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According to the public record, Unit 118, Omega Works 4 is a modern leasehold apartment with 1,410 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms with a balcony.
Based on available information, and assuming reasonable condition, the estimated sale value for Unit 118, Omega Works 4 is £681,754 and the estimated rental value is £3,730 per month.
The apartment is within Omega Works, Roach Road, London, E3.
Roach Road, London, E3 is located in the borough of Tower Hamlets within the E3 postal district.
Unit 118, Omega Works 4 has 21 entries in the Land Registry , most recently in February 2008 and a single entry in the EPC database dated May 2020.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 5 out of 5 and is considered of high accuracy.
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 Unit 118, Omega Works 4 is in very good condition we estimate a sale value of £715,842 and a rental value of £3,916 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £634,032 and a rental value of £3,469 per month.
Over the last 12 months the sale value of Unit 118 Omega Works 4 has decreased by an estimated £16,422 (2.4%) and its rental value has increased by an estimated £183 per month (4.9%), giving an expected gross yield of 6.6%.
Unit 118, Omega Works 4 has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 07 May 2020.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Electric underfloor heating.
According to HM Land Registry, Unit 118, Omega Works 4 was last sold on 8th February 2008 for £400,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since February 2008, the market for similar properties has risen 26.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Unit 118, Omega Works 4 within a radius of 360 metres over the last 2 years.
The most recent example is Flat 605, Ardens Building 7, Wyke Road, London, E3 2ZQ, a leasehold flat which sold for £850,000 on the 1st August 2024.
Read more about house prices in E3.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Roach Road, London, E3 has a total of 300 addresses. According to our analysis of all the public data, Unit 118, Omega Works 4 is the 9th largest and the 10th most expensive property on the street.
When compared to the postcode district it is £235k more expensive than the average property in E3.
The nearest school is Mossbourne Riverside Academy which is 447 metres away. The nearest train station is Hackney Wick which is 300 metres away.
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