2 Bed Flat, Single Let, London, E16 1AR, £700,000

Western Gateway, Royal Docks, London, E16 1AR - 4 months ago

Leasehold
BTL
~109 m²
+11 photos

ValuationOvervalued

Sold Prices£160K - £1.1M
Sold Prices/m²£3.8K/m² - £7.5K/m²

 

 

Square Metres

~109.40 m²
Price/m²£6.4K/m²

Value Estimate

£584,335

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£175,000

Stamp Duty & Legal Fees

£44,700

Total Cash In

£219,700

 

 

Cash Out

 

Rent Range

£1,842 - £6,900

Rent Estimate

£1,956

Running Costs/mo

£2,599

Cashflow/mo

£-643

Cashflow/yr

£-7,712

Gross Yield

3%

Local Sold Prices

50 sold prices from £160K to £1.1M, average is £325.9K. £3.8K/m² to £7.5K/m², average is £5.3K/m².

PriceDateDistanceAddressBeds 
£366.5K04/210.14 mi22, Bray Drive, London, Greater London E16 1LD2
£300K01/210.19 mi51, Thorne Close, London, Greater London E16 1LP2
£300K01/210.19 mi51, Thorne Close, London, Greater London E16 1LP2
£287K06/210.62 mi111, Cambus Road, London, Greater London E16 4AX2
£332K09/210.63 miFlat 7, Manchester Court, Garvary Road, London, Greater London E16 3GZ2
£300K03/230.66 mi42, Luton Road, London, Greater London E13 8HD2
£336.7K03/210.66 mi32, Luton Road, London, Greater London E13 8HD2
£297.5K10/220.66 mi22, Luton Road, London, Greater London E13 8HD2
£260K07/220.69 mi3, King Street, London, Greater London E13 8DB2
£400K08/220.74 mi65a, New Barn Street, London, Greater London E13 8JY2
£275K10/200.79 mi55, Holborn Road, London, Greater London E13 8PB2
£313K07/230.91 mi29, Gentry Gardens, London, Greater London E13 8BS2
£292K01/210.95 mi1, Meredith Street, London, Greater London E13 0EG2
£290K07/210.98 mi5, Grange Road, London, Greater London E13 0EE2
£330K02/210.99 mi474b, Barking Road, Plaistow, London, Greater London E13 8QB2
£336.5K12/221.03 mi49, Tollgate Road, London, Greater London E16 3LB2
£1.1M03/211.04 mi47, Starboard Way, London, Greater London E16 2NZ2
£564K02/211.07 mi110, Barrier Point Road, London, Greater London E16 2SD2
£300K06/211.09 mi11, Lacewing Close, London, Greater London E13 8AD2
£320K03/231.09 mi30, Lacewing Close, London, Greater London E13 8AD2
£540K04/211.1 mi182, Barrier Point Road, London, Greater London E16 2SE2
£540K06/211.11 mi143, Barrier Point Road, Silvertown, London, Greater London E16 2SE2
£425.1K06/211.11 mi171, Barrier Point Road, London, Greater London E16 2SE2
£437.5K01/241.11 miFlat 220, Maurer Court, John Harrison Way, London, Greater London SE10 0SW2
£492.5K01/211.15 mi197, Barrier Point Road, London, Greater London E16 2SF2
£514K09/231.16 miFlat 103, Alamaro Lodge, Renaissance Walk, London, Greater London SE10 0QU2
£290K02/211.16 miFlat 3, Darwin Court, Balaam Street, London, Greater London E13 8RB2
£320K10/201.17 mi28, Memorial Avenue, London, Greater London E15 3BT2
£302.5K11/201.19 mi21, Holland Road, West Ham, London, Greater London E15 3BP2
£310K11/201.19 mi47, Durban Road, London, Greater London E15 3BW2
£365K11/211.23 mi1, Landon Walk, London, Greater London E14 0BH2
£340K04/211.23 mi76, Salmen Road, London, Greater London E13 0DT2
£325K12/201.24 miFlat 34, Storey House, Cottage Street, London, Greater London E14 0HE2
£570K08/231.27 miFlat 28, Farnsworth Court, West Parkside, London, Greater London SE10 0QF2
£375K06/211.27 mi32, Wards Wharf Approach, London, Greater London E16 2EY2
£295K06/231.27 mi80, Kerbey Street, London, Greater London E14 6AW2
£315K01/231.28 mi7, Agate Close, London, Greater London E16 3TU2
£436K06/231.31 miFlat 73, Farnsworth Court, West Parkside, London, Greater London SE10 0RU2
£290K06/211.32 mi6, Perth Road, Plaistow, London, Greater London E13 9DS2
£160K12/201.34 miFlat 66, Kilby Court, Southern Way, London, Greater London SE10 0PR2
£292K05/211.34 mi10, Greencroft Close, London, Greater London E6 5SY2
£280K01/231.34 mi9, Greencroft Close, London, Greater London E6 5SY2
£326.8K10/221.38 mi6, Robin Crescent, London, Greater London E6 5XA2
£620K02/231.39 mi37, Meridian Place, London, Greater London E14 9FE2
£475K06/211.39 mi2, Meridian Place, London, Greater London E14 9FE2
£500K06/211.39 mi22, Meridian Place, London, Greater London E14 9FE2
£193K03/231.4 miFlat 28, Kelson House, Stewart Street, London, Greater London E14 3JQ2
£235K05/211.45 miFlat 37, Willett House, Queens Road West, Plaistow, London, Greater London E13 0RX2
£360K07/221.46 mi15, Fothergill Close, London, Greater London E13 0LJ2
£520K02/211.47 miFlat 33, Van Gogh Court, Amsterdam Road, London, Greater London E14 3UY2

Local Rents

51 rents from £1.8K/mo to £6.9K/mo, average is £2.3K/mo.

RentDateDistanceAddressBeds 
£2,10005/240.05 mi-2
£2,10005/240.05 mi-2
£2,10005/240.05 miQuayside House, London, E162
£2,25003/240.05 miJude Street, London, E162
£2,17504/240.06 miJude Street, Canning Town, E16 1FG2
£2,20002/240.06 mi-2
£2,15001/250.07 mi-2
£2,10003/240.07 miJude Street, London, E162
£2,27503/250.07 mi-2
£3,10003/250.07 mi-2
£2,15003/240.08 mi506 Mercury House ,2 Jude Street, canning town, E162
£2,25004/240.08 miMercury House, London, E162
£1,90003/240.08 mi-2
£2,15005/240.08 mi-2
£2,20004/240.08 mi-2
£1,99901/250.08 mi-2
£2,10004/240.08 miMercury House 2 Jude Street E162
£2,20005/240.08 mi-2
£1,89503/240.08 miJupiter House, 2 Turner Street, London2
£2,50004/250.08 mi-2
£2,70004/240.08 miEmily Street, London, E162
£2,17503/240.08 mi-2
£2,00004/240.09 miMercury House, 2 Jude Street, London, E162
£2,00005/240.09 miMercury House, 2 Jude Street, London, E162
£2,35002/250.09 mi-2
£2,35003/240.09 miCenturion Tower, 5 Caxton Street North, Canning Town, London, E162
£2,35005/240.09 miCenturion Tower, 5 Caxton Street North, Canning Town, London, E162
£2,99003/240.1 miThanet Tower, Caxton Street, E16, Canning Town, London, E162
£2,74903/240.1 miCaxton Street North, London, E162
£2,69904/240.1 miCaxton Street North, London, E162
£2,64905/240.1 miCaxton Street North, London, E162
£2,50005/240.1 miCaxton Street North, Canary Wharf, E162
£2,69905/240.1 mi-2
£2,64905/240.1 mi-2
£2,20003/250.11 mi-2
£1,84205/240.11 miMercury House, Canning Town, London, E162
£6,90003/240.13 miShirley Street, London, E162
£2,60005/240.13 miPeto Street North, London, E162
£2,49505/240.13 miPeto Street North, London, E162
£2,30010/230.14 miEffra Gardens, Canning Town, E162
£2,30004/250.15 mi-2
£2,20010/230.15 miThe Sphere, Hallsville Road, London, E16 2
£2,16703/240.15 miThe Sphere, E162
£2,45002/250.15 mi-2
£2,10005/240.15 mi1 Hallsville Road, Canning Town, London, E162
£2,50004/240.15 miHeartwell Avenue, London, E162
£2,60003/240.15 miHeartwell Avenue, London, E162
£2,60005/240.15 miHeartwell Avenue, London, E162
£2,60004/240.15 miHeartwell Avenue, London, E162
£2,50005/240.15 miHeartwell Avenue, London, E162
£2,45005/240.15 miHeartwell Avenue, London, E162

Local Area Statistics

Population in E16

44,880

Population in London

4,771,921

Town centre distance

5.28 miles away

Nearest school

0.10 miles away

Nearest train station

0.31 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 £700,000

February 20, 2025

Price changed to £725,000

January 31, 2025

Listed for £750,000

December 17, 2024

Floor Plans

Description

  • Overlooking the Royal Victoria Dock +
  • Stunning 2 bedroom duplex penthouse +
  • Sizeable reception room with sliding doors to balcony +
  • Fully integrated open-plan kitchen with breakfast bar +
  • Main bedroom overlooking the dock with en suite shower +
  • Second double bedroom +
  • Superb bathroom +

Arranged over two floors, this smart two bedroom duplex penthouse enjoys a great location overlooking the Royal Victoria Dock and features a stunning reception room with a contemporary open-plan kitchen.

Aegean Apartments is situated in a modern portered development close to the Excel Centre and Canning Town, while Canary Wharf is a short drive away with a wider selection of shops, bars and restaurants.

Please use the reference CHPK0315660 when contacting Foxtons.

Agent Details

Foxtons, Canary Wharf

020 3909 9891

Next Steps?

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