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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 308, Omega Works 4 is £486,339 and the estimated rental value is £2,755 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 308, Omega Works 4 has 2 entries in the Land Registry , most recently in March 2013 and a single entry in the EPC database dated August 2012.
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 308, Omega Works 4 is in very good condition we estimate a sale value of £510,656 and a rental value of £2,893 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £452,295 and a rental value of £2,562 per month.
Over the last 12 months the sale value of Unit 308 Omega Works 4 has decreased by an estimated £9,929 (2.0%) and its rental value has increased by an estimated £140 per month (5.1%), giving an expected gross yield of 6.8%.
Unit 308, Omega Works 4 has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 13 Aug 2012.
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 308, Omega Works 4 was last sold on 19th March 2013 for £310,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since March 2013, the market for similar properties has risen 23.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Unit 308, Omega Works 4 within a radius of 360 metres over the last 2 years.
The most recent example is Unit 82, Omega Works 4, Roach Road, London, E3 2PF, a leasehold flat which sold for £567,500 on the 28th October 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 308, Omega Works 4 is the 202nd largest and the 209th most expensive property on the street.
When compared to the postcode district it is £41k more expensive than the average property in E3.
The nearest school is Mossbourne Riverside Academy which is 500 metres away. The nearest train station is Hackney Wick which is 400 metres away.
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