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3 Bed Terraced House, Single Let, London, E16 1LQ, £555,000

Canning Town, London, E16 1LQ - 2 views - 5 months ago

Sold STC
BTL
ROI: 2%
~76 m²
+20 photos

ValuationOvervalued

Sold Prices£200K - £610K
Sold Prices/m²£2.5K/m² - £7K/m²

 

 

Square Metres

~75.90 m²
Price/m²£7.3K/m²

Value Estimate

£394,227

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£138,750

Stamp Duty & Legal Fees

£33,100

Total Cash In

£171,850

 

 

Cash Out

 

Rent Range

£2,300 - £4,500

Rent Estimate

£2,494

Running Costs/mo

£2,253

Cashflow/mo

£241

Cashflow/yr

£2,890

ROI

2%

Gross Yield

5%

Local Sold Prices

50 sold prices from £200K to £610K, average is £450K. £2.5K/m² to £7K/m², average is £5.2K/m².

PriceDateDistanceAddressBeds 
£490K06/210.02 mi6, Appleby Road, London, Greater London E16 1LQ3
£410K04/210.1 mi34, Bray Drive, London, Greater London E16 1LD3
£505K04/210.1 mi29, Bray Drive, London, Greater London E16 1LD3
£420K11/200.11 mi14, Pollard Close, London, Greater London E16 1LG3
£435K05/210.17 mi6, Boreham Avenue, London, Greater London E16 3AG3
£436K11/200.17 mi50, Boreham Avenue, London, Greater London E16 3AG3
£425K12/220.17 mi5, Boreham Avenue, London, Greater London E16 3AG3
£440K10/200.19 mi18, Ruscoe Road, London, Greater London E16 1JB3
£570K12/220.25 mi14, Scoulding Road, London, Greater London E16 1NT3
£520K01/230.31 mi34, Murray Square, Custom House, London, Greater London E16 3AL3
£520K10/220.35 mi20, South Molton Road, London, Greater London E16 1PE3
£610K01/230.43 mi6, Capulet Mews, London, Greater London E16 1SQ3
£590K05/210.44 mi7, Hanover Avenue, London, Greater London E16 1SD3
£590K03/210.46 mi1, De Quincey Mews, London, Greater London E16 1SU3
£470K12/220.48 mi6, Bernard Cassidy Street, London, Greater London E16 4DB3
£600K10/220.53 mi14, Fairfax Mews, London, Greater London E16 1TY3
£395K07/210.54 mi30, Malmesbury Terrace, London, Greater London E16 4PL3
£475K11/220.54 mi11, Beaulieu Avenue, London, Greater London E16 1TS3
£604K12/200.55 mi8, Constable Avenue, London, Greater London E16 1TZ3
£332.5K12/220.56 mi40, Devonshire Road, London, Greater London E16 3NB3
£360K03/230.57 mi64, Varley Road, London, Greater London E16 3NS3
£391K11/200.57 mi92, Varley Road, London, Greater London E16 3NS3
£415K01/230.57 mi21, Gresham Road, East Ham, London, Greater London E16 3DU3
£468K10/220.58 mi29, Evelyn Road, London, Greater London E16 1TU3
£535K03/210.58 mi69, Varley Road, London, Greater London E16 3NR3
£478K03/210.58 mi103, Varley Road, London, Greater London E16 3NR3
£380K01/210.59 mi2, Mortlake Road, London, Greater London E16 3NT3
£555K02/210.6 mi3, Eclipse Road, London, Greater London E13 8LX3
£413K06/210.6 mi249, Newhaven Lane, London, Greater London E16 4HJ3
£425K06/210.62 mi61, Shipman Road, London, Greater London E16 3DT3
£465K01/210.64 mi18, Percy Road, London, Greater London E16 4RB3
£435K03/230.64 mi52, Hayday Road, London, Greater London E16 4AZ3
£480K01/230.65 mi7, Birch Close, London, Greater London E16 4QW3
£400K05/210.66 mi31, Avenons Road, London, Greater London E13 8HU3
£380K05/210.66 mi1, Ohio Road, London, Greater London E13 8EL3
£360K07/230.66 mi33, Garfield Road, London, Greater London E13 8EN3
£200K01/230.67 mi9, Birch Close, London, Greater London E16 4QW3
£435K11/200.67 mi54, Avenons Road, London, Greater London E13 8HT3
£570K04/210.69 mi32, Boxley Street, London, Greater London E16 2AN3
£460K01/210.69 mi58, Boxley Street, London, Greater London E16 2AN3
£415K02/210.71 mi1b, Clifford Road, London, Greater London E16 4JW3
£435K05/210.73 mi106, Cumberland Road, London, Greater London E13 8LR3
£461K12/210.73 mi7, Seaton Close, London, Greater London E13 8JJ3
£360K02/210.75 mi37, Westport Road, London, Greater London E13 8NW3
£477.4K12/220.77 mi18, Florence Street, London, Greater London E16 4JS3
£510K06/210.77 mi130, Oban Street, London, Greater London E14 0GR3
£460K06/230.79 mi27, Desford Road, London, Greater London E16 4NJ3
£513K03/210.81 mi8, Bethell Avenue, London, Greater London E16 4JT3
£435K02/230.81 mi44, Young Road, London, Greater London E16 3RR3
£411K07/230.82 mi35, Palmer Road, London, Greater London E13 8NU3

Local Rents

50 rents from £2.3K/mo to £4.5K/mo, average is £3K/mo.

RentDateDistanceAddressBeds 
£2,50004/240.09 mi-3
£2,50003/240.09 miTarling Road, London, E163
£3,00005/240.14 miPrince Court, 5 Nelson Street, London, E163
£3,35003/240.16 mi-3
£3,00004/240.16 miAtlantic Apartments, Capital East, London, E163
£2,95004/240.16 miAtlantic Apartments, Capital East, London, E163
£3,00003/240.16 miGateway Tower, 28 Western Gateway, Royal Victoria, London, E163
£3,30004/240.16 miGateway Tower, 28 Western Gateway, Royal Victoria, London, E163
£2,87505/240.16 miGateway Tower, 28 Western Gateway, Royal Victoria, London, E163
£2,87505/240.16 miGateway Tower, 28 Western Gateway, Royal Victoria, London, E163
£3,15003/240.17 miWestern Gateway, London, E163
£3,25003/240.17 mi-3
£3,50004/240.17 mi-3
£3,15003/250.17 mi-3
£3,00003/240.18 miAtlantic Apartments, E163
£3,00004/240.18 miAtlantic Apartments, E163
£2,95005/240.18 miAtlantic Apartments, E163
£2,95005/240.18 miAtlantic Apartments, E163
£2,92505/240.18 miSeagull Lane London E163
£3,40003/240.19 mi3 Tidal Basin Road, London, E163
£2,70005/240.19 miIvy Point, 5 Hannaford Walk, Bromley by Bow, London, E3 3TF3
£3,00004/240.2 miWestern Gateway, London, E163
£3,25005/240.2 miWestern Gateway, London, E163
£3,25005/240.2 miWestern Gateway, London, E163
£3,35005/240.2 mi1 Tidal Basin Road, London, E163
£2,35003/250.2 mi-3
£3,30003/240.2 miTidal Basin Road, London3
£3,00003/240.2 miHeartwell Avenue, London, E163
£2,80003/240.2 miHeartwell Avenue, London, E163
£3,00004/240.2 miHeartwell Avenue, London, E163
£2,80004/240.2 miHeartwell Avenue, London, E163
£3,00004/240.2 miHeartwell Avenue, London, E163
£2,80005/240.2 miHeartwell Avenue, London, E163
£2,99504/240.2 miThe Oxygen Apartments, Royal Victoria Dock, E163
£3,00004/240.21 miAlaska Apartments, Capital East, London, E163
£2,86003/240.22 miWestgate Apartments, 18 Western Gateway, Royal Victoria Docks, London, E16 1BN3
£2,70804/240.22 miWestgate Apartments, 18 Western Gateway, Royal Victoria Docks, London, E16 1BN3
£2,64305/240.22 miWestgate Apartments, 18 Western Gateway, Royal Victoria Docks, London, E16 1BN3
£4,50002/250.22 mi-3
£2,90003/250.23 mi-3
£2,79504/240.23 miCoral Apartments, 17 Western Gateway, Canary Wharf, Canning town, London, E16 1AQ3
£2,50004/240.23 mi-3
£3,19012/240.24 mi-3
£2,45005/240.24 mi-3
£2,79903/240.26 miEffra Gardens, London E163
£3,20004/240.26 miEffra Gardens, London, Newham, E163
£2,50005/240.26 mi-3
£2,30003/240.27 mi-3
£2,75004/240.29 mi-3
£2,79503/240.29 miWestgate Apartments, 18 Western Gateway, Royal Victoria Docks, London, E16 1BN3

Links

Local Area Statistics

Population in E16

44,880

Population in London

4,771,921

Town centre distance

5.39 miles away

Nearest school

0.10 miles away

Nearest train station

0.15 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-4%

Sales demand

Buyer's market

Capital growth (5yrs)

-3%

Property History

Listed for £555,000

October 28, 2024

Floor Plans

Description

AN AREA AND PROPERTY IN GREAT DEMAND. A beautifully presented 3 bedroom terraced house facing directly onto Keir Hardy Park , close to bus routes, Canning Town Jubilee and Royal Victoria and Custom House/Cross Rail DLR stations. Kitchen, full double glazing, GCH system and sizeable garden.

EPC Rating D.

Council tax banding D (£1,724.34) From Government sites.

Utility Supply

Electric, Yes , EDF Energy

Water, Yes, Thames Water

Heating, Gas, British Gas Trading Limited

Broadband, Yes available, various.

Sewerage, Yes, Thames Water

Rights and Restrictions

Private rights of way, No

Public rights of way, No

Listed property, No

Risks

Flooded in last 5 years, No.

Flood defences, Thames Barrier

Source of flood, N/A

Answered to the best of our knowledge.

As mentioned the property is conveniently positioned for Canning Town Jubilee Zone 2 Station (Zone 2), Royal Victoria and Custom House DLR Stations and Cross Rail , with links to Canary Wharf and the City. City Airport and the Excel Centre with its bars and restaurants are also close by. There is also the Emirates cable car providing easy access to the O2 Arena and direct access to the A406 with links to the M25/M11/A12 and the A13 which leads directly to the Dartford Tunnel with Lakeside and Bluewater Shopping Retail Parks or The Blackwall Tunnel/The City. The Westfield Centre in Stratford and Galleons Reach retail park are also accessible.

Canning town E16, is still in the process of major regeneration and investment to include:

A cinema, with additional shops and bars opposite Canning town station due to be in its final stages of completion in 2024/25.

Plans for the areas North and West of Custom House to be transformed into a vibrant commercial hub, linking it to Crossrail.

ELIZABETH LINE SERVICES (CROSSRAIL) FROM CUSTOM HOUSE
Now open, the Elizabeth line service offers a train every five minutes at peak time and allows passengers to travel all the way through to Paddington, Heathrow or Reading in the West and Abbey Wood in the east.

DEVELOPMENT OF NEARBY ROYAL ALBERT DOCKS

Royal docks is set to develop into the Capitals third major financial centre having been identified as having £22 billion of investment potential. Which includes the acquisition of the Royal Albert Dock in 2013 site to transform into the Asian Business port set to create 20,000 new full time jobs and projected to be worth £6 billion to London's economy.

The entire focus of the Royal Docks is one of a spiralling district for investment, development and sustained growth, a transformation into London's third showcase business and leisure destination fuelled by a dynamic transport infrastructure. PRS, Premiere House, 1st Floor, Elstree Way, Borehamwood, WD6 1JH.

Agent Details

Samuel King, Canning Town

020 3869 0106

Next Steps?

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

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