, Rainham last changed hands on 18th January 2023, selling for £320,000. The transaction was logged as a leasehold flat by HM Land Registry.
That is its only recorded sale since 1995.
The market for similar properties has dropped by 18.8% since January 2023.
- Sold Jan 2023£320,000
Similar Properties Sold Nearby
Land Registry records and our Estate Agent network show 3 sales of comparable properties within 650 metres of Flat 5, Arrowsmith Court 2, Rainham across the last 2 years.
Most recently, Flat 16, Arrowsmith Court 2, Lance Street, Rainham, RM13 8LN, a leasehold flat, sold at £299,995 on the 1st June 2023.
Read more about house prices in RM13.
- Sold Jun 2023£299,995 | 2 Bed FlatFlat 16, Arrowsmith Court 2, Lance Street, Rainham, RM13 8LNFlat 16, Arrowsmith Court 2, Lance Street, Rainham, RM13 8LN
- Sold Mar 2023£322,500 | 2 Bed FlatFlat 11, Arrowsmith Court 2, Lance Street, Rainham, RM13 8LNFlat 11, Arrowsmith Court 2, Lance Street, Rainham, RM13 8LN
- Sold Dec 2022£318,000 | 2 Bed FlatFlat 2, Arrowsmith Court 2, Lance Street, Rainham, RM13 8LNFlat 2, Arrowsmith Court 2, Lance Street, Rainham, RM13 8LN
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
More reading links
Location Comparison
Our analysis of the public data ranks Flat 5, Arrowsmith Court 2, Rainham as the 104th largest and the 104th most expensive of the 109 addresses on Lance Street, Rainham, RM13.
Against the RM13 postcode district average, it is £108k less expensive than the typical property.
More reading links
Schools Nearby
- 300mLa Salette Catholic Primary School
- 600mRainham Village Primary School
- 1.3kmWhybridge Junior School
- 1.4kmHarris Academy Rainham
- 1.7kmThe Brittons Academy
- 2.6kmDagenham Park CofE School
More reading links
Public Transport Nearby
Rainham (Essex) station is the nearest stop to Flat 5, Arrowsmith Court 2, Rainham at 500 metres away.
- 500mRainham (Essex)
- 2.9kmDagenham East
- 3.0kmDagenham Dock
Risk of Flooding
Environment Agency data suggests this area has a very low risk of flooding.
