2 Bed Flat, Single Let, London, E15 1DL, £620,000

Stratosphere Tower, Great Eastern Road, E15 1DL - 5 months ago

Leasehold

BTL

~68 m²

+3 photos

ValuationOvervalued

Sold Prices	£200K - £447.5K
Sold Prices/m²	£2.6K/m² - £8.8K/m²

Square Metres	~68.11 m²
Price/m²	£9.1K/m²
Value Estimate	£387,248£387,248

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£155,000£155,000
Stamp Duty & Legal Fees	£38,300£38,300
Total Cash In	£193,300£193,300

Cash Out
Rent Range	£2,100 - £2,860£2,100 - £2,860
Rent Estimate	£1,750
Running Costs/mo	£2,308£2,308
Cashflow/mo	£-557£-557
Cashflow/yr	£-6,690£-6,690
Gross Yield	3%3%

Local Sold Prices

39 sold prices from £200K to £447.5K, average is £346K. £2.6K/m² to £8.8K/m², average is £6K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£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
£415K	01/21	0.18 mi	119, Gerry Raffles Square, London, Greater London E15 1BQ	£5,895	70	2	Flat
£365K	06/23	0.18 mi	9, Chopwell Close, London, Greater London E15 4RP	£6,655	55	2	Flat
£367K	10/21	0.27 mi	1b, Aldworth Road, London, Greater London E15 4DN	£6,673	55	2	Flat
£385K	02/21	0.27 mi	1a, Aldworth Road, London, Greater London E15 4DN	£7,404	52	2	Flat
£341.5K	06/21	0.27 mi	1d, Aldworth Road, London, Greater London E15 4DN	£6,969	49	2	Flat
£400K	12/22	0.36 mi	1, Barnby Street, London, Greater London E15 4PY	£5,405	74	2	Flat
£325K	08/21	0.36 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
£275K	06/21	0.51 mi	Flat 5, Stafford Morris House, Church Street, Stratford, London, Greater London E15 3JY	-	-	2	Flat
£372.5K	06/23	0.54 mi	79, Otter Close, London, Greater London E15 2PT	£4,862	77	2	Flat
£353K	02/21	0.55 mi	100, Otter Close, London, Greater London E15 2PX	£6,193	57	2	Flat
£330K	01/23	0.57 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
£370K	04/21	0.57 mi	43, Otter Close, London, Greater London E15 2PZ	£6,736	55	2	Flat
£330K	10/20	0.6 mi	20, Bisson Road, London, Greater London E15 2RD	£5,000	66	2	Flat
£305K	04/23	0.64 mi	100b, Portway, London, Greater London E15 3QJ	£6,100	50	2	Flat
£380K	06/21	0.64 mi	55b, Carnarvon Road, London, Greater London E15 4JW	£8,837	43	2	Flat
£435K	01/21	0.66 mi	128, Chobham Road, London, Greater London E15 1LZ	-	-	2	Flat
£285K	05/23	0.67 mi	2d, Chobham Road, London, Greater London E15 1LU	£6,271	45	2	Flat
£410K	01/23	0.71 mi	61b, Albert Square, London, Greater London E15 1HJ	-	-	2	Flat
£406K	02/21	0.74 mi	4a, Bolton Road, London, Greater London E15 4JY	£6,548	62	2	Flat
£200K	03/23	0.78 mi	25, Carroll Close, London, Greater London E15 1RS	£2,597	77	2	Flat
£265K	02/23	0.78 mi	28, Carroll Close, London, Greater London E15 1RS	£3,487	76	2	Flat
£375K	03/23	0.78 mi	19, Gawsworth Close, London, Greater London E15 1RT	£4,213	89	2	Flat
£320K	08/22	0.8 mi	2a, Stork Road, London, Greater London E7 9HR	£8,421	38	2	Flat
£320K	12/22	0.8 mi	3, Globe Road, London, Greater London E15 1RF	-	-	2	Flat
£325K	02/23	0.81 mi	28, Knox Road, London, Greater London E7 9HW	£6,771	48	2	Flat
£324K	01/23	0.81 mi	23, Janson Close, London, Greater London E15 1TF	£4,467	73	2	Flat
£332.5K	05/21	0.82 mi	39, Hatfield Road, London, Greater London E15 1RA	£6,045	55	2	Flat
£345K	06/21	0.83 mi	24, Park Road, London, Greater London E15 3QP	£5,476	63	2	Flat
£310K	11/20	0.87 mi	47, Durban Road, London, Greater London E15 3BW	£4,471	69	2	Flat
£302.5K	11/20	0.88 mi	21, Holland Road, West Ham, London, Greater London E15 3BP	£5,216	58	2	Flat
£346K	06/21	0.89 mi	75, Stratford Road, London, Greater London E13 0JN	£4,873	71	2	Flat
£365K	02/23	0.91 mi	47a, Earlham Grove, London, Greater London E7 9AN	£4,740	77	2	Flat
£353K	07/23	0.94 mi	177a, Ham Park Road, London, Greater London E7 9LG	£5,439	65	2	Flat
£447.5K	04/23	0.97 mi	Flat A, 122, Leslie Road, London, Greater London E11 4HG	-	-	2	Flat

Local Rents

50 rents from £2.1K/mo to £2.9K/mo, average is £2.6K/mo.

Rent	Date	Distance	Address	Beds	Type
£2,699	03/24	0 mi	Great Eastern Road, Stratford, E15	2	Flat
£2,817	04/24	0 mi	Stratosphere Tower, Great Eastern Road, Stratford E15	2	Flat
£2,500	03/24	0 mi	Stratosphere Tower, Stratford E15	2	Flat
£2,425	03/24	0 mi	Great Eastern Road London E15	2	Flat
£2,650	03/24	0 mi	Great Eastern Road London E15	2	Flat
£2,700	03/24	0 mi	Stratosphere Tower, London E15	2	Flat
£2,500	03/24	0 mi	Great Eastern Road, London, E15	2	Flat
£2,700	04/24	0 mi	Stratosphere Tower, Stratford E15	2	Flat
£2,595	03/24	0.01 mi	Stratosphere Tower, Stratford E15	2	Flat
£2,773	04/24	0.01 mi	-	2	Flat
£2,817	04/24	0.01 mi	-	2	Flat
£2,575	02/25	0.01 mi	-	2	Flat
£2,708	04/25	0.01 mi	-	2	Flat
£2,700	04/25	0.01 mi	-	2	Flat
£2,600	04/25	0.01 mi	-	2	Flat
£2,708	03/25	0.01 mi	-	2	Flat
£2,600	04/25	0.01 mi	-	2	Flat
£2,600	04/25	0.01 mi	-	2	Flat
£2,600	04/24	0.01 mi	Stratosphere Tower, Stratford, E15	2	Flat
£2,400	03/24	0.01 mi	Stratosphere Tower, 55 Great Eastern Road, Stratford, London, E15	2	Flat
£2,557	04/24	0.01 mi	-	2	Flat
£2,750	05/24	0.01 mi	-	2	Flat
£2,595	12/24	0.01 mi	-	2	Flat
£2,752	12/24	0.01 mi	-	2	Flat
£2,225	02/25	0.01 mi	-	2	Flat
£2,650	03/25	0.01 mi	-	2	Flat
£2,708	04/25	0.01 mi	-	2	Flat
£2,600	04/24	0.01 mi	Stratosphere Tower, Stratford, E15	2	Flat
£2,500	12/24	0.01 mi	-	2	Flat
£2,700	04/24	0.02 mi	Azure Building, London, E15	2	Flat
£2,800	03/24	0.02 mi	-	2	Flat
£2,800	02/25	0.02 mi	-	2	Flat
£2,510	03/24	0.03 mi	Unex Tower, London, E15	2	Flat
£2,510	04/24	0.03 mi	Unex Tower, London, E15	2	Flat
£2,510	04/24	0.03 mi	-	2	Flat
£2,800	03/25	0.03 mi	-	2	Flat
£2,860	04/25	0.03 mi	-	2	Flat
£2,800	04/24	0.04 mi	Unex Tower, Station Street, London E15	N/A	House
£2,650	03/24	0.04 mi	Station Street London E15	2	Flat
£2,550	03/24	0.04 mi	Station Street London E15	2	Flat
£2,750	03/24	0.04 mi	Station Street London E15	2	Flat
£2,600	04/24	0.04 mi	Unex Tower, London, E15	2	Flat
£2,700	04/24	0.04 mi	Station Street, London, E15	2	Flat
£2,800	04/24	0.04 mi	Unex Tower, 7 Station Street, London, E15	2	Flat
£2,687	04/25	0.06 mi	-	2	Flat
£2,100	05/24	0.1 mi	Jupp Road, London, E15	2	Flat
£2,100	05/24	0.1 mi	Adrian House, Jupp Road, Stratford, E15	2	Flat
£2,100	02/24	0.1 mi	-	2	Flat
£2,300	04/25	0.1 mi	-	2	Flat
£2,200	05/24	0.12 mi	Jupp Road, Stratford, London, E15	2	Flat

Local Area Statistics

Population in E15	52,19952,199
Population in London	4,771,9214,771,921
Town centre distance	4.59 miles away4.59 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.13 miles away0.13 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+16%+16%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+22%+22%

Property History

Listed for £620,000

November 12, 2024

Floor Plans

Description

Two Double Bedrooms +
En Suite Shower Room +
24 Hour Concierge +
Residential Gym +
0.1 Mile From Stratford Station +
Secure Development +

This contemporary apartment comprises a spacious open-plan reception room/winter garden with a fully integrated kitchen. There are two double bedrooms and two luxury bathrooms, one ensuite, and ample storage.

The apartment enjoys great views from floor-to-ceiling dual aspect windows and benefits from underfloor heating throughout.

Residents’ amenities include a 36th floor residents’ gym, a residents’ Wii-Fi lounge and a 24-hour concierge service.

The development is conveniently located in the centre of the main transport hub of East London, Stratford. Stratford station, the bus depot and Westfield City Shopping Centre are a short stroll across the road.

The development offers residents a superb standard of living with a rooftop residents’ garden with views of Canary Wharf to The City and Queen Elizabeth Park to Westfield Stratford.

Agent Details

Circa London, Shoreditch

020 3889 9067

Next Steps?

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

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ValuationOvervalued

CashflowsOpen in Analyser

Local Sold PricesDownload Show map

Local RentsDownload Show map

Links

Local Area Statistics

Property History

Floor Plans

Description

Agent Details

Next Steps?

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Cashflows

Local Sold Prices

Local Rents