Flat 5, Reid Building 12
Flat 5, Reid Building 12
Description & Estimates
According to the public record, Flat 5, Reid Building 12 is a modern leasehold apartment with 766 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a balcony.
Based on available information, and assuming reasonable condition, the estimated sale value for Flat 5, Reid Building 12 is £417,733 and the estimated rental value is £2,431 per month.
The apartment is within Reid Building, Eric Street, London, E3.
Eric Street, London, E3 is located in the borough of Tower Hamlets within the E3 postal district.
Our Data Sources
Flat 5, Reid Building 12 has a single entry in the Land Registry from March 2012 and a single entry in the EPC database dated December 2011.
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
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 5, Reid Building 12 is in very good condition we estimate a sale value of £438,620 and a rental value of £2,553 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £388,492 and a rental value of £2,261 per month.
Recent Market Change
Over the past 12 months, the estimated sale value of Flat 5, Reid Building 12 has dropped by £13,477 (3.2%), while its estimated rental value has risen by £107 per month (4.4%). Based on current estimates, the property offers a gross rental yield of 7.0%.
Energy Efficiency
Flat 5, Reid Building 12 has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 12 Dec 2011.
The property is not connected to mains gas and has high performance glazing. It is heated using Boiler and radiators, mains gas.
Sold Prices
According to HM Land Registry, Flat 5, Reid Building 12 was last sold on 1st March 2012 for £270,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since March 2012, the market for similar properties has risen by 27.2%.
- Sold Mar 2012£270,000
Similar Properties Sold Nearby
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 5, Reid Building 12 within a radius of 330 metres over the last 2 years.
The most recent example is Flat 3, 10, Sarum Terrace, London, E3 4HJ, a leasehold flat which sold for £490,000 on the 2nd September 2024.
Read more about house prices in E3.
- Sold Sep 2024£490,000 | 2 Bed Flat10, Sarum TerraceFlat 3, 10, Sarum Terrace, London, E3 4HJ
- Sold Sep 2020£495,000 | 2 Bed FlatReid Building 12, Eric StreetFlat 8, Reid Building 12, Eric Street, London, E3 4HG
- Sold Jun 2020£485,000 | 2 Bed FlatReid Building 12, Eric StreetFlat 2, Reid Building 12, Eric Street, London, E3 4HG
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
More reading links
Location Comparison
Eric Street, London, E3 has a total of 255 addresses. According to our analysis of all the public data, Flat 5, Reid Building 12 is the 132nd largest and the 74th most expensive property on the street.
When compared to the postcode district it is £27k less expensive than the average property in E3.
More reading links
Schools Nearby
- 400mSt Paul With St Luke CofE Primary Federation
- 400mBen Jonson Primary School
- 400mSolebay Primary - A Paradigm Academy
- 800mCentral Foundation Girls' School
- 800mMulberry Stepney Green Mathematics and Computing College
- 900mStepney All Saints Church of England Secondary School
More reading links
Public Transport Nearby
The closest station to Flat 5, Reid Building 12 is Mile End station, which is 500 metres away.
- 500mMile End
- 900mBow Road
- 1.0kmStepney Green
Available Internet Speeds
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.
Risk of Flooding
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
