2 Bed Flat, Planning Permission, London, E16 2EQ, £425,000

Wards Wharf Approach, E16 2EQ - 8 months ago

Leasehold
Planning
ROI: 2%
~68 m²
+20 photos

ValuationOvervalued

Sold Prices£165K - £1.1M
Sold Prices/m²£3.5K/m² - £7.5K/m²

 

 

Square Metres

~68.11 m²
Price/m²£6.2K/m²

Value Estimate

£405,423

Investment Opportunity

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£106,250

Stamp Duty & Legal Fees

£22,700

Total Cash In

£128,950

 

 

Cash Out

 

Rent Range

£1,875 - £2,600

Rent Estimate

£1,902

Running Costs/mo

£1,729

Cashflow/mo

£173

Cashflow/yr

£2,082

ROI

2%

Gross Yield

5%

Local Sold Prices

21 sold prices from £165K to £1.1M, average is £315K. £3.5K/m² to £7.5K/m², average is £6K/m².

PriceDateDistanceAddressBeds 
£375K06/210.02 mi32, Wards Wharf Approach, London, Greater London E16 2EY2
£564K02/210.27 mi110, Barrier Point Road, London, Greater London E16 2SD2
£540K04/210.27 mi182, Barrier Point Road, London, Greater London E16 2SE2
£540K06/210.28 mi143, Barrier Point Road, Silvertown, London, Greater London E16 2SE2
£425.1K06/210.28 mi171, Barrier Point Road, London, Greater London E16 2SE2
£492.5K01/210.28 mi197, Barrier Point Road, London, Greater London E16 2SF2
£1.1M03/210.3 mi47, Starboard Way, London, Greater London E16 2NZ2
£286K06/230.42 mi56, Wythes Road, London, Greater London E16 2DN2
£300K03/230.62 miFlat 56, Riverhope Mansions, Harlinger Street, London, Greater London SE18 5SS2
£270K05/230.62 miFlat 12, Riverhope Mansions, Harlinger Street, London, Greater London SE18 5SS2
£270K10/210.62 miFlat 31, Riverhope Mansions, Harlinger Street, London, Greater London SE18 5SS2
£335K12/200.62 miFlat 75, Riverhope Mansions, Harlinger Street, London, Greater London SE18 5SS2
£315K01/230.74 mi7, Agate Close, London, Greater London E16 3TU2
£244K01/210.79 mi86, Antelope Road, London, Greater London SE18 5QG2
£250K03/210.79 mi32, Antelope Road, London, Greater London SE18 5QG2
£255K07/210.83 mi22, Charlton Lane, London, Greater London SE7 8LF2
£230K10/200.85 mi190, Woolwich Church Street, London, Greater London SE18 5NQ2
£332K09/210.86 miFlat 7, Manchester Court, Garvary Road, London, Greater London E16 3GZ2
£165K11/210.92 miFlat 46, Sovereign House, Europe Road, London, Greater London SE18 5QN2
£275K12/220.96 mi3, Barry Road, London, Greater London E6 5TA2
£335K02/230.99 miFlat 106, Lower Mast House, Mast Quay, London, Greater London SE18 5NF2

Local Rents

50 rents from £1.9K/mo to £2.6K/mo, average is £2.2K/mo.

RentDateDistanceAddressBeds 
£2,01505/240 miWards Wharf Approach, Silvertown, E162
£2,25312/240 mi-2
£1,95002/250 mi-2
£2,01504/240 miWard Wharf Approach, Tradewinds, London, E16 2EY2
£2,16705/240 miWard Wharf Approach, Tradewinds, London, E16 2EY2
£2,19703/240 miWards Wharf Approach, Royal Docks, London, E16 2
£2,25012/240.01 mi-2
£2,14503/240.02 miWards Wharf, Silvertown, London, E162
£2,10003/240.03 miWaterside Apartments, Royal Victoria, London City, London, E162
£2,04905/240.03 miWaterside Apartments, Royal Victoria, London City, London, E162
£1,89504/240.03 miTradewinds, Wards Wharf Approach, London2
£1,87504/240.03 miTradewinds, Whards Wharf Approach, london2
£2,20005/240.05 miWaterside Heights, 16 Booth Road, Royal Docks, London, E162
£2,10004/240.06 miBooth Road, London, E162
£2,12304/240.06 miParkside Court, Waterside Park, Royal Docks E162
£2,17504/240.06 miWaterside Heights, Booth Road, London, E162
£2,20005/240.06 miWaterside Heights, Booth Road, Pontoon Dock, London, E162
£2,17505/240.06 miWaterside Heights, Booth Road, London, E162
£2,23204/240.06 mi-2
£2,35005/240.06 mi-2
£2,35012/240.06 mi-2
£2,05003/240.06 miBooth Road, London, E162
£2,00004/240.06 miBooth Road, London, E162
£2,20003/240.06 miWaterside Heights, Booth Road, Royal Docks, London, E162
£2,15004/240.06 miConnaught Heights, Booth Road, Royal Docks, London, E162
£2,40005/240.06 miWaterside Heights, Royal Docks, London, E162
£2,25004/240.06 miWaterside Heights, E162
£2,10004/240.06 miWaterside Heights, E162
£2,20003/240.06 miBooth Road, London, E162
£2,23203/240.06 miWaterside Heights, Waterside Park, Royal Docks E162
£2,10004/240.06 miBooth Road, Canary Wharf, E162
£2,29704/240.06 miWaterside Park, Waterside Heights, Royal Docks E162
£2,15003/240.07 mi-2
£2,15012/240.07 mi-2
£2,40012/240.07 mi-2
£2,40003/250.07 mi-2
£2,29703/250.07 mi-2
£2,25004/240.07 miKingfisher Heights, Bramwell Way, London, E162
£2,49204/240.08 miMeadow Court, Silvertown, London, E162
£2,19703/240.08 miBooth Road, Docklands, London, E162
£2,25001/250.09 mi-2
£2,20004/240.09 miKingfisher Heights, E162
£2,05004/240.09 miKingfisher Heights, E162
£2,10005/240.09 miKingfisher Heights, E162
£2,40002/240.09 mi-2
£2,40005/240.09 mi-2
£2,20009/240.09 mi-2
£1,95012/240.09 mi-2
£2,60012/240.09 mi-2
£2,25303/250.09 mi-2

Local Area Statistics

Population in E16

44,880

Population in London

4,771,921

Town centre distance

6.46 miles away

Nearest school

0.40 miles away

Nearest train station

0.23 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

February 28, 2025

Listed for £450,000

August 3, 2024

Floor Plans

Description

  • 2 Double Bedrooms +
  • Private Balcony +
  • Bathroom & Ensuite +
  • Open Plan Living +
  • Phone Entry System +
  • Private Parking Space +
  • Concierge Facility +
  • Gated Development +
  • Gym & Sauna Access +
  • Long Lease +

Guide Price £425,000 - £450,000. A beautifully presented two-bedroom flat in the Royal Docks, situated on the fifth floor of this modern development is being offered to the open market. Although both bedrooms are generously sized and are true double bedrooms, the master bedroom benefits from being dual aspect whilst having the convenience of an ensuite shower room. Spanning over 900 sq. ft. this property also houses a family bathroom further offering privacy and ease of access. With an open plan layout, this home has three clearly defined living spaces giving it a modern feel. The reception, the dining space and the kitchen all of which get flooded with natural light. The private balcony offers panoramic views and the opportunity to appreciate the surrounding landscape. With more than 900 years remaining of an incredibly long lease, the development is also EWS1 certified and therefore this opportunity offers both assurance and security. A 24 hour concierge and secure entry system further emphasise this sentiment. Whether you drive or regularly host guests, this offering also benefits from having its own private parking space. There is also a communal gym and sauna room that residents can take advantage of. Tradewinds is located at the heart of the Royal Docks, a vibrant neighbourhood with a rich heritage and better still, an even more exciting future. Situated on the historic River Thames with the iconic Thames Barrier in view, the Royal Docks is at the forefront of London's innovative drive East. To the West is Thames Barrier Park and the new Royal Wharf just beyond, to the East awaits final planning permission to the Thames Road Quarter. When completed, Tradewinds will be place firmly at the centre of this eclectic neighbourhood that encompasses elements from its history and blends them seamlessly with its repurposed vision of the future. With Stratford, Greenwich and Canary Wharf also on your doorstep and easy connections into the City centre including the New Thames Clipper pier at Royal Wharf, E16 is perfectly positioned.

Agent Details

East Avenue, Covering London

020 4538 3547

Next Steps?

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