3 Bed Flat, Single Let, London, E16 1BA, £845,000

The Grainstore, Royal Victoria Dock, E16 1BA - 3 months ago

Leasehold

BTL

~179 m²

+5 photos

ValuationUndervalued

Sold Prices	£120K - £810K
Sold Prices/m²	£3.6K/m² - £10.3K/m²

Square Metres	~178.96 m²
Price/m²	£4.7K/m²
Value Estimate	£887,019£887,019
BMV	5%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£211,250£211,250
Stamp Duty & Legal Fees	£75,700£75,700
Total Cash In	£286,950£286,950

Cash Out
Rent Range	£2,200 - £4,500£2,200 - £4,500
Rent Estimate	£2,275
Running Costs/mo	£3,116£3,116
Cashflow/mo	£-841£-841
Cashflow/yr	£-10,087£-10,087
Gross Yield	3%3%

Local Sold Prices

50 sold prices from £120K to £810K, average is £377.5K. £3.6K/m² to £10.3K/m², average is £5K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£340K	12/22	0.15 mi	58, Bridgeland Road, London, Greater London E16 3AD	£4,857	70	3	Flat
£342K	12/22	0.23 mi	22, Clements Avenue, London, Greater London E16 3AA	£4,957	69	3	Flat
£295K	06/21	0.67 mi	123, Carson Road, London, Greater London E16 4BG	£4,449	66	3	Flat
£305K	11/21	0.67 mi	113, Carson Road, London, Greater London E16 4BG	-	-	3	Flat
£770K	03/21	0.69 mi	154, Barrier Point Road, London, Greater London E16 2SE	£6,016	128	3	Flat
£310K	10/20	0.74 mi	35, Carson Road, London, Greater London E16 4BD	£5,254	59	3	Flat
£650K	04/23	0.74 mi	203, Barrier Point Road, London, Greater London E16 2SF	£6,915	94	3	Flat
£325K	03/21	0.82 mi	87, Tollgate Road, London, Greater London E16 3LQ	£3,571	91	3	Flat
£342K	05/21	0.99 mi	100, Anne Street, London, Greater London E13 8BY	£3,977	86	3	Flat
£360K	12/22	1.09 mi	10, Gerald Road, London, Greater London E16 4HX	-	-	3	Flat
£220K	07/22	1.2 mi	562a, Barking Road, Plaistow, London, Greater London E13 9JU	£3,929	56	3	Flat
£350K	03/21	1.25 mi	11, Atlas Gardens, London, Greater London SE7 7TB	£3,868	90	3	Flat
£330K	06/21	1.34 mi	57, Chesterton Terrace, London, Greater London E13 0BZ	£6,969	47	3	Flat
£285K	03/21	1.41 mi	19, Emma Road, London, Greater London E13 0DS	£4,318	66	3	Flat
£330K	05/21	1.44 mi	14, Germander Way, London, Greater London E15 3AB	£4,714	70	3	Flat
£120K	05/21	1.44 mi	43, Germander Way, London, Greater London E15 3AB	-	-	3	Flat
£810K	12/20	1.45 mi	4, Landons Close, London, Greater London E14 9QQ	£6,480	125	3	Flat
£570K	08/23	1.48 mi	320, Boardwalk Place, London, Greater London E14 5SH	£8,074	71	3	Flat
£360K	01/23	1.5 mi	34, Given Wilson Walk, London, Greater London E13 0EB	£3,711	97	3	Flat
£355K	06/21	1.56 mi	14, Willis Street, London, Greater London E14 6NB	-	-	3	Flat
£415K	02/23	1.56 mi	8, Willis Street, London, Greater London E14 6NB	£5,685	73	3	Flat
£425K	02/21	1.59 mi	35a, Dupree Road, London, Greater London SE7 7RR	£5,247	81	3	Flat
£430K	09/21	1.59 mi	31a, Dupree Road, London, Greater London SE7 7RR	£5,375	80	3	Flat
£400K	04/21	1.63 mi	28, Brownfield Street, London, Greater London E14 6NE	£5,970	67	3	Flat
£325K	09/22	1.64 mi	241, Lonsdale Avenue, London, Greater London E6 3QA	£3,779	86	3	Flat
£319K	09/22	1.65 mi	33, Greatfield Avenue, London, Greater London E6 3RU	£4,090	78	3	Flat
£385K	01/23	1.65 mi	37, Greatfield Avenue, London, Greater London E6 3RU	£4,873	79	3	Flat
£280K	05/23	1.66 mi	Flat 40, Gooding House, Valley Grove, London, Greater London SE7 8AT	-	-	3	Flat
£425K	03/21	1.67 mi	Flat C, 72, Woolwich Road, London, Greater London SE10 0JU	-	-	3	Flat
£475K	09/23	1.7 mi	75, Inverine Road, London, Greater London SE7 7NJ	£6,786	70	3	Flat
£415K	05/21	1.71 mi	3, Ormiston Road, London, Greater London SE10 0LJ	£4,940	84	3	Flat
£790K	02/21	1.74 mi	Flat 28, Cubitt Wharf, Storers Quay, London, Greater London E14 3BF	-	-	3	Flat
£350K	11/20	1.74 mi	200a, Harold Road, London, Greater London E13 0SE	£4,795	73	3	Flat
£375K	08/23	1.74 mi	68a, Stopford Road, London, Greater London E13 0LZ	-	-	3	Flat
£335K	02/21	1.74 mi	68a, Stopford Road, London, Greater London E13 0LZ	-	-	3	Flat
£390K	12/20	1.76 mi	7a, Station Crescent, London, Greater London SE3 7EQ	£6,167	63	3	Flat
£486K	11/20	1.79 mi	3, The Birches, London, Greater London SE7 7PB	£7,043	69	3	Flat
£400K	04/23	1.82 mi	Flat 27, Stanborough House, Empson Street, London, Greater London E3 3LY	-	-	3	Flat
£540K	03/23	1.83 mi	26, The Heights, London, Greater London SE7 8JH	£7,013	77	3	Flat
£280K	11/21	1.87 mi	Flat 16b, Biddulph House, Rideout Street, London, Greater London SE18 5EU	-	-	3	Flat
£395K	09/23	1.88 mi	80d, Humber Road, London, Greater London SE3 7LX	-	-	3	Flat
£450K	08/23	1.88 mi	149d, Victoria Way, Charlton, London, Greater London SE7 7NX	£4,245	106	3	Flat
£475K	01/21	1.88 mi	36a, Coleraine Road, London, Greater London SE3 7PQ	£5,337	89	3	Flat
£380K	11/20	1.88 mi	34b, Coleraine Road, London, Greater London SE3 7PQ	£4,222	90	3	Flat
£450K	09/23	1.88 mi	34e, Coleraine Road, London, Greater London SE3 7PQ	£5,056	89	3	Flat
£393K	04/23	1.92 mi	6, Plashet Road, London, Greater London E13 0PU	£4,137	95	3	Flat
£327.5K	04/21	1.92 mi	14a, Plashet Road, London, Greater London E13 0PU	£3,808	86	3	Flat
£177.5K	10/22	1.92 mi	28a, Plashet Road, London, Greater London E13 0PU	-	-	3	Flat
£750K	02/24	1.92 mi	53b, Coleraine Road, London, Greater London SE3 7PF	£10,339	73	3	Flat
£420K	08/23	1.96 mi	56, Beaconsfield Close, London, Greater London SE3 7LH	£5,600	75	3	Flat

Local Rents

50 rents from £2.2K/mo to £4.5K/mo, average is £2.9K/mo.

Rent	Date	Distance	Address	Beds	Type
£3,500	03/24	0.09 mi	Seagull Lane, London, E16	3	Flat
£3,250	04/24	0.09 mi	Galleria House, London, E16	3	Flat
£2,850	04/24	0.13 mi	-	3	Flat
£2,817	04/24	0.13 mi	-	3	Flat
£2,817	05/24	0.13 mi	-	3	Flat
£2,900	03/25	0.13 mi	-	3	Flat
£2,700	04/25	0.13 mi	-	3	Flat
£2,775	02/25	0.13 mi	-	3	Flat
£2,795	03/24	0.13 mi	Westgate Apartments, 18 Western Gateway, Royal Victoria Docks, London, E16 1BN	3	Flat
£2,750	04/24	0.13 mi	-	3	Flat
£2,817	03/24	0.13 mi	Westgate Apartments, 14 Western Gateway, Excel, Royal Victoria Docks, London, E16 1BN	3	Flat
£2,700	03/24	0.13 mi	Western Gateway, E16	3	Flat
£2,795	03/24	0.14 mi	Capital East Apartments, Royal Victoria Docks, Canary Wharf, London, E16 1AS	3	Flat
£2,773	03/24	0.14 mi	Capital East Apartments, Royal Victoria Docks, Canary Wharf, London, E16 1AS	3	Flat
£2,708	05/24	0.14 mi	Capital East Apartments, Royal Victoria Docks, Canary Wharf, London, E16 1AS	3	Flat
£4,500	04/25	0.14 mi	-	3	Semi-Detached House
£3,190	12/24	0.14 mi	-	3	Flat
£4,500	05/24	0.16 mi	Balearic Apartments, 15 Western Gateway, London, Greater London, E16	3	Flat
£3,300	01/25	0.16 mi	-	3	Flat
£2,900	02/25	0.16 mi	-	3	Flat
£2,900	03/24	0.16 mi	-	3	Flat
£3,300	04/25	0.16 mi	-	3	Flat
£2,350	03/25	0.16 mi	-	3	Flat
£2,860	03/24	0.21 mi	Westgate Apartments, 18 Western Gateway, Royal Victoria Docks, London, E16 1BN	3	Flat
£2,708	04/24	0.21 mi	Westgate Apartments, 18 Western Gateway, Royal Victoria Docks, London, E16 1BN	3	Flat
£2,643	05/24	0.21 mi	Westgate Apartments, 18 Western Gateway, Royal Victoria Docks, London, E16 1BN	3	Flat
£2,995	04/24	0.21 mi	The Oxygen Apartments, Royal Victoria Dock, E16	3	Flat
£2,300	03/24	0.24 mi	-	3	Terraced House
£2,687	04/24	0.24 mi	Westgate Apartments, 14 Western Gateway, Royal Victoria Docks, Excel, London, E16 1BN	3	Flat
£2,687	05/24	0.24 mi	Westgate Apartments, 14 Western Gateway, Royal Victoria Docks, Excel, London, E16 1BN	3	Flat
£3,000	03/24	0.25 mi	Atlantic Apartments, E16	3	Flat
£3,000	04/24	0.25 mi	Atlantic Apartments, E16	3	Flat
£2,950	05/24	0.25 mi	Atlantic Apartments, E16	3	Flat
£2,950	05/24	0.25 mi	Atlantic Apartments, E16	3	Flat
£2,925	05/24	0.25 mi	Seagull Lane London E16	3	Flat
£3,500	04/24	0.26 mi	-	3	Flat
£2,945	03/25	0.26 mi	-	3	Flat
£3,000	04/24	0.26 mi	Atlantic Apartments, Capital East, London, E16	3	Flat
£2,950	04/24	0.26 mi	Atlantic Apartments, Capital East, London, E16	3	Flat
£2,500	04/24	0.26 mi	Fairfax Mews, Royal Docks, London, E16	3	Terraced House
£2,817	04/24	0.26 mi	Westgate Apartments, 14 Western Gateway, Excel, Royal Victoria Docks, London, E16 1BN	3	Flat
£2,708	04/24	0.26 mi	Adriatic Apartments, Royal Victoria Docks, London, E16 1BS	3	Flat
£3,198	03/24	0.28 mi	Southey Mews, Royal Docks, London, E16	3	Terraced House
£3,000	04/24	0.29 mi	Western Gateway, London, E16	3	Flat
£3,250	05/24	0.29 mi	Western Gateway, London, E16	3	Flat
£3,250	05/24	0.29 mi	Western Gateway, London, E16	3	Flat
£3,000	05/24	0.29 mi	Constable Avenue, London, E16	3	Terraced House
£3,000	05/24	0.29 mi	-	3	Terraced House
£2,500	02/25	0.29 mi	-	3	Terraced House
£2,200	04/24	0.29 mi	Gresham Road, London, E16	3	Terraced House

Local Area Statistics

Population in E16	44,88044,880
Population in London	4,771,9214,771,921
Town centre distance	5.74 miles away5.74 miles away
Nearest school	0.30 miles away0.30 miles away
Nearest train station	0.08 miles away0.08 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 £845,000

April 1, 2025

Listed for £875,000

January 31, 2025

Floor Plans

Description

Three-bedroom, two-bathroom duplex apartment +
Original features including exposed brickwork and large windows +
Vast open-plan living area with high ceilings and natural light +
Integrated kitchen with original fittings and appliances +
Private balcony offering outdoor space +
Excellent transport links, just moments from the Elizabeth Line +

This unique three-bedroom, two-bathroom duplex apartment is located on the 3rd and 4th floors of The Grainstore, a stunning warehouse conversion in the heart of Royal Victoria Dock. Originally constructed as a grain facility, this home offers a rare combination of historical charm and modern luxury. Retaining many original features such as exposed brickwork and large windows, this apartment is the perfect blend of character and contemporary living.

As you enter on the 4th floor, you're welcomed by a vast open-plan living area with exceptionally high ceilings and an abundance of natural light, making the space feel open and airy. The living area flows seamlessly into the open kitchen, complete with original fittings and integrated appliances, offering a stylish and practical space for modern living.

Downstairs, you’ll find three generously sized double bedrooms, including a principal bedroom with an en-suite shower room, as well as a family-sized bathroom. The apartment also boasts a private balcony, ideal for enjoying the outdoors.

Located just moments from the Elizabeth Line, The Grainstore offers fantastic transport links to Central London. The surrounding area is brimming with local attractions, including ExCeL London, The O2 Arena, and the expansive Greenwich Park. Take in stunning views from the Emirates Air Line Cable Car, or explore the rejuvenated Royal Victoria Dock, offering delightful promenades, dining, and cultural experiences. With 178 years remaining on the lease, this apartment offers the perfect opportunity to own a piece of London's rich history while enjoying all the benefits of modern living.

Agent Details

Madison Brook, Docklands

020 3872 3457

Next Steps?

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

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