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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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Flat 7, Reid Building 12 is recorded publicly as a modern leasehold apartment across 551 ft2 of internal area.
Locally, apartments of this size normally have 2 bedrooms with a balcony.
Our estimate of the sale value of Flat 7, Reid Building 12 is £336,471 and its rental estimate is £1,975 per month, given the available information and assuming reasonable condition.
Reid Building, Eric Street is a residential building on Eric Street, London, E3 and falls within the E3 postal district and the London Borough of Tower Hamlets.
Flat 7, Reid Building 12 has a single entry in the Land Registry from February 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.
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 7, Reid Building 12, we estimate a market value of £353,295 and a rental value of £2,074 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £312,918 and £1,837 per month respectively.
Over the last year, Flat 7, Reid Building 12 has seen its estimated sale value decline by £10,856 (3.2%) and its estimated rental value climb by £87 per month (4.4%). This results in an estimated gross rental yield of 7.0%.
Flat 7, 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.
The most recent sale of Flat 7, Reid Building 12 completed on 24th February 2012 at £206,000 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 28.2% over the period since February 2012.
Over the past 2 years 3 properties similar to Flat 7, Reid Building 12 have sold within a radius of 330 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 8th October 2025, was Flat 5, 10, Sarum Terrace, London, E3 4HJ, a leasehold flat which sold for £350,000.
Read more about house prices in E3.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Of the 255 addresses on Eric Street, London, E3, Flat 7, Reid Building 12 comes out as the 183rd largest and the 192nd most expensive in our analysis of the public data.
It is also £109k less expensive than the average property across the E3 district.
From Flat 7, Reid Building 12, the nearest station is Mile End, 500 metres away.
Broadband here reaches superfast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Superfast broadband is available in the area.
The flood risk here is rated very low, based on Environment Agency data.
The recent census recorded whether a resident owned or rented their home.
In the area around Flat 7, Reid Building 12, % of property is and % is .
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 7, Reid Building 12, 0.0% of residents are recorded as possessing school level qualifications and 0.0% as possessing degree level qualifications.
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 7, Reid Building 12, 0.0% 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 7, Reid Building 12, there are an average of 0.0 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.
