2 Bed Flat, Single Let, London, E16 1GX, £425,000

119 Tarling Road, London, E16, E16 1GX - a year ago

Leasehold
BTL
ROI: 1%
~79 m²
+10 photos

ValuationFair Value

Sold Prices£160K - £1.1M
Sold Prices/m²£3.8K/m² - £7.5K/m²

 

 

Square Metres

~79.30 m²
Price/m²£5.4K/m²

Value Estimate

£423,563

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£106,250

Stamp Duty & Legal Fees

£22,700

Total Cash In

£128,950

 

 

Cash Out

 

Rent Range

£1,842 - £6,900

Rent Estimate

£1,884

Running Costs/mo

£1,725

Cashflow/mo

£159

Cashflow/yr

£1,909

ROI

1%

Gross Yield

5%

Local Sold Prices

50 sold prices from £160K to £1.1M, average is £325.9K. £3.8K/m² to £7.5K/m², average is £5.4K/m².

PriceDateDistanceAddressBeds 
£300K01/210.16 mi51, Thorne Close, London, Greater London E16 1LP2
£300K01/210.16 mi51, Thorne Close, London, Greater London E16 1LP2
£366.5K04/210.19 mi22, Bray Drive, London, Greater London E16 1LD2
£287K06/210.59 mi111, Cambus Road, London, Greater London E16 4AX2
£300K03/230.62 mi42, Luton Road, London, Greater London E13 8HD2
£336.7K03/210.62 mi32, Luton Road, London, Greater London E13 8HD2
£297.5K10/220.62 mi22, Luton Road, London, Greater London E13 8HD2
£332K09/210.63 miFlat 7, Manchester Court, Garvary Road, London, Greater London E16 3GZ2
£260K07/220.65 mi3, King Street, London, Greater London E13 8DB2
£400K08/220.7 mi65a, New Barn Street, London, Greater London E13 8JY2
£275K10/200.76 mi55, Holborn Road, London, Greater London E13 8PB2
£313K07/230.87 mi29, Gentry Gardens, London, Greater London E13 8BS2
£292K01/210.91 mi1, Meredith Street, London, Greater London E13 0EG2
£290K07/210.94 mi5, Grange Road, London, Greater London E13 0EE2
£330K02/210.95 mi474b, Barking Road, Plaistow, London, Greater London E13 8QB2
£336.5K12/221.01 mi49, Tollgate Road, London, Greater London E16 3LB2
£300K06/211.04 mi11, Lacewing Close, London, Greater London E13 8AD2
£320K03/231.04 mi30, Lacewing Close, London, Greater London E13 8AD2
£1.1M03/211.07 mi47, Starboard Way, London, Greater London E16 2NZ2
£564K02/211.1 mi110, Barrier Point Road, London, Greater London E16 2SD2
£290K02/211.12 miFlat 3, Darwin Court, Balaam Street, London, Greater London E13 8RB2
£320K10/201.13 mi28, Memorial Avenue, London, Greater London E15 3BT2
£540K04/211.13 mi182, Barrier Point Road, London, Greater London E16 2SE2
£540K06/211.14 mi143, Barrier Point Road, Silvertown, London, Greater London E16 2SE2
£425.1K06/211.14 mi171, Barrier Point Road, London, Greater London E16 2SE2
£302.5K11/201.15 mi21, Holland Road, West Ham, London, Greater London E15 3BP2
£310K11/201.15 mi47, Durban Road, London, Greater London E15 3BW2
£437.5K01/241.16 miFlat 220, Maurer Court, John Harrison Way, London, Greater London SE10 0SW2
£492.5K01/211.18 mi197, Barrier Point Road, London, Greater London E16 2SF2
£340K04/211.19 mi76, Salmen Road, London, Greater London E13 0DT2
£514K09/231.2 miFlat 103, Alamaro Lodge, Renaissance Walk, London, Greater London SE10 0QU2
£365K11/211.24 mi1, Landon Walk, London, Greater London E14 0BH2
£325K12/201.25 miFlat 34, Storey House, Cottage Street, London, Greater London E14 0HE2
£295K06/231.27 mi80, Kerbey Street, London, Greater London E14 6AW2
£290K06/211.28 mi6, Perth Road, Plaistow, London, Greater London E13 9DS2
£315K01/231.28 mi7, Agate Close, London, Greater London E16 3TU2
£375K06/211.29 mi32, Wards Wharf Approach, London, Greater London E16 2EY2
£570K08/231.31 miFlat 28, Farnsworth Court, West Parkside, London, Greater London SE10 0QF2
£292K05/211.34 mi10, Greencroft Close, London, Greater London E6 5SY2
£280K01/231.34 mi9, Greencroft Close, London, Greater London E6 5SY2
£436K06/231.35 miFlat 73, Farnsworth Court, West Parkside, London, Greater London SE10 0RU2
£326.8K10/221.37 mi6, Robin Crescent, London, Greater London E6 5XA2
£160K12/201.38 miFlat 66, Kilby Court, Southern Way, London, Greater London SE10 0PR2
£620K02/231.41 mi37, Meridian Place, London, Greater London E14 9FE2
£475K06/211.41 mi2, Meridian Place, London, Greater London E14 9FE2
£500K06/211.41 mi22, Meridian Place, London, Greater London E14 9FE2
£235K05/211.41 miFlat 37, Willett House, Queens Road West, Plaistow, London, Greater London E13 0RX2
£360K07/221.42 mi15, Fothergill Close, London, Greater London E13 0LJ2
£193K03/231.43 miFlat 28, Kelson House, Stewart Street, London, Greater London E14 3JQ2
£375K08/211.47 mi14, Locksons Close, London, Greater London E14 6BH2

Local Rents

51 rents from £1.8K/mo to £6.9K/mo, average is £2.2K/mo.

RentDateDistanceAddressBeds 
£2,10005/240.02 mi-2
£2,10005/240.02 mi-2
£2,10005/240.02 miQuayside House, London, E162
£2,20005/240.04 mi-2
£2,25003/240.07 miJude Street, London, E162
£1,89503/240.07 miJupiter House, 2 Turner Street, London2
£2,17504/240.07 miJude Street, Canning Town, E16 1FG2
£2,25004/240.07 miMercury House, London, E162
£1,90003/240.07 mi-2
£2,15005/240.07 mi-2
£2,20004/240.08 mi-2
£1,99901/250.08 mi-2
£2,15003/240.08 mi506 Mercury House ,2 Jude Street, canning town, E162
£2,15001/250.08 mi-2
£2,10003/240.08 miJude Street, London, E162
£2,27503/250.08 mi-2
£3,10003/250.08 mi-2
£2,00004/240.08 miMercury House, 2 Jude Street, London, E162
£2,00005/240.08 miMercury House, 2 Jude Street, London, E162
£2,10004/240.09 miMercury House 2 Jude Street E162
£2,17503/240.09 mi-2
£1,84205/240.09 miMercury House, Canning Town, London, E162
£2,70004/240.1 miEmily Street, London, E162
£2,20002/240.11 mi-2
£6,90003/240.11 miShirley Street, London, E162
£2,35002/250.12 mi-2
£2,35003/240.12 miCenturion Tower, 5 Caxton Street North, Canning Town, London, E162
£2,35005/240.12 miCenturion Tower, 5 Caxton Street North, Canning Town, London, E162
£2,50002/250.12 mi-2
£2,20010/230.13 miThe Sphere, Hallsville Road, London, E16 2
£2,16703/240.13 miThe Sphere, E162
£2,45002/250.13 mi-2
£1,95005/240.13 miThe Sphere, Canning Town, London E162
£2,99003/240.14 miThanet Tower, Caxton Street, E16, Canning Town, London, E162
£2,74903/240.14 miCaxton Street North, London, E162
£2,69904/240.14 miCaxton Street North, London, E162
£2,64905/240.14 miCaxton Street North, London, E162
£2,50005/240.14 miCaxton Street North, Canary Wharf, E162
£2,69905/240.14 mi-2
£2,64905/240.14 mi-2
£2,10005/240.14 mi1 Hallsville Road, Canning Town, London, E162
£2,19903/250.14 mi-2
£2,00012/240.14 mi-2
£2,30010/230.14 miEffra Gardens, Canning Town, E162
£2,00001/250.14 mi-2
£2,20003/250.15 mi-2
£2,15004/240.15 miThe Sphere, Hallsville Road, Canning Town, London, E162
£2,15004/240.15 miThe Sphere, Canning Town, London, E162
£2,60005/240.15 miPeto Street North, London, E162
£2,49505/240.15 miPeto Street North, London, E162
£2,00005/240.16 miRogers Road, Canning Town, Newham, London, E162

Local Area Statistics

Population in E16

44,880

Population in London

4,771,921

Town centre distance

5.27 miles away

Nearest school

0.10 miles away

Nearest train station

0.28 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-4%

Sales demand

Buyer's market

Capital growth (5yrs)

-3%

Property History

Price changed to £425,000

November 28, 2024

Listed for £450,000

October 24, 2023

Floor Plans

Description

  • Two Bedroom Third Floor Modern Build Apartment +
  • 800 Square Feet Approx Of Accommodation +
  • Kier Hardie Park Directly Opposite +
  • Large Private Balcony With Park Views +
  • Easy Access To Elizabeth Line, DLR & Bus Links +
  • Modern Stylishly Presented Interior +
  • Secured Resident's Car Park +
  • Generous Built-In Storage Capacity +
  • Convenient For Excel London And O2 +

The Property
Visit PURPLEBRICKSCO.UK anytime 24/7 to make arrangements to view!

Purplebricks take pleasure in being chosen to exclusively offer to the market this outstanding two double bedroom third floor modern-build apartment.

Boasting approximately 800 square feet of accommodation, the property comes superbly appointed with a range of high-grade fixtures and fittings together with a sleek contemporary finish throughout.

The flat provides a bright, airy and uplifting feel throughout and offers a well-proportioned open plan living area - creating the ideal social space for entertaining in. The apartment also features a large south-facing private balcony with direct access via the living area and views over through the tree canopies and over the greenery of the Kier Hardie Park opposite- perfect for al-fresco dining, entertaining guests or for simply unwinding and whiling away the hours on a sunny day!

Further benefits include secured entry via intercom function, lift access, a well above-average size second bedroom, generous built-in storage capacity and a secured private resident's car park on-site.

Location
Quayside House, Tarling Road, E16 is a popular tree-lined residential street located in one of London’s most exciting and up-and-coming postcodes districts!

The property is perfectly situated providing convenient access to a number of London’s world class leisure facilities and transport links! The ExCeL London is less than a mile and London City Airport stands just around 2 miles away. The Emirates Air Line (cable cars) is situated within a virtual stone's throw and the globally renowned O2 Arena can be reached in around 7 minutes by car and approximately 15 minutes using public transport.

There is also easy access to the Queen Elizabeth Olympic Park and Westfield, Stratford. Enjoy having a number of green open spaces close by with the Keir Hardy Park literally moments away - perfect for recreational activities, picnicking with friends and family, dog walking or for simply lazily whiling away the hours on a sunny day! The King George V and Beckton District Park are also within walking range.

For the convenience of commuters, both Canning Town Tube/DLR and Royal Victoria DLR stations are situated around a 5-10 minute walk away and the new Elizabeth line at Custom House is a 10-15 minute walk.

Property ownership information

Ground rent review period: No review period

Service charge review period: Every 1 year

Lease end date: 29/09/2114

Property Description Disclaimer

This is a general description of the property only, and is not intended to constitute part of an offer or contract. It has been verified by the seller(s), unless marked as 'draft'. Purplebricks conducts some valuations online and some of our customers prepare their own property descriptions, so if you decide to proceed with a viewing or an offer, please note this information may have been provided solely by the vendor, and we may not have been able to visit the property to confirm it. If you require clarification on any point then please contact us, especially if you’re traveling some distance to view. All information should be checked by your solicitor prior to exchange of contracts. Successful buyers will be required to complete anti-money laundering checks. Our partner, Lifetime Legal Limited, will carry out the initial checks on our behalf. The current non-refundable cost is £80 inc. VAT per offer. You’ll need to pay this to Lifetime Legal and complete all checks before we can issue a memorandum of sale. The cost includes obtaining relevant data and any manual checks and monitoring which might be required, and includes a range of benefits. Purplebricks will receive some of the fee taken by Lifetime Legal to compensate for its role in providing these checks.

Agent Details

Purplebricks, covering East London

020 3889 9017

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪