2 Bed Flat, Single Let, London, E16 1XS, £390,000

Katie Court, 7 Edwin Street, London, E16 1XS - 4 months ago

Leasehold
BTL
ROI: 2%
~68 m²
+5 photos

ValuationOvervalued

Sold Prices£260K - £400K
Sold Prices/m²£3.8K/m² - £6.7K/m²

 

 

Square Metres

~68.11 m²
Price/m²£5.7K/m²

Value Estimate

£345,961

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£97,500

Stamp Duty & Legal Fees

£19,900

Total Cash In

£117,400

 

 

Cash Out

 

Rent Range

£1,750 - £4,000

Rent Estimate

£1,798

Running Costs/mo

£1,598

Cashflow/mo

£200

Cashflow/yr

£2,396

ROI

2%

Gross Yield

6%

Local Sold Prices

22 sold prices from £260K to £400K, average is £300K. £3.8K/m² to £6.7K/m², average is £5K/m².

PriceDateDistanceAddressBeds 
£300K01/210.17 mi51, Thorne Close, London, Greater London E16 1LP2
£300K01/210.17 mi51, Thorne Close, London, Greater London E16 1LP2
£287K06/210.26 mi111, Cambus Road, London, Greater London E16 4AX2
£300K03/230.36 mi42, Luton Road, London, Greater London E13 8HD2
£336.7K03/210.36 mi32, Luton Road, London, Greater London E13 8HD2
£297.5K10/220.36 mi22, Luton Road, London, Greater London E13 8HD2
£260K07/220.37 mi3, King Street, London, Greater London E13 8DB2
£400K08/220.38 mi65a, New Barn Street, London, Greater London E13 8JY2
£366.5K04/210.46 mi22, Bray Drive, London, Greater London E16 1LD2
£275K10/200.46 mi55, Holborn Road, London, Greater London E13 8PB2
£332K09/210.51 miFlat 7, Manchester Court, Garvary Road, London, Greater London E16 3GZ2
£313K07/230.57 mi29, Gentry Gardens, London, Greater London E13 8BS2
£292K01/210.61 mi1, Meredith Street, London, Greater London E13 0EG2
£330K02/210.63 mi474b, Barking Road, Plaistow, London, Greater London E13 8QB2
£290K07/210.63 mi5, Grange Road, London, Greater London E13 0EE2
£300K06/210.74 mi11, Lacewing Close, London, Greater London E13 8AD2
£320K03/230.74 mi30, Lacewing Close, London, Greater London E13 8AD2
£336.5K12/220.77 mi49, Tollgate Road, London, Greater London E16 3LB2
£290K02/210.81 miFlat 3, Darwin Court, Balaam Street, London, Greater London E13 8RB2
£340K04/210.94 mi76, Salmen Road, London, Greater London E13 0DT2
£290K06/210.96 mi6, Perth Road, Plaistow, London, Greater London E13 9DS2
£302.5K11/200.98 mi21, Holland Road, West Ham, London, Greater London E15 3BP2

Local Rents

50 rents from £1.8K/mo to £4K/mo, average is £2.1K/mo.

RentDateDistanceAddressBeds 
£2,10003/240.01 miEdwin Street, Canning Town, London, E162
£2,25003/250.04 mi-2
£2,40004/250.04 mi-2
£2,00003/240.05 miEdwin Street, Canary Wharf, London, E162
£1,95004/250.06 mi-2
£2,25003/250.06 mi-2
£2,00005/240.06 miHammersley Road, London2
£2,24904/240.06 miPioneer Court, E16, Canning Town, London, E162
£2,10005/240.06 miPIONEER COURT, Canning Town, London, E162
£1,95004/240.06 miCanning Town, London, E162
£2,05005/240.06 mi-2
£1,95005/240.06 mi-2
£2,05004/240.06 miHammersley Rd, London, E162
£2,40002/240.07 mi-2
£2,24903/240.07 miHammersley Road, Canary Wharf2
£1,87502/240.07 mi-2
£1,90005/240.07 mi-2
£2,00012/240.08 mi-2
£1,95001/250.09 mi-2
£1,80012/240.09 mi-2
£2,20003/250.09 mi-2
£1,90002/240.09 mi-2
£4,00010/240.09 miCascade Way, London, W122
£3,90003/240.09 mi-2
£2,10004/250.1 mi-2
£2,15003/240.1 mi-2
£2,15002/240.1 mi-2
£2,15002/240.1 mi-2
£1,90004/240.11 miCallisto Court, Hammersley Road, Canning Town, E162
£2,55003/250.11 mi-2
£2,00005/240.11 mi-2
£1,85003/240.12 miEvan House - Canning Town - E162
£1,78003/240.15 mi-2
£3,00003/240.16 mi-2
£2,20004/240.16 miKildare Road | E162
£2,36204/240.16 miAriel Apartments, 1 Crediton Road, Royal Victoria Docks, London, E16 1GD2
£2,27004/250.16 mi-2
£3,40005/240.16 mi-2
£1,75005/240.17 miThorne Close, Canning Town, London, E162
£1,80004/240.17 mi-2
£1,85004/240.17 mi-2
£1,90004/240.17 miThorne Close, London2
£1,90005/240.17 miThorne Close, Canning Town E162
£1,90005/240.17 miThorne Close - Canning Town - E162
£2,10005/240.17 miRogers Road, London, E162
£2,00005/240.17 miRogers Road, Canning Town, Newham, London, E162
£2,39003/240.18 mi-2
£2,29003/240.18 mi-2
£2,50012/240.18 mi-2
£2,60001/250.18 mi-2

Local Area Statistics

Population in E16

44,880

Population in London

4,771,921

Town centre distance

5.42 miles away

Nearest school

0.10 miles away

Nearest train station

0.48 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-4%

Sales demand

Buyer's market

Capital growth (5yrs)

-3%

Property History

Listed for £390,000

January 7, 2025

Floor Plans

Description

  • Top Floor (fifth, building has a lift) +
  • Approx. 676 Sqft Gross Internal Area +
  • Dual Aspect Reception Room +
  • High Performance Glazing +
  • Balcony +
  • Short Walk to Canning Town/Custom House +

A well-presented apartment on the fifth floor, which is the top floor in that part of the building. The property has a dual-aspect reception room with attractive flooring and an open-plan kitchen area featuring handle-less units and integrated appliances. Double doors open onto a rear (east) facing balcony. The smaller of the two bedroom also allows access to the balcony while the large main bedroom has an additional Juliette balcony. There is a stylish, high-spec bathroom and a pair of hallway storage/utility cupboards. Modern insulation standards, high performance glazing and a communal heating and hot water system make for a good energy-efficiency rating. Katie Court has a cycle storage area plus Canning Town Station (Jubilee Line + DLR) and Custom House (Elizabeth Line + DLR) are both within easy walking distance. Tenure: Leasehold (125 years from 01/03/2018).
Service Charge: £113.26 per month (subject to annual review).
Ground Rent: £300.00 for the year.
Council Tax: Band C, London Borough of Newham.
Please Note: This property is currently part-owned by Clarion Housing Association but is offered as a 100% open-market sale. Upon completion, the full leasehold title would transfer to the buyer. This property is offered for sale in the condition seen. As a general rule, fitted domestic appliances are included in the sale; non-fitted appliances are not. If you require confirmation, you must request this in writing from Urban Moves. The information in this document supersedes any information given verbally either in person or by telephone. Pets not permitted (except assistance animals). There is no parking space offered with this property.

Agent Details

Urban Moves Ltd, Nationwide

020 4538 8937

Next Steps?

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