Flat 57, Priestman Point 2
Flat 57, Priestman Point 2
Description & Estimates
Flat 57, Priestman Point 2 is recorded publicly as a mid-century leasehold apartment across 678 ft2 of internal area.
Locally, apartments of this size normally have 2 bedrooms.
Our estimate of the sale value of Flat 57, Priestman Point 2 is £216,634 and its rental estimate is £1,375 per month, given the available information and assuming reasonable condition.
Priestman Point, Rainhill Way is a residential building on Rainhill Way, London, E3 and falls within the E3 postal district and the London Borough of Tower Hamlets.
Our Data Sources
Flat 57, Priestman Point 2 has a single entry in the Land Registry from December 2011 and a single entry in the EPC database dated November 2020.
We combine this information with that 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
The condition of a property plays an important role in determining its value, with the degree of impact varying by property type, size and location.
For Flat 57, Priestman Point 2, we estimate a market value of £227,466 and a rental value of £1,444 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £201,470 and £1,279 per month respectively.
Recent Market Change
Over the last year, Flat 57, Priestman Point 2 has seen its estimated sale value drop by £5,789 (2.7%) and its estimated rental value rise by £63 per month (4.6%). This results in an estimated gross rental yield of 7.6%.
Energy Efficiency
Flat 57, Priestman Point 2 has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 30 Nov 2020.
The property is connected to mains gas and has fully double glazed windows. It is heated using Community scheme.
Sold Prices
The most recent sale of Flat 57, Priestman Point 2 completed on 22nd December 2011 at £139,000 and was recorded by HM Land Registry as a leasehold flat.
Since 1995 this is the property's only sale.
Values of comparable properties have risen by 79.0% over the period since December 2011.
- Sold Dec 2011£139,000
Similar Properties Sold Nearby
Over the past 2 years 1 property similar to Flat 57, Priestman Point 2 has sold within a radius of 280 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 11th December 2017, was Flat 16, Limscott House, Bruce Road, London, E3 3HR, a leasehold flat which sold for £340,000.
Read more about house prices in E3.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Of the 619 addresses on Rainhill Way, London, E3, Flat 57, Priestman Point 2 comes out as the 304th largest and the 557th most expensive in our analysis of the public data.
It is also £229k less expensive than the average property across the E3 district.
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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
From Flat 57, Priestman Point 2, the nearest station is Bow Church, 300 metres away.
- 300mBow Church
- 300mDevons Road
- 500mBow Road
Available Internet Speeds
Broadband here reaches superfast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Superfast broadband is available in the area.
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
