2 Bed Flat, Single Let, London, E16 1DR £600,000

Western Gateway, London, E16 1DR - a year ago

Leasehold

BTL

~138 m²

ValuationUndervalued

Sold Prices	£119K - £805K
Sold Prices/m²	£1.7K/m² - £8.9K/m²

Square Metres	~137.59 m²
Price/m²	£4.4K/m²
Value Estimate	£738,000£738,000
BMV	23%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£150,000£150,000
Stamp Duty & Legal Fees	£51,200£51,200
Total Cash In	£201,200£201,200

Cash Out
Rent Range	£630 - £3,000£630 - £3,000
Rent Estimate	£631
Running Costs/mo	£2,021£2,021
Cashflow/mo	£-1,390£-1,390
Cashflow/yr	£-16,682£-16,682
Gross Yield	1%1%

Local Sold Prices

42 sold prices from £119K to £805K, average is £450.5K. £1.7K/m² to £8.9K/m², average is £6.1K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£390K	02/25	0.1 mi	14 Westgate Apartments, Flat 143, Western Gateway, Canning Town, London E16 1BN	£5,571	70	2	Flat
£560K	03/25	0.11 mi	Flat 68, 21 Capital East Apartments, Western Gateway, Canning Town, London E16 1AS	£6,022	93	2	Flat
£625K	05/25	0.19 mi	Flat 173, 18 The Oxygen, Western Gateway, Canning Town, London E16 1BQ	£6,579	95	2	Flat
£332K	09/21	0.31 mi	Flat 7, Manchester Court, Garvary Road, London, Greater London E16 3GZ	-	-	2	Flat
£595K	06/25	0.39 mi	Apartment 1701, 1, Tidal Basin Road, Silvertown, London E16 1US	£7,000	85	2	Flat
£600K	06/25	0.39 mi	Apartment 1806, 1, Tidal Basin Road, Silvertown, London E16 1US	£7,143	84	2	Flat
£375K	07/25	0.5 mi	36, 7 Maddison Court, Hastings Road, Canning Town, London E16 1GG	-	-	2	Flat
£415K	01/25	0.51 mi	New Century House, M1, Jude Street, Canning Town, London E16 1FG	£6,194	67	2	Flat
£500K	12/24	0.51 mi	5 Centurion Tower, 803, Caxton Street North, Canning Town, London E16 1XJ	£6,494	77	2	Flat
£268K	05/25	0.52 mi	2, 8 Pandora Court, Robertson Road, Canning Town, London E16 1FS	£5,583	48	2	Flat
£345K	12/24	0.58 mi	21 Katie Court, Flat 98, Edwin Street, Canning Town, London E16 1YA	£7,188	48	2	Flat
£530K	08/25	0.59 mi	73, 5 Corsair House, Starboard Way, Silvertown, London E16 2NY	-	-	2	Flat
£605.4K	03/25	0.63 mi	32, Endurance House, Riverscape Walk, Silvertown, London E16 2QG	-	-	2	Flat
£405K	03/25	0.65 mi	77, Barrier Point Road, Silvertown, London E16 2SD	£4,551	89	2	Flat
£350K	06/25	0.66 mi	Flat 29, 2 Kingfisher Heights, Bramwell Way, Silvertown, London E16 2GQ	-	-	2	Flat
£350K	06/25	0.66 mi	Flat 29, 2 Kingfisher Heights, Bramwell Way, Silvertown, London E16 2GQ	£5,469	64	2	Flat
£500K	06/25	0.67 mi	26, 1 Fairwater House, Bonnet Street, Silvertown, London E16 2SY	-	-	2	Flat
£575K	06/25	0.68 mi	92, 6 Marco Polo Tower, Bonnet Street, Silvertown, London E16 2BN	£7,770	74	2	Flat
£575K	06/25	0.68 mi	92, 6 Marco Polo Tower, Bonnet Street, Silvertown, London E16 2BN	-	-	2	Flat
£528K	08/25	0.69 mi	30, 25 Carrick House, Royal Crest Avenue, Silvertown, London E16 2SS	-	-	2	Flat
£565K	04/23	0.69 mi	141, Barrier Point Road, Silvertown, London E16 2SE	£7,152	79	2	Flat
£130K	10/24	0.69 mi	96, New Barn Street, Plaistow, London E13 8JW	£2,063	63	2	Flat
£463.5K	07/25	0.69 mi	8, 97 Sherrington Court, Rathbone Street, Canning Town, London E16 1FQ	-	-	2	Flat
£540K	06/21	0.7 mi	143, Barrier Point Road, Silvertown, London, Greater London E16 2SE	£6,067	89	2	Flat
£425.1K	06/21	0.7 mi	171, Barrier Point Road, London, Greater London E16 2SE	£6,114	70	2	Flat
£287K	06/21	0.72 mi	111, Cambus Road, London, Greater London E16 4AX	£5,740	50	2	Flat
£336.5K	12/22	0.79 mi	49, Tollgate Road, London, Greater London E16 3LB	£5,341	63	2	Flat
£400K	08/22	0.79 mi	65a, New Barn Street, London, Greater London E13 8JY	£4,762	84	2	Flat
£625K	03/25	0.81 mi	Flat 1202, 19 Modena House, Lyell Street, London E14 0RR	£8,681	72	2	Flat
£805K	08/25	0.81 mi	Flat 2005, 19 Modena House, Lyell Street, London E14 0RR	-	-	2	Flat
£375K	06/21	0.82 mi	32, Wards Wharf Approach, London, Greater London E16 2EY	£5,952	63	2	Flat
£550K	04/25	0.87 mi	Flat 303, 18, Cutter Lane, Greenwich SE10 0YB	£8,871	62	2	Flat
£634K	06/25	0.87 mi	Flat 609, 18, Cutter Lane, London SE10 0YB	£8,342	76	2	Flat
£634K	06/25	0.87 mi	Flat 609, 18, Cutter Lane, London SE10 0YB	-	-	2	Flat
£315K	01/23	0.88 mi	7, Agate Close, London, Greater London E16 3TU	£7,500	42	2	Flat
£300K	03/23	0.9 mi	42, Luton Road, London, Greater London E13 8HD	£3,750	80	2	Flat
£297.5K	10/22	0.9 mi	22, Luton Road, London, Greater London E13 8HD	£6,071	49	2	Flat
£260K	07/22	0.9 mi	3, King Street, London, Greater London E13 8DB	£5,417	48	2	Flat
£525K	03/25	0.97 mi	Maurer Court, Flat 204, Renaissance Walk, London SE10 0SR	£5,469	96	2	Flat
£437.5K	01/24	0.98 mi	Flat 220, Maurer Court, John Harrison Way, London, Greater London SE10 0SW	-	-	2	Flat
£595K	05/25	0.99 mi	Flat 60, 21, Reminder Lane, London SE10 0UH	£8,264	72	2	Flat
£119K	08/24	0.99 mi	202, Chargeable Lane, Plaistow, London E13 8DW	£1,725	69	2	Flat

Local Rents

50 rents from £630/mo to £3K/mo, average is £2.5K/mo.

Rent	Date	Distance	Address	Beds	Type
£2,150	03/24	0 mi	The Grainstore, Western Gateway, London	2	Flat
£1,900	05/24	0 mi	The Grainstore, Western Gateway, E16	2	Flat
£1,800	08/25	0 mi	The Grainstore, Western Gateway, E16	2	Flat
£2,230	05/24	0.01 mi	The Grainstore, Royal Victoria Dock, E16	2	Flat
£2,400	10/25	0.01 mi	Flat 60, The Grainstore 4 Western Gateway, Royal Victoria Docks, London	2	Flat
£2,350	11/25	0.01 mi	Flat 60, The Grainstore 4 Western Gateway, Royal Victoria Docks, London	2	Flat
£2,200	10/25	0.01 mi	Flat 60, The Grainstore 4 Western Gateway, Royal Victoria Docks, London	2	Flat
£2,100	11/25	0.01 mi	The Grainstore, 4 Western Gateway, London	2	Flat
£630	07/25	0.01 mi	The Grainstore, 4 Western Gateway, Royal Victoria Docks, Custom House, London, E16 1BA	2	Flat
£1,980	04/24	0.01 mi	-	2	Flat
£1,980	04/24	0.01 mi	Western Gateway, London, E16	2	Flat
£2,400	09/25	0.01 mi	-	2	Flat
£2,230	04/24	0.02 mi	The Grainstore, Royal Docks, London, E16	2	Flat
£2,297	06/25	0.02 mi	The Grainstore, Royal Docks, London, E16	2	Flat
£2,297	07/25	0.03 mi	The Grainstore, Royal Victoria Dock, E16	2	Flat
£1,800	08/25	0.03 mi	Grainstore, Royal Docks	2	Flat
£2,708	08/25	0.03 mi	Botanist House, Seagull Lane, London, E16	2	Flat
£2,500	05/24	0.04 mi	Warehouse W, 3 Western Gateway, E16	2	Flat
£1,850	07/25	0.04 mi	-	2	Flat
£2,500	09/25	0.04 mi	Warehouse W, Royal Victoria Dock, E16	2	Flat
£3,000	09/25	0.04 mi	3 Western Gateway, Royal Docks, London	2	Flat
£2,500	05/24	0.04 mi	3 Western Gateway, Royal Docks, London	2	Flat
£2,500	05/24	0.04 mi	Warehouse W, 3 Western Gateway, London, E16	2	Flat
£2,700	08/25	0.04 mi	Warehouse W, 3 Western Gateway, London, E16	2	Flat
£2,250	07/25	0.04 mi	Hallsville Road, London, E16	2	Flat
£2,250	09/25	0.04 mi	Hallsville Road, London, E16	2	Flat
£2,400	05/24	0.06 mi	Botanist House, Seagull Lane, E16	2	Flat
£2,450	10/25	0.06 mi	Western Gateway, Royal Dock West, E16	2	Flat
£2,600	05/24	0.06 mi	-	2	Flat
£2,650	02/25	0.06 mi	-	2	Flat
£2,600	08/25	0.06 mi	-	2	Flat
£2,450	04/24	0.06 mi	Botanist House, 7 Seagull Lane, London, E16	2	Flat
£2,450	08/25	0.06 mi	Botanist House, 7 Seagull Lane, London, E16	2	Flat
£2,700	09/25	0.06 mi	Wellspring House, Seagull Lane, E16	2	Flat
£2,750	09/25	0.06 mi	12 Western Gateway, London, E16 1YX	2	Flat
£2,750	10/25	0.06 mi	12 Western Gateway, London, E16 1YX	2	Flat
£2,650	10/25	0.06 mi	12 Western Gateway, London, E16 1YX	2	Flat
£2,650	10/25	0.06 mi	12 Western Gateway, London, E16 1YX	2	Flat
£2,650	11/25	0.06 mi	12 Western Gateway, London, E16 1YX	2	Flat
£2,600	11/25	0.06 mi	12 Western Gateway, London, E16	2	Flat
£2,400	05/24	0.06 mi	Botanist House, 7 Seagull Lane, London, E16	2	Flat
£2,686	08/25	0.06 mi	Royal Eden Dock, 7 Seagull Lane, E16	2	Flat
£2,548	05/24	0.06 mi	Galleria House, Western Gateway, London, E16	2	Flat
£2,600	03/24	0.06 mi	western Gateway, London, E16	2	Flat
£2,600	05/24	0.06 mi	western Gateway, London, E16	2	Flat
£2,400	05/24	0.06 mi	Galleria House, 12B Western Gateway, London, E16	2	Flat
£2,600	05/24	0.06 mi	Galleria House, 12B Western Gateway, London, E16	2	Flat
£2,492	04/24	0.06 mi	Galleria House, Western Gateway, London, E16	2	Flat
£2,450	11/25	0.07 mi	12 Western Gateway, Royal Docks West, London, E16	2	Flat
£2,450	11/25	0.07 mi	Western Gateway, Royal Docks, London, E16	2	Flat

Local Area Statistics

Population in E16	44,88044,880
Population in London	4,771,9214,771,921
Town centre distance	5.72 miles away5.72 miles away
Nearest school	0.40 miles away0.40 miles away
Nearest train station	0.10 miles away0.10 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	-8%-8%
Sales demand	Buyer's marketBuyer's market

Property History

Price changed to £600,000

February 28, 2025

Price changed to £625,000

February 8, 2025

Listed for £650,000

January 9, 2025

Floor Plans

Description

*NO ONWARD CHAIN*
A spacious 2 bedroom 2 bathroom duplex apartment set within this Grade II listed warehouse conversion with stunning period features throughout.
Located close to the London ExCel exhibition centre and Custom House station (Elizabeth Line) this lovely property is perfect for those who love a bit of character with a modern twist.
The accommodation is spacious throughout with the lower floor benefitting from a spacious reception/dining room, modern fitted kitchen, double bedroom, bathroom and balcony. On the first floor there is a 2nd reception/dining room, double bedroom, a 2nd kitchen, shower room, balcony and a mezzanine level above which can be used as an office space or extra sleeping area.
Internal viewings come highly recommended!

Agent Details

John D Wood & Co. Sales, Docklands & City

020 3856 4659

Next Steps?

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

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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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Local Rents