2 Bed Flat, Single Let, London, E14 8JL, £350,000

Cascades Tower, Canary Wharf, London, E14 8JL - 21 views - 3 months ago

Leasehold

BTL

ROI: 20%

~73 m²

+6 photos

ValuationUndervalued

Sold Prices	£193K - £800K
Sold Prices/m²	£4.1K/m² - £8.9K/m²

Square Metres	~72.65 m²
Price/m²	£4.8K/m²
Value Estimate	£437,500£437,500
BMV	25%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£87,500£87,500
Stamp Duty & Legal Fees	£16,700£16,700
Total Cash In	£104,200£104,200

Cash Out
Rent Range	£2,535 - £5,200£2,535 - £5,200
Rent Estimate	£3,550
Running Costs/mo	£1,824£1,824
Cashflow/mo	£1,726£1,726
Cashflow/yr	£20,715£20,715
ROI	20%20%
Gross Yield	12%12%

Local Sold Prices

50 sold prices from £193K to £800K, average is £475K. £4.1K/m² to £8.9K/m², average is £6.6K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£532K	11/21	0.3 mi	Flat 22, Mermaid Court, Rotherhithe Street, London, Greater London SE16 5UB	-	-	2	Flat
£395K	09/21	0.38 mi	99, Acorn Walk, London, Greater London SE16 5DX	£4,115	96	2	Flat
£542K	02/23	0.39 mi	Flat 44, Turner House, Cassilis Road, London, Greater London E14 9LJ	-	-	2	Flat
£380K	09/21	0.39 mi	Flat 19, Bryan House, Rotherhithe Street, London, Greater London SE16 5HB	-	-	2	Flat
£500K	02/23	0.4 mi	Flat 34, Turner House, Cassilis Road, London, Greater London E14 9LJ	-	-	2	Flat
£545K	01/21	0.42 mi	Flat 66, Constable House, Cassilis Road, London, Greater London E14 9LH	-	-	2	Flat
£375K	08/21	0.44 mi	44, Acorn Walk, London, Greater London SE16 5DU	-	-	2	Flat
£465K	12/20	0.49 mi	2, Admiral Place, London, Greater London SE16 5NY	£6,458	72	2	Flat
£415K	04/23	0.51 mi	32, Rich Street, London, Greater London E14 8AL	£6,131	68	2	Flat
£505K	12/20	0.54 mi	23, Edward Square, London, Greater London SE16 5EE	£5,484	92	2	Flat
£422.5K	06/21	0.56 mi	Flat 5, Coombrook Court, Elgar Street, London, Greater London SE16 7QG	-	-	2	Flat
£575K	01/21	0.57 mi	10, William Square, London, Greater London SE16 5XJ	£7,372	78	2	Flat
£475K	06/21	0.59 mi	2, Meridian Place, London, Greater London E14 9FE	-	-	2	Flat
£500K	06/21	0.59 mi	22, Meridian Place, London, Greater London E14 9FE	£6,579	76	2	Flat
£620K	02/23	0.6 mi	37, Meridian Place, London, Greater London E14 9FE	£5,688	109	2	Flat
£665K	11/20	0.62 mi	39, Queen Of Denmark Court, London, Greater London SE16 7TB	£6,379	104	2	Flat
£475K	12/20	0.62 mi	4, Sophia Square, London, Greater London SE16 5XL	£8,636	55	2	Flat
£306K	02/23	0.62 mi	Flat 20, Russell House, Saracen Street, London, Greater London E14 6HJ	-	-	2	Flat
£365K	11/21	0.64 mi	1, Landon Walk, London, Greater London E14 0BH	£4,932	74	2	Flat
£400K	05/23	0.65 mi	223, Rotherhithe Street, London, Greater London SE16 5XW	£6,660	60	2	Flat
£605K	03/23	0.66 mi	44, Princes Court, London, Greater London SE16 7TD	£6,533	93	2	Flat
£542.5K	06/23	0.66 mi	8, Princes Court, London, Greater London SE16 7TD	£7,138	76	2	Flat
£325K	12/20	0.67 mi	Flat 34, Storey House, Cottage Street, London, Greater London E14 0HE	-	-	2	Flat
£376K	06/23	0.7 mi	Flat 3, Charlesworth House, Dod Street, London, Greater London E14 7EE	-	-	2	Flat
£525.5K	06/21	0.71 mi	64, Plover Way, London, Greater London SE16 7TT	£7,401	71	2	Flat
£310K	07/21	0.72 mi	Flat 12, Anglesey House, Lindfield Street, London, Greater London E14 6HS	-	-	2	Flat
£487.5K	12/20	0.74 mi	18, Frederick Square, London, Greater London SE16 5XR	£8,864	55	2	Flat
£420K	11/21	0.76 mi	11, Midship Close, London, Greater London SE16 6BT	£7,368	57	2	Flat
£409K	06/21	0.77 mi	81, Wheat Sheaf Close, London, Greater London E14 9UY	£7,175	57	2	Flat
£295K	06/23	0.79 mi	80, Kerbey Street, London, Greater London E14 6AW	-	-	2	Flat
£602.5K	01/23	0.82 mi	Flat 26, Artemis Court, Homer Drive, London, Greater London E14 3UH	-	-	2	Flat
£665K	03/21	0.82 mi	24, Rope Street, London, Greater London SE16 7TE	£5,833	114	2	Flat
£505K	06/21	0.84 mi	8, St Georges Square, London, Greater London E14 8DL	£6,918	73	2	Flat
£250K	04/23	0.85 mi	Flat 5, Quayside Court, Abbotshade Road, London, Greater London SE16 5RG	-	-	2	Flat
£800K	08/21	0.86 mi	Flat 17, Bellamys Court, Abbotshade Road, London, Greater London SE16 5RF	-	-	2	Flat
£365K	01/21	0.87 mi	51, Dora Street, London, Greater London E14 7TP	£6,083	60	2	Flat
£461K	02/21	0.87 mi	42, Undine Road, London, Greater London E14 9UW	£7,338	63	2	Flat
£725K	03/23	0.87 mi	Flat 3, Helier Court, Eleanor Close, London, Greater London SE16 6PZ	-	-	2	Flat
£565K	04/23	0.87 mi	Flat 57, Tudor Court, Princes Riverside Road, London, Greater London SE16 5RH	-	-	2	Flat
£485K	03/21	0.88 mi	62, Falcon Way, London, Greater London E14 9UP	£6,063	80	2	Flat
£520K	06/21	0.89 mi	Flat 19, Woolcombes Court, Princes Riverside Road, London, Greater London SE16 5RQ	-	-	2	Flat
£361K	12/20	0.9 mi	4, Brunswick Quay, London, Greater London SE16 7PY	£7,521	48	2	Flat
£365K	08/23	0.9 mi	Flat 20.11, Aragon Tower, George Beard Road, London, Greater London SE8 3AL	-	-	2	Flat
£485K	06/21	0.91 mi	Flat 25.05, Aragon Tower, George Beard Road, London, Greater London SE8 3AL	-	-	2	Flat
£455K	06/21	0.92 mi	Flat 66, Basque Court, Garter Way, London, Greater London SE16 6XD	-	-	2	Flat
£442K	05/21	0.92 mi	Flat 35, Basque Court, Garter Way, London, Greater London SE16 6XD	-	-	2	Flat
£530K	05/21	0.94 mi	Flat 36, Sirius House, Seafarer Way, London, Greater London SE16 7DR	-	-	2	Flat
£532.5K	03/21	0.94 mi	Flat 65, Sirius House, Seafarer Way, London, Greater London SE16 7DR	-	-	2	Flat
£425K	02/23	0.94 mi	Flat 23, Iceland Wharf, Plough Way, London, Greater London SE16 7AB	-	-	2	Flat
£193K	03/23	0.94 mi	Flat 28, Kelson House, Stewart Street, London, Greater London E14 3JQ	-	-	2	Flat

Local Rents

50 rents from £2.5K/mo to £5.2K/mo, average is £3.7K/mo.

Rent	Date	Distance	Address	Beds	Type
£3,900	03/24	0.02 mi	Landmark Pinnacle, Canary Wharf, London, E14	2	Flat
£3,683	05/24	0.03 mi	10 Marsh Wall, Landmark Pinnacle, E14	2	Flat
£3,250	03/24	0.03 mi	Westferry Road, Canary Wharf	2	Flat
£4,200	12/24	0.04 mi	-	2	Flat
£3,900	12/24	0.04 mi	-	2	Flat
£3,600	03/24	0.04 mi	-	2	Flat
£3,185	03/24	0.04 mi	Landmark Pinnacle, Marsh Wall, Canary Wharf, South Quay, London, E14 9GU	2	Flat
£3,683	04/24	0.04 mi	10 Marsh Wall, , Landmark Pinnacle, Canary Wharf, E14	2	Flat
£3,575	05/24	0.04 mi	10 Marsh Wall, , Landmark Pinnacle, Canary Wharf, E14	2	Flat
£3,683	04/24	0.04 mi	Landmark Pinnacle, 10 Marsh Wall, Canary Wharf, London, E14	2	Flat
£4,020	03/24	0.04 mi	Landmark Pinnacle, Canary Wharf, London, E14	2	Flat
£4,073	04/24	0.04 mi	-	2	Flat
£4,073	05/24	0.04 mi	-	2	Flat
£3,700	01/25	0.04 mi	-	2	Flat
£3,850	12/24	0.04 mi	-	2	Flat
£4,069	04/24	0.04 mi	Marsh Wall, London, E14	2	Flat
£3,600	03/24	0.04 mi	Landmark Pinnacle, 10 Marsh Wall, Canary Wharf, London, E14	2	Flat
£3,550	04/24	0.04 mi	-	2	Flat
£3,550	04/24	0.04 mi	-	2	Flat
£5,200	12/24	0.04 mi	-	2	Flat
£3,922	03/24	0.04 mi	Landmark Pinnacle , Marsh Wall, E14	2	Flat
£3,550	03/24	0.04 mi	Marsh Wall, London, E14	2	Flat
£3,683	03/24	0.04 mi	Landmark Pinnacle, London E14	2	Flat
£3,640	03/24	0.04 mi	Landmark Pinnacle, London E14	2	Flat
£3,727	03/24	0.04 mi	Landmark Pinnacle, London E14	2	Flat
£3,597	03/24	0.04 mi	Landmark Pinnacle, London E14	2	Flat
£3,575	03/24	0.04 mi	Landmark Pinnacle, London E14	2	Flat
£3,683	04/24	0.04 mi	Landmark Pinnacle, 10 Marsh Wall, E14	2	Flat
£3,943	04/24	0.04 mi	Landmark Pinnacle, London E14	2	Flat
£3,553	04/24	0.04 mi	Landmark Pinnacle, London E14	2	Flat
£3,683	04/24	0.04 mi	Landmark Pinnacle, London E14	2	Flat
£4,000	05/24	0.04 mi	Landmark Pinnacle, Marsh Wall, London, E14	2	Flat
£3,575	05/24	0.04 mi	Landmark Pinnacle, London E14	2	Flat
£3,683	05/24	0.04 mi	Landmark Pinnacle, 10 Marsh Wall, Canary Wharf E14	2	Flat
£4,117	12/24	0.04 mi	10 Marsh Wall London E14	2	Flat
£3,500	03/24	0.04 mi	Marsh Wall, London, E14	2	Flat
£3,597	03/24	0.04 mi	Landmark Pinnacle, London E14	2	Flat
£2,535	04/24	0.05 mi	Indescon Square, Canary Wharf, South Quays, Cross Harbour, Canary Wharf, Marsh Wall, London, E14 9DQ	2	Flat
£3,500	04/24	0.05 mi	Pinnacle Tower, Tower Hamlets, E14	2	Flat
£3,596	03/24	0.06 mi	Newfoundland, Canary Wharf, E14	2	Flat
£3,727	03/24	0.06 mi	Newfoundland, Canary Wharf, E14	2	Flat
£4,680	03/24	0.06 mi	Newfoundland, Canary Wharf, E14	2	Flat
£4,450	03/24	0.06 mi	Newfoundland, Canary Wharf, E14	2	Flat
£4,000	03/24	0.06 mi	Newfoundland, Canary Wharf, E14	2	Flat
£4,312	03/24	0.06 mi	Newfoundland, Canary Wharf, E14	2	Flat
£3,727	04/24	0.06 mi	Newfoundland, Canary Wharf, E14	2	Flat
£4,680	04/24	0.06 mi	Newfoundland, Canary Wharf, E14	2	Flat
£4,450	04/24	0.06 mi	Newfoundland, Canary Wharf, E14	2	Flat
£4,000	04/24	0.06 mi	Newfoundland, Canary Wharf, E14	2	Flat
£4,312	04/24	0.06 mi	Newfoundland, Canary Wharf, E14	2	Flat

Local Area Statistics

Population in E14	79,76079,760
Population in London	4,771,9214,771,921
Town centre distance	3.84 miles away3.84 miles away
Nearest school	0.40 miles away0.40 miles away
Nearest train station	0.18 miles away0.18 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	-4%-4%
Sales demand	Buyer's marketBuyer's market
Capital growth (5yrs)	-3%-3%

Property History

Price changed to £350,000

February 8, 2025

Listed for £375,000

January 13, 2025

Floor Plans

Description

Chain Free +
1st Floor Apartment +
Private balcony +
Residents 24hr concierge, gym, pool, gardens & tennis courts +
Views of the residents Tennis Court and Landscaped Garden +
Walking distance to Canary Wharf +
Allocated Parking +

Located within the historic Grade II listed Cascades Tower, this two-bedroom apartment combines architectural character with modern amenities. It offers views of landscaped gardens, a private tennis court, and the Canary Wharf skyline.

The apartment features an open-plan living and kitchen area with access to a private balcony, creating a seamless space for relaxation or socializing. There are two double bedrooms, with the master bedroom benefiting from an en-suite bathroom, a shower room, and a walk-in closet.
Cascades Tower is a prominent riverside development in E14, known for its unique design and history as one of the first high-rise buildings in the Docklands. Residents have access to 24-hour concierge services, a gym, a swimming pool, landscaped gardens, and a tennis court.

The location is well-connected, with Canary Wharf just a 10-minute walk away, providing access to DLR and Jubilee Line services. The nearby Canary Wharf Pier also offers Thames Clipper services, and the upcoming Crossrail line will further improve transport links in the area.

Agent Details

Felicity J Lord, Canary Wharf

020 4538 2246

Next Steps?

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

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ValuationUndervalued

CashflowsOpen in Analyser

Local Sold PricesDownload Show map

Local RentsDownload Show map

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Local Area Statistics

Property History

Floor Plans

Description

Agent Details

Next Steps?

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