Flat 8, Reid Building 12
Flat 8, Reid Building 12
Description & Estimates
Flat 8, Reid Building 12 is recorded publicly as a modern leasehold apartment across 766 ft2 of internal area.
Locally, apartments of this size normally have 2 bedrooms with a balcony.
Our estimate of the sale value of Flat 8, Reid Building 12 is £417,733 and its rental estimate is £2,431 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.
Our Data Sources
Flat 8, Reid Building 12 has 3 entries in the Land Registry , most recently in September 2020 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
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 8, Reid Building 12, we estimate a market value of £438,620 and a rental value of £2,553 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £388,492 and £2,261 per month respectively.
Recent Market Change
Over the last year, Flat 8, Reid Building 12 has seen its estimated sale value fall by £13,477 (3.2%) and its estimated rental value move up by £107 per month (4.4%). This results in an estimated gross rental yield of 7.0%.
Energy Efficiency
Flat 8, 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
The most recent sale of Flat 8, Reid Building 12 completed on 4th September 2020 at £495,000 and was recorded by HM Land Registry as a leasehold flat.
Since 1995 the property has sold 3 times.
Values of comparable properties have dropped by 16.5% over the period since September 2020.
- Sold Sep 2020£495,000
- Sold Oct 2016£495,000
- Sold Feb 2012£270,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to Flat 8, 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 2nd September 2024, was Flat 3, 10, Sarum Terrace, London, E3 4HJ, a leasehold flat which sold for £490,000.
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 Apr 2022£453,890 | 2 Bed FlatReid Building 12, Eric StreetFlat 11, 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.
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Location Comparison
Of the 255 addresses on Eric Street, London, E3, Flat 8, Reid Building 12 comes out as the 131st largest and the 73rd most expensive in our analysis of the public data.
It is also £27k less expensive than the average property across the E3 district.
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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
From Flat 8, Reid Building 12, the nearest station is Mile End, 500 metres away.
- 500mMile End
- 900mBow Road
- 1.0kmStepney Green
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.
