2 Bed Flat, Single Let, London, E16 1XS £380,000

Katie Court, 7 Edwin Street, London, E16 1XS - a year ago
Leasehold
BTL
ROI: 2%
~68 m²
Property image

ValuationOvervalued

Sold Prices£119K - £805K
Sold Prices/m²£1.7K/m² - £8.7K/m²

 

 

Square Metres

~68.11 m²
Price/m²£5.6K/m²

Value Estimate

£335,149

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£95,000

Stamp Duty & Legal Fees

£19,100

Total Cash In

£114,100

 

 

Cash Out

 

Rent Range

£1,750 - £2,600

Rent Estimate

£1,798

Running Costs/mo

£1,567

Cashflow/mo

£231

Cashflow/yr

£2,771

ROI

2%

Gross Yield

6%

Local Sold Prices

38 sold prices from £119K to £805K, average is £333.5K. £1.7K/m² to £8.7K/m², average is £5.4K/m².

Price
Date
Distance
Address
Beds
 
£345K12/240.03 mi21 Katie Court, Flat 98, Edwin Street, Canning Town, London E16 1YA2
£375K07/250.06 mi36, 7 Maddison Court, Hastings Road, Canning Town, London E16 1GG2
£268K05/250.09 mi2, 8 Pandora Court, Robertson Road, Canning Town, London E16 1FS2
£287K06/210.26 mi111, Cambus Road, London, Greater London E16 4AX2
£130K10/240.29 mi96, New Barn Street, Plaistow, London E13 8JW2
£463.5K07/250.33 mi8, 97 Sherrington Court, Rathbone Street, Canning Town, London E16 1FQ2
£300K03/230.36 mi42, 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
£415K01/250.39 miNew Century House, M1, Jude Street, Canning Town, London E16 1FG2
£500K12/240.44 mi5 Centurion Tower, 803, Caxton Street North, Canning Town, London E16 1XJ2
£119K08/240.46 mi202, Chargeable Lane, Plaistow, London E13 8DW2
£332K09/210.51 miFlat 7, Manchester Court, Garvary Road, London, Greater London E16 3GZ2
£625K05/250.54 miFlat 173, 18 The Oxygen, Western Gateway, Canning Town, London E16 1BQ2
£390K02/250.56 mi14 Westgate Apartments, Flat 143, Western Gateway, Canning Town, London E16 1BN2
£595K06/250.56 miApartment 1701, 1, Tidal Basin Road, Silvertown, London E16 1US2
£600K06/250.56 miApartment 1806, 1, Tidal Basin Road, Silvertown, London E16 1US2
£313K07/230.57 mi29, Gentry Gardens, London, Greater London E13 8BS2
£625K03/250.6 miFlat 1202, 19 Modena House, Lyell Street, London E14 0RR2
£805K08/250.6 miFlat 2005, 19 Modena House, Lyell Street, London E14 0RR2
£560K03/250.61 miFlat 68, 21 Capital East Apartments, Western Gateway, Canning Town, London E16 1AS2
£290K07/210.63 mi5, Grange Road, London, Greater London E13 0EE2
£300K05/250.68 mi69, Turnstone Close, Plaistow, London E13 0HW2
£300K05/250.68 mi69, Turnstone Close, Plaistow, London E13 0HW2
£335K11/240.74 mi21, Lacewing Close, Plaistow, London E13 8AD2
£335K11/240.74 mi21, Lacewing Close, London, Greater London E13 8AD2
£300K06/210.74 mi11, Lacewing Close, London, Greater London E13 8AD2
£320K03/230.74 mi30, Lacewing Close, London, Greater London E13 8AD2
£336K11/240.75 mi11, Lacewing Close, Plaistow, London E13 8AD2
£336.5K12/220.77 mi49, Tollgate Road, London, Greater London E16 3LB2
£315K03/250.96 mi9, Teasel Way, Stratford, London E15 3AA2
£290K06/210.96 mi6, Perth Road, Plaistow, London, Greater London E13 9DS2
£345K03/250.99 mi17, Holland Road, Stratford, London E15 3BP2
£425K06/250.99 miFlat 35, 10 Bartholomew Court, Newport Avenue, London E14 2DW2
£305K03/251 miFlat 24, Nebula Court, Umbriel Place, Plaistow, London E13 0BW2
£290K07/241 miNebula Court, Flat 23, Umbriel Place, Plaistow, London E13 0BW2
£305K03/251 miFlat 24, Nebula Court, Umbriel Place, Plaistow, London E13 0BW2

Local Rents

50 rents from £1.8K/mo to £2.6K/mo, average is £2.1K/mo.

Rent
Date
Distance
Address
Beds
 
£2,10003/240.01 miEdwin Street, Canning Town, London, E162
£2,25310/250.03 miRobertson Road, Canning Town, London, E162
£2,50010/250.03 miEdwin Street, London, E162
£2,00006/250.03 miEdwin Street, London, E162
£2,20006/250.03 miEdwin Street, London, E162
£2,25003/250.03 mi-2
£2,00006/250.03 mi-2
£1,75006/250.03 miKatie Court, Edwin Street, London2
£2,60009/250.04 mi-2
£1,90006/250.04 miEdwin Street, London2
£2,10011/250.04 miEdwin Street, London2
£2,00003/240.05 miEdwin Street, Canary Wharf, London, E162
£1,95011/250.05 miEdwin Street, Canary Wharf, London, E162
£1,95004/250.06 mi-2
£2,15010/250.06 mi-2
£2,20005/250.06 miHammersley Road, London, E162
£1,90007/250.06 miHammersley Road, London, E162
£2,20007/250.06 miHammersley Road, London, E162
£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
£2,10009/250.06 miPioneer Court, Canning Town, London, E162
£2,05005/240.06 mi-2
£1,95005/240.06 mi-2
£2,05004/240.06 miHammersley Rd, London, E162
£2,40010/230.06 miHastings Road, London, E162
£2,40009/250.06 miHastings Road, London, E162
£2,20011/250.06 miMaddison BUilding, E16, Canning Town, London, E162
£1,95004/240.06 miCanning Town, London, E162
£2,34810/250.07 miHastings Road, Canning Town2
£2,39610/250.07 miHastings Road, Canary Wharf2
£2,34810/250.07 miHastings Road, Canning Town2
£2,00008/250.07 miMaddison Court, 7 Hastings Road, Canning Town, E162
£2,10009/250.07 miPioneer Court, Hammersley Road, London, E162
£2,00008/250.07 miPioneer Court, Canning Town, 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
£2,10009/250.07 mi-2
£2,10010/250.07 miPioneer Court, Hammersley Road, London2
£2,40011/250.07 miHastings Road, Canary Wharf, E162
£1,80006/250.07 miHammersley Road, Canning Town2
£2,00008/250.07 mi50 Hammersley Road, E162
£2,20010/250.07 miPioneer Court, Canning Town, E162
£2,20010/250.08 miHammersley Road, London2
£2,00012/240.08 mi-2
£2,20009/250.08 mi-2
£2,20009/250.08 miPandora Court, London, E162

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)

-8%

Sales demand

Buyer's market

Property History

Listed for £380,000

January 7, 2025

Floor Plans

Property image

Description

  • Second Floor (building has a lift) +
  • Approx. 678 Sqft Gross Internal Area +
  • Balcony +
  • Very Good Energy-Efficiency Rating +
  • Secure Parking Space +
  • Short Walk to Canning Town/Custom House +

This apartment is on the second floor and has a spacious reception room with open-plan kitchen area featuring attractive units and integrated appliances. A glazed door leads out onto a twenty-two-foot, east-facing balcony. The smaller of the two bedrooms also allows access to the balcony and there is a large main bedroom with a pair of Juliette balconies. The hallway has useful, built-in storage/utility cupboards and the bathroom is stylish and high-spec. Well insulated walls, high performance glazing and a communal heating/hot water system have resulted in a very good energy-efficiency rating. Katie Court has a cycle storage area and a gated car park which includes a space allocated to this apartment. Alternatively, Canning Town Station (Jubilee Line + DLR) and Custom House (Elizabeth Line + DLR) are both within easy walking distance. Tenure: Leasehold (125 years from 01/04/2018).
Service Charge: £140.44 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).

Agent Details

Urban Moves Ltd, Nationwide

020 4538 8937

Next Steps?

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