Flat 50, Priestman Point 2
Flat 50, Priestman Point 2
Description & Estimates
According to the public record, Flat 50, Priestman Point 2 is a mid-century apartment with 688 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Based on available information, and assuming reasonable condition, the estimated sale value for Flat 50, Priestman Point 2 is £218,389 and the estimated rental value is £1,385 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.
Our Data Sources
Flat 50, Priestman Point 2 has no records in the the Land Registry and a single entry in the EPC database dated August 2024.
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.
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 50, Priestman Point 2 is in very good condition we estimate a sale value of £229,308 and a rental value of £1,455 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £203,102 and a rental value of £1,289 per month.
Recent Market Change
Over the past 12 months, the estimated sale value of Flat 50, Priestman Point 2 has moved down by £5,836 (2.7%), while its estimated rental value has increased by £64 per month (4.6%). Based on current estimates, the property offers a gross rental yield of 7.6%.
Energy Efficiency
Flat 50, Priestman Point 2 has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 22 Aug 2024.
The property is connected to mains gas and has fully double glazed windows. It is heated using Community scheme.
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 50, Priestman Point 2 within a radius of 280 metres over the last 2 years.
The most recent example is Flat 16, Limscott House, Bruce Road, London, E3 3HR, a leasehold flat which sold for £340,000 on the 11th December 2017.
Read more about house prices in E3.
- Sold Dec 2017£340,000 | 2 Bed FlatLimscott House, Bruce RoadFlat 16, Limscott House, Bruce Road, London, E3 3HR
- Sold Dec 2011£139,000 | 2 Bed FlatPriestman Point 2, Rainhill WayFlat 57, Priestman Point 2, Rainhill Way, London, E3 3EZ
- Sold Oct 2010£146,750 | 2 Bed FlatPriestman Point 2, Rainhill WayFlat 92, Priestman Point 2, Rainhill Way, London, E3 3EZ
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
More reading links
Location Comparison
Rainhill Way, London, E3 has a total of 619 addresses. According to our analysis of all the public data, Flat 50, Priestman Point 2 is the 285th largest and the 556th most expensive property on the street.
When compared to the postcode district it is £227k less expensive than the average property in E3.
More reading links
Schools Nearby
- 200mSt Agnes RC Primary School
- 400mWellington Primary School
- 400mOld Palace Primary School
- 700mBow School
- 700mCentral Foundation Girls' School
- 800mHarris Science Academy East London
More reading links
Public Transport Nearby
The closest station to Flat 50, Priestman Point 2 is Bow Church station, which is 300 metres away.
- 300mBow Church
- 300mDevons Road
- 500mBow Road
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.
