2 Bed Flat, Single Let, London, E15 1DS £600,000

STRATOSPHERE TOWER, 55 GREAT EASTERN ROAD, Stratford, London, E15 1DS - a year ago

Leasehold

BTL

~70 m²

ValuationOvervalued

Sold Prices	£275K - £740K
Sold Prices/m²	£4.7K/m² - £10K/m²

Square Metres	~70.23 m²
Price/m²	£8.5K/m²
Value Estimate	£467,986£467,986

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£150,000£150,000
Stamp Duty & Legal Fees	£51,200£51,200
Total Cash In	£201,200£201,200

Cash Out
Rent Range	£675 - £3,380£675 - £3,380
Rent Estimate	£675
Running Costs/mo	£2,030£2,030
Cashflow/mo	£-1,355£-1,355
Cashflow/yr	£-16,260£-16,260
Gross Yield	1%1%

Local Sold Prices

50 sold prices from £275K to £740K, average is £422.5K. £4.7K/m² to £10K/m², average is £6.9K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£617.5K	02/25	0 mi	55 Stratosphere Tower, Flat 218, Great Eastern Road, Stratford, London E15 1DU	£8,459	73	2	Flat
£598K	12/24	0 mi	55 Stratosphere Tower, Flat 223, Great Eastern Road, Stratford, London E15 1DU	£8,192	73	2	Flat
£580K	01/25	0 mi	55 Stratosphere Tower, Flat 111, Great Eastern Road, Stratford, London E15 1DS	£7,945	73	2	Flat
£620K	07/25	0 mi	Flat 243, 55 Stratosphere Tower, Great Eastern Road, Stratford, London E15 1DU	-	-	2	Flat
£470K	01/25	0 mi	55 Stratosphere Tower, Flat 153, Great Eastern Road, Stratford, London E15 1DS	£8,545	55	2	Flat
£390K	06/21	0.17 mi	6, Gerry Raffles Square, London, Greater London E15 1BG	-	-	2	Flat
£380K	06/21	0.17 mi	31, Gerry Raffles Square, London, Greater London E15 1BG	£6,909	55	2	Flat
£365K	06/23	0.17 mi	9, Chopwell Close, London, Greater London E15 4RP	£6,655	55	2	Flat
£350K	06/25	0.24 mi	Flat 86, Burford Wharf, Cam Road, Stratford, London E15 2SL	-	-	2	Flat
£420K	07/25	0.24 mi	Flat 67, Burford Wharf, Cam Road, Stratford, London E15 2SL	-	-	2	Flat
£350K	06/25	0.24 mi	Flat 86, Burford Wharf, Cam Road, Stratford, London E15 2SL	-	-	2	Flat
£427K	09/23	0.26 mi	8, Whales Yard, West Ham Lane, Stratford, London E15 4PB	£8,212	52	2	Flat
£427K	09/23	0.26 mi	Whales Yard, 8, West Ham Lane, Stratford, London E15 4PB	£8,212	52	2	Flat
£367K	10/21	0.27 mi	1b, Aldworth Road, London, Greater London E15 4DN	£6,673	55	2	Flat
£341.5K	06/21	0.27 mi	1d, Aldworth Road, London, Greater London E15 4DN	£6,969	49	2	Flat
£690K	04/24	0.3 mi	1 Lantana Heights, 1402, Glasshouse Gardens, Stratford, London E20 1HT	£8,961	77	2	Flat
£650K	12/24	0.3 mi	1 Lantana Heights, 1503, Glasshouse Gardens, Stratford, London E20 1HT	£8,784	74	2	Flat
£650K	12/24	0.3 mi	1503, 1 Lantana Heights, Glasshouse Gardens, Stratford, London E20 1HT	-	-	2	Flat
£690K	09/24	0.33 mi	2 Cassia Point, 1507, Glasshouse Gardens, Stratford, London E20 1HW	£9,200	75	2	Flat
£705K	09/24	0.33 mi	1707, 2 Cassia Point, Glasshouse Gardens, Stratford, London E20 1HW	£9,156	77	2	Flat
£715K	12/24	0.33 mi	2 Cassia Point, 2705, Glasshouse Gardens, Stratford, London E20 1HY	£9,931	72	2	Flat
£705K	09/24	0.33 mi	2 Cassia Point, 1707, Glasshouse Gardens, Stratford, London E20 1HW	£9,156	77	2	Flat
£387.5K	12/24	0.35 mi	Apollo Court, Flat 40, High Street, Stratford, London E15 2FF	£5,962	65	2	Flat
£400K	12/22	0.35 mi	1, Barnby Street, London, Greater London E15 4PY	£5,405	74	2	Flat
£325K	08/21	0.35 mi	9, Barnby Street, London, Greater London E15 4PY	£4,851	67	2	Flat
£335K	08/21	0.39 mi	1, Waddington Street, London, Greater London E15 1QJ	-	-	2	Flat
£345K	01/25	0.39 mi	39 Granite Apartments, Flat 14, Windmill Lane, Stratford, London E15 1PX	£5,074	68	2	Flat
£420K	01/25	0.39 mi	1, Flat 23, Rick Roberts Way, Stratford, London E15 2FP	£5,455	77	2	Flat
£445K	02/25	0.39 mi	1, Flat 77, Rick Roberts Way, Stratford, London E15 2FP	£6,742	66	2	Flat
£425K	06/25	0.39 mi	Flat 87, 1, Rick Roberts Way, Stratford, London E15 2FP	£6,855	62	2	Flat
£425K	06/25	0.39 mi	Flat 87, 1, Rick Roberts Way, Stratford, London E15 2FP	-	-	2	Flat
£395K	05/25	0.39 mi	Flat 7, 58 Icona Point, Warton Road, Stratford, London E15 2JD	£7,054	56	2	Flat
£395K	05/25	0.39 mi	Flat 7, 58 Icona Point, Warton Road, Stratford, London E15 2JD	-	-	2	Flat
£740K	09/24	0.47 mi	22 Manhattan Loft Apartments, Apartment 1507, International Way, Stratford, London E20 1GQ	£10,000	74	2	Flat
£401K	03/25	0.47 mi	88, Vicarage Lane, Stratford, London E15 4HQ	£5,419	74	2	Flat
£360K	01/25	0.51 mi	Shale Court, Flat 25, Romford Road, Stratford, London E15 4FD	£5,625	64	2	Flat
£275K	06/21	0.51 mi	Flat 5, Stafford Morris House, Church Street, Stratford, London, Greater London E15 3JY	-	-	2	Flat
£471K	04/24	0.53 mi	Cavesson House, 47, Ribbons Walk, Stratford, London E20 1AZ	£6,452	73	2	Flat
£460K	10/24	0.54 mi	24, Kaleidoscope House, Mirabelle Gardens, Stratford, London E20 1BU	£6,571	70	2	Flat
£372.5K	06/23	0.55 mi	79, Otter Close, London, Greater London E15 2PT	£4,862	77	2	Flat
£565K	10/24	0.55 mi	Festuca House, 5, Mirabelle Gardens, Stratford, London E20 1BR	£8,071	70	2	Flat
£565K	10/24	0.55 mi	5, Festuca House, Mirabelle Gardens, Stratford, London E20 1BR	£8,071	70	2	Flat
£585K	02/25	0.55 mi	22, Festuca House, Mirabelle Gardens, Stratford, London E20 1BR	£8,125	72	2	Flat
£585K	02/25	0.55 mi	22, Festuca House, Mirabelle Gardens, Stratford, London E20 1BR	-	-	2	Flat
£565K	10/24	0.55 mi	5, Festuca House, Mirabelle Gardens, Stratford, London E20 1BR	-	-	2	Flat
£328K	05/25	0.55 mi	Flat 28, 1 Ibex House, Forest Lane, Stratford, London E15 1HR	£5,206	63	2	Flat
£328K	05/25	0.55 mi	Flat 28, 1 Ibex House, Forest Lane, Stratford, London E15 1HR	-	-	2	Flat
£330K	01/23	0.56 mi	96, Maryland Street, London, Greater London E15 1JD	£6,542	50	2	Flat
£275K	08/21	0.57 mi	2, Otter Close, London, Greater London E15 2PZ	£4,661	59	2	Flat
£367K	06/21	0.57 mi	8, Otter Close, London, Greater London E15 2PZ	£6,016	61	2	Flat

Local Rents

50 rents from £675/mo to £3.4K/mo, average is £2.7K/mo.

Rent	Date	Distance	Address	Beds	Type
£2,557	04/24	0 mi	-	2	Flat
£2,750	05/24	0 mi	-	2	Flat
£2,595	12/24	0 mi	-	2	Flat
£2,752	12/24	0 mi	-	2	Flat
£2,225	02/25	0 mi	-	2	Flat
£2,650	03/25	0 mi	-	2	Flat
£2,708	05/25	0 mi	-	2	Flat
£2,650	07/25	0 mi	-	2	Flat
£2,750	06/25	0 mi	Stratosphere Tower, London, E15	2	Flat
£675	07/25	0 mi	Great Eastern Road, Stratford, London, E15	2	Flat
£2,925	08/25	0 mi	Great Eastern Road, Stratford, London, E15	2	Flat
£2,400	03/24	0 mi	Stratosphere Tower, 55 Great Eastern Road, Stratford, London, E15	2	Flat
£2,800	06/25	0 mi	Stratosphere Tower, 55 Great Eastern Road, Stratford, London, E15	2	Flat
£3,380	07/25	0 mi	Stratosphere Tower 55 Great Eastern Road	2	Flat
£2,600	04/24	0 mi	Stratosphere Tower, Stratford, E15	2	Flat
£2,350	06/25	0 mi	Great Eastern Road, Stratosphere Tower, E15	2	Flat
£2,900	09/25	0 mi	Great Eastern Road, Stratosphere Tower, E15	2	Flat
£2,500	12/24	0 mi	-	2	Flat
£2,950	09/25	0 mi	-	2	Flat
£2,950	09/25	0 mi	Stratosphere Tower, London, E15	2	Flat
£2,800	08/25	0 mi	-	2	Flat
£2,900	10/25	0 mi	-	2	Flat
£2,900	10/25	0 mi	Stratosphere Tower, London, E15	2	Flat
£2,899	09/25	0 mi	Great Eastern Road, Stratford	2	Flat
£2,850	08/25	0 mi	Stratosphere Tower ,London	2	Flat
£2,773	04/24	0 mi	-	2	Flat
£2,817	04/24	0 mi	-	2	Flat
£2,575	02/25	0 mi	-	2	Flat
£2,708	04/25	0 mi	-	2	Flat
£2,700	04/25	0 mi	-	2	Flat
£2,600	04/25	0 mi	-	2	Flat
£2,708	05/25	0 mi	-	2	Flat
£2,600	05/25	0 mi	-	2	Flat
£2,600	04/25	0 mi	-	2	Flat
£2,600	06/25	0 mi	-	2	Flat
£2,850	06/25	0 mi	-	2	Flat
£2,595	03/24	0 mi	Stratosphere Tower, Stratford E15	2	Flat
£2,600	04/24	0 mi	Stratosphere Tower, Stratford, E15	2	Flat
£2,650	07/25	0 mi	-	2	Flat
£2,800	09/25	0 mi	-	2	Flat
£2,900	10/25	0 mi	-	2	Flat
£2,650	07/25	0 mi	Stratosphere Tower, London, E15	2	Flat
£2,650	07/25	0 mi	Stratosphere Tower, London, E15	2	Flat
£2,750	06/25	0.01 mi	Great Eastern Road, London, E15	2	Flat
£3,000	08/25	0.01 mi	Stratosphere Tower, Great Eastern Road, London, E15	2	Flat
£2,500	03/24	0.01 mi	Stratosphere Tower, Stratford E15	2	Flat
£2,700	03/24	0.01 mi	Stratosphere Tower, London E15	2	Flat
£2,750	07/25	0.01 mi	Stratosphere Towe, London E15	2	Flat
£2,850	07/25	0.01 mi	Stratosphere Tower, Great Eastern Road, Stratford, E15	2	Flat
£2,750	07/25	0.01 mi	Great Eastern Road London E15	2	Flat

Local Area Statistics

Population in E15	52,19952,199
Population in London	4,771,9214,771,921
Town centre distance	4.60 miles away4.60 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.14 miles away0.14 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	-5%-5%
Sales demand	Buyer's marketBuyer's market
Capital growth (5yrs)	+3%+3%

Property History

Price changed to £600,000

March 16, 2025

Listed for £625,000

September 25, 2024

Floor Plans

Description

South west facing property +
Open plan reception room/ kitchen with stunning views over East London +
2 large double bedrooms +
2 bathrooms +
Gym +
Concierge +
Excellent Location +
Great TFL and National rail transport links +

Stunning south west facing 2 bedroom flat offering a open plan reception room with lovely view over Stratford and Canary Wharf, 2 bathrooms and 2 large double bedrooms with plenty of storage space.

This great property is located next to Westfield and Stratford shopping center with access to great amenities and excellent transport connection with TFL and national rail network.

Please use the reference CHPK4618150 when contacting Foxtons.

Agent Details

Foxtons, Stratford

020 3889 9150

Next Steps?

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

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