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

55 Great Eastern Road, London, E15, E15 1DS - a year ago
Leasehold
BTL
73 m²
Property image
Property image
Property image

ValuationOvervalued

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

 

 

Square Metres

73 m²
Price/m²£8.2K/m²

Value Estimate

£415,044

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£150,000

Stamp Duty & Legal Fees

£36,700

Total Cash In

£186,700

 

 

Cash Out

 

Rent Range

£675 - £3,380

Rent Estimate

£1,750

Running Costs/mo

£2,245

Cashflow/mo

£-495

Cashflow/yr

£-5,940

Gross Yield

4%

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
Beds
 
£617.5K02/250 mi55 Stratosphere Tower, Flat 218, Great Eastern Road, Stratford, London E15 1DU2
£598K12/240 mi55 Stratosphere Tower, Flat 223, Great Eastern Road, Stratford, London E15 1DU2
£580K01/250 mi55 Stratosphere Tower, Flat 111, Great Eastern Road, Stratford, London E15 1DS2
£620K07/250 miFlat 243, 55 Stratosphere Tower, Great Eastern Road, Stratford, London E15 1DU2
£470K01/250 mi55 Stratosphere Tower, Flat 153, Great Eastern Road, Stratford, London E15 1DS2
£390K06/210.17 mi6, Gerry Raffles Square, London, Greater London E15 1BG2
£380K06/210.17 mi31, Gerry Raffles Square, London, Greater London E15 1BG2
£365K06/230.17 mi9, Chopwell Close, London, Greater London E15 4RP2
£350K06/250.24 miFlat 86, Burford Wharf, Cam Road, Stratford, London E15 2SL2
£420K07/250.24 miFlat 67, Burford Wharf, Cam Road, Stratford, London E15 2SL2
£350K06/250.24 miFlat 86, Burford Wharf, Cam Road, Stratford, London E15 2SL2
£427K09/230.26 mi8, Whales Yard, West Ham Lane, Stratford, London E15 4PB2
£427K09/230.26 miWhales Yard, 8, West Ham Lane, Stratford, London E15 4PB2
£367K10/210.27 mi1b, Aldworth Road, London, Greater London E15 4DN2
£341.5K06/210.27 mi1d, Aldworth Road, London, Greater London E15 4DN2
£690K04/240.3 mi1 Lantana Heights, 1402, Glasshouse Gardens, Stratford, London E20 1HT2
£650K12/240.3 mi1 Lantana Heights, 1503, Glasshouse Gardens, Stratford, London E20 1HT2
£650K12/240.3 mi1503, 1 Lantana Heights, Glasshouse Gardens, Stratford, London E20 1HT2
£690K09/240.33 mi2 Cassia Point, 1507, Glasshouse Gardens, Stratford, London E20 1HW2
£705K09/240.33 mi1707, 2 Cassia Point, Glasshouse Gardens, Stratford, London E20 1HW2
£715K12/240.33 mi2 Cassia Point, 2705, Glasshouse Gardens, Stratford, London E20 1HY2
£705K09/240.33 mi2 Cassia Point, 1707, Glasshouse Gardens, Stratford, London E20 1HW2
£387.5K12/240.35 miApollo Court, Flat 40, High Street, Stratford, London E15 2FF2
£400K12/220.35 mi1, Barnby Street, London, Greater London E15 4PY2
£325K08/210.35 mi9, Barnby Street, London, Greater London E15 4PY2
£335K08/210.39 mi1, Waddington Street, London, Greater London E15 1QJ2
£345K01/250.39 mi39 Granite Apartments, Flat 14, Windmill Lane, Stratford, London E15 1PX2
£420K01/250.39 mi1, Flat 23, Rick Roberts Way, Stratford, London E15 2FP2
£445K02/250.39 mi1, Flat 77, Rick Roberts Way, Stratford, London E15 2FP2
£425K06/250.39 miFlat 87, 1, Rick Roberts Way, Stratford, London E15 2FP2
£425K06/250.39 miFlat 87, 1, Rick Roberts Way, Stratford, London E15 2FP2
£395K05/250.39 miFlat 7, 58 Icona Point, Warton Road, Stratford, London E15 2JD2
£395K05/250.39 miFlat 7, 58 Icona Point, Warton Road, Stratford, London E15 2JD2
£401K03/250.47 mi88, Vicarage Lane, Stratford, London E15 4HQ2
£740K09/240.47 mi22 Manhattan Loft Apartments, Apartment 1507, International Way, Stratford, London E20 1GQ2
£360K01/250.5 miShale Court, Flat 25, Romford Road, Stratford, London E15 4FD2
£275K06/210.51 miFlat 5, Stafford Morris House, Church Street, Stratford, London, Greater London E15 3JY2
£471K04/240.53 miCavesson House, 47, Ribbons Walk, Stratford, London E20 1AZ2
£460K10/240.54 mi24, Kaleidoscope House, Mirabelle Gardens, Stratford, London E20 1BU2
£372.5K06/230.55 mi79, Otter Close, London, Greater London E15 2PT2
£565K10/240.55 miFestuca House, 5, Mirabelle Gardens, Stratford, London E20 1BR2
£565K10/240.55 mi5, Festuca House, Mirabelle Gardens, Stratford, London E20 1BR2
£585K02/250.55 mi22, Festuca House, Mirabelle Gardens, Stratford, London E20 1BR2
£585K02/250.55 mi22, Festuca House, Mirabelle Gardens, Stratford, London E20 1BR2
£565K10/240.55 mi5, Festuca House, Mirabelle Gardens, Stratford, London E20 1BR2
£328K05/250.55 miFlat 28, 1 Ibex House, Forest Lane, Stratford, London E15 1HR2
£328K05/250.55 miFlat 28, 1 Ibex House, Forest Lane, Stratford, London E15 1HR2
£330K01/230.56 mi96, Maryland Street, London, Greater London E15 1JD2
£275K08/210.57 mi2, Otter Close, London, Greater London E15 2PZ2
£367K06/210.57 mi8, Otter Close, London, Greater London E15 2PZ2

Local Rents

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

Rent
Date
Distance
Address
Beds
 
£2,40003/240 miStratosphere Tower, 55 Great Eastern Road, Stratford, London, E152
£2,80006/250 miStratosphere Tower, 55 Great Eastern Road, Stratford, London, E152
£3,38007/250 miStratosphere Tower 55 Great Eastern Road2
£2,75006/250 miStratosphere Tower, London, E152
£67507/250 miGreat Eastern Road, Stratford, London, E152
£2,92508/250 miGreat Eastern Road, Stratford, London, E152
£2,55704/240 mi-2
£2,75005/240 mi-2
£2,59512/240 mi-2
£2,75212/240 mi-2
£2,22502/250 mi-2
£2,65003/250 mi-2
£2,70805/250 mi-2
£2,65007/250 mi-2
£2,60004/240 miStratosphere Tower, Stratford, E152
£2,35006/250 miGreat Eastern Road, Stratosphere Tower, E152
£2,90009/250 miGreat Eastern Road, Stratosphere Tower, E152
£2,95009/250 miStratosphere Tower, London, E152
£2,50012/240 mi-2
£2,95009/250 mi-2
£2,80008/250 mi-2
£2,90010/250 mi-2
£2,90010/250 miStratosphere Tower, London, E152
£2,89909/250 miGreat Eastern Road, Stratford2
£2,85008/250 miStratosphere Tower ,London2
£2,77304/240 mi-2
£2,81704/240 mi-2
£2,57502/250 mi-2
£2,70804/250 mi-2
£2,70004/250 mi-2
£2,60004/250 mi-2
£2,70805/250 mi-2
£2,60005/250 mi-2
£2,60004/250 mi-2
£2,60006/250 mi-2
£2,85006/250 mi-2
£2,59503/240 miStratosphere Tower, Stratford E152
£2,60004/240 miStratosphere Tower, Stratford, E152
£2,65007/250 mi-2
£2,80009/250 mi-2
£2,90010/250 mi-2
£2,65007/250 miStratosphere Tower, London, E152
£2,65007/250 miStratosphere Tower, London, E152
£2,75006/250.01 miGreat Eastern Road, London, E152
£3,00008/250.01 miStratosphere Tower, Great Eastern Road, London, E152
£2,50003/240.01 miStratosphere Tower, Stratford E152
£2,70003/240.01 miStratosphere Tower, London E152
£2,75007/250.01 miStratosphere Towe, London E152
£2,85007/250.01 miStratosphere Tower, Great Eastern Road, Stratford, E152
£2,75007/250.01 miGreat Eastern Road London E152

Local Area Statistics

Population in E15

52,199

Population in London

4,771,921

Town centre distance

4.60 miles away

Nearest school

0.10 miles away

Nearest train station

0.14 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-5%

Sales demand

Buyer's market

Capital growth (5yrs)

+3%

Property History

Listed for £600,000

November 27, 2024

Floor Plans

Property image

Description

  • Stylish Two Bedrooms +
  • Master Bedroom With En-Suite +
  • Great View +
  • Close To Westfiled And Olympic Park +
  • Statford Underground Station +
  • Chain Free +

The Property
*GUIDE PRICE: £600,000 to £650,000*

Stylish Two-Bedroom Apartment - Chain Free

This modern and stylish two-bedroom flat is offered chain-free, presenting an excellent opportunity for first-time buyers or investors.

Key Features:

- Open-Plan Living: A bright and spacious reception room, perfect for entertaining, offering stunning views of Stratford and Canary Wharf.
- Bedrooms: The property features a generously sized master bedroom with an ensuite, plus an additional well-proportioned double bedroom.
- Bathrooms: A sleek, contemporary family bathroom complements the ensuite in the master.

Location

Located steps away from Westfield Stratford City and Stratford Shopping Centre, this property offers unrivaled access to an array of boutique shops, diverse dining options, and world-class leisure facilities, ensuring a vibrant and convenient lifestyle.

With Stratford Station just moments away, residents benefit from exceptional transport links, including the TFL network, National Rail services, and the high-speed Elizabeth Line, making journeys across London and beyond effortless.

Combining modern style, ultimate convenience, and a prime East London location, this stunning flat is a rare find. Early viewing is highly recommended to fully appreciate all it has to offer.

Stratosphere Tower, E15 offers an exceptional living experience, designed with luxury and convenience in mind. Residents enjoy exclusive access to a 24-hour concierge service, ensuring seamless support and security around the clock.

The development also features a private rooftop gymnasium with panoramic views, providing a premium fitness experience. Additionally, the Wi-Fi lounge offers a stylish and comfortable space to work, relax, or socialize, catering perfectly to modern urban lifestyles.

Property ownership information

Ground rent review period: No review period

Service charge review period: Every 1 year

Lease end date: 31/12/3016

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 💪