2 Bed Flat, Single Let, London, E16 1BA, £580,000

Western Gateway, London, E16 1BA - 2 months ago

Leasehold
BTL
~88 m²
+19 photos

ValuationOvervalued

Sold Prices£260K - £1.1M
Sold Prices/m²£3.8K/m² - £7.5K/m²

 

 

Square Metres

~87.70 m²
Price/m²£6.6K/m²

Value Estimate

£473,967

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£145,000

Stamp Duty & Legal Fees

£46,700

Total Cash In

£191,700

 

 

Cash Out

 

Rent Range

£1,900 - £2,800

Rent Estimate

£1,913

Running Costs/mo

£2,215

Cashflow/mo

£-302

Cashflow/yr

£-3,625

Gross Yield

4%

Local Sold Prices

22 sold prices from £260K to £1.1M, average is £336.6K. £3.8K/m² to £7.5K/m², average is £5.4K/m².

PriceDateDistanceAddressBeds 
£332K09/210.31 miFlat 7, Manchester Court, Garvary Road, London, Greater London E16 3GZ2
£366.5K04/210.37 mi22, Bray Drive, London, Greater London E16 1LD2
£300K01/210.45 mi51, Thorne Close, London, Greater London E16 1LP2
£300K01/210.45 mi51, Thorne Close, London, Greater London E16 1LP2
£1.1M03/210.63 mi47, Starboard Way, London, Greater London E16 2NZ2
£564K02/210.65 mi110, Barrier Point Road, London, Greater London E16 2SD2
£540K04/210.69 mi182, Barrier Point Road, London, Greater London E16 2SE2
£540K06/210.7 mi143, Barrier Point Road, Silvertown, London, Greater London E16 2SE2
£425.1K06/210.7 mi171, Barrier Point Road, London, Greater London E16 2SE2
£287K06/210.72 mi111, Cambus Road, London, Greater London E16 4AX2
£275K10/200.73 mi55, Holborn Road, London, Greater London E13 8PB2
£492.5K01/210.74 mi197, Barrier Point Road, London, Greater London E16 2SF2
£336.5K12/220.78 mi49, Tollgate Road, London, Greater London E16 3LB2
£400K08/220.79 mi65a, New Barn Street, London, Greater London E13 8JY2
£375K06/210.82 mi32, Wards Wharf Approach, London, Greater London E16 2EY2
£315K01/230.88 mi7, Agate Close, London, Greater London E16 3TU2
£300K03/230.9 mi42, Luton Road, London, Greater London E13 8HD2
£336.7K03/210.9 mi32, Luton Road, London, Greater London E13 8HD2
£297.5K10/220.9 mi22, Luton Road, London, Greater London E13 8HD2
£260K07/220.9 mi3, King Street, London, Greater London E13 8DB2
£437.5K01/240.99 miFlat 220, Maurer Court, John Harrison Way, London, Greater London SE10 0SW2
£292K05/211 mi10, Greencroft Close, London, Greater London E6 5SY2

Local Rents

51 rents from £1.9K/mo to £2.8K/mo, average is £2.2K/mo.

RentDateDistanceAddressBeds 
£1,90005/240 miThe Grainstore, Western Gateway, E162
£2,15003/240 miThe Grainstore, Western Gateway, London2
£2,23005/240.01 miThe Grainstore, Royal Victoria Dock, E162
£1,98004/240.01 mi-2
£1,98004/240.01 miWestern Gateway, London, E162
£2,23004/240.02 miThe Grainstore, Royal Docks, London, E162
£2,50005/240.04 miWarehouse W, 3 Western Gateway, E162
£2,50005/240.04 mi3 Western Gateway, Royal Docks, London2
£2,50005/240.04 miWarehouse W, 3 Western Gateway, London, E162
£2,60005/240.06 mi-2
£2,65002/250.06 mi-2
£2,40005/240.06 miBotanist House, Seagull Lane, E162
£2,45004/240.06 miBotanist House, 7 Seagull Lane, London, E162
£2,40005/240.06 miBotanist House, 7 Seagull Lane, London, E162
£2,54805/240.06 miGalleria House, Western Gateway, London, E162
£2,60003/240.07 miwestern Gateway, London, E162
£2,60005/240.07 miwestern Gateway, London, E162
£2,40005/240.07 miGalleria House, 12B Western Gateway, London, E162
£2,60005/240.07 miGalleria House, 12B Western Gateway, London, E162
£2,49204/240.07 miGalleria House, Western Gateway, London, E162
£2,21003/240.08 miAdriatic Apartment, Western Gateway, Royal Victoria Docks, London, E16 1BS2
£2,50004/240.08 mi-2
£2,60002/250.08 mi-2
£2,10004/240.1 mi-2
£1,90002/250.1 mi-2
£2,27004/250.1 mi-2
£2,16703/240.1 miBaltic Apartments, Western Gateway, Victoria Docks, London, E16 1AE2
£2,12304/240.1 miBaltic Apartments, Western Gateway, Victoria Docks, London, E16 1AE2
£2,80001/250.1 mi-2
£2,10003/240.11 miWestgate Apartments, Western Gateway, London, Greater London. E162
£2,20004/240.11 mi-2
£2,15004/240.11 mi-2
£2,20005/240.11 mi-2
£2,15012/240.11 mi-2
£2,20004/240.11 miWestgate Apartments, London, E162
£1,95004/240.11 miWestgate Apartments, 14 Western Gateway, Royal Victoria, London, E162
£1,95004/240.11 miWestgate Apartments, 14 Western Gateway, Royal Victoria, London, E162
£1,95005/240.11 miWestgate Apartments, 14 Western Gateway, Royal Victoria, London, E162
£2,10005/240.11 miWestgate Apartments, 14 Western Gateway2
£2,60002/250.11 mi-2
£2,14504/240.11 miWestgate Apartments, Royal Victoria, Excel, London, E16 1BN2
£2,20003/240.11 mi-2
£2,30004/240.11 miWestern Gateway, London, E162
£2,30004/240.11 mi-2
£2,30004/240.11 miWarehouse W, E162
£2,14504/240.11 miWestgate Apartment, 14 Western Gateway, Royal Victoria Docks, Canary Wharf, London, E16 1BN2
£2,25304/240.11 miWestgate Apartments, 14 Western Gateway, Royal Victoria Docks, Pontoon Dock, London, E16 1BN2
£2,14504/240.11 miWestgate Apartment, 14 Western Gateway, Royal Victoria Docks, Canary Wharf, London, E16 1BN2
£2,21004/240.11 miWestgate Apartments, 14 Western Gateway, Royal Victoria Docks, London, E16 1BJ2
£2,00004/240.11 miWestgate Apartments Western Gateway, E162
£2,25004/240.11 miWestern Gateway, London, E162

Local Area Statistics

Population in E16

44,880

Population in London

4,771,921

Town centre distance

5.73 miles away

Nearest school

0.40 miles away

Nearest train station

0.10 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-4%

Sales demand

Buyer's market

Capital growth (5yrs)

-3%

Property History

Price changed to £580,000

March 16, 2025

Listed for £599,999

February 11, 2025

Floor Plans

Description

  • Split level +
  • Lift access +
  • Bespoke furniture and appliances +
  • Two private balcony's +
  • Concierge service +

Delightful & Spacious Warehouse Conversion

A larger-than-average two-bedroom duplex apartment set within this characterful former warehouse. Offering spacious and unique living, the accommodation is spread over two floors and comprises two large double bedrooms, with the master benefiting from an en-suite and private balcony.

The bright and airy living/dining room provides ample space for entertaining, while the modern kitchen comes fully equipped with integrated appliances. A standout feature of this property is the second large balcony, offering additional outdoor space to enjoy.

Further benefits include double glazing, ample storage space, and access to an attractive inner courtyard. The development also features a concierge service for added convenience and security. This stunning warehouse conversion is an opportunity not to be missed.

The Grainstore is wonderfully positioned between Royal Victoria DLR and the Dock itself, and therefore occupies one of the most convenient locations within the whole of E16. Key locations such as Canary Wharf, the City, the O2 via Emirates Air Line and the West End are within easy reach alongside the all new Elizabeth Line at Custom House Station. There are also several popular local restaurants and eateries nearby, as well as a popular CrossFit club and watersports on the Dock.

Owners comments
We have loved living in this home which gives the best of both worlds for London living - quick and comfortable connections into central London in less than 17 minutes, with a more peaceful atmosphere! Since moving into the property in 2022, we have made a number of improvements to modernise the space such as upgrading the kitchen including appliances, hardwood flooring throughout, and new lighting including spotlights downstairs. We hope you like the small touches we have made to the flat, from the panelling in the bedrooms and new skirtings throughout to the bespoke bench seat with storage in the entrance hall. The flat has ample storage including built in wardrobes in both bedrooms, a large cupboard upstairs and 2 external cupboards, a real novelty in London! The 2 outside spaces are also great in the summer to make the most of the sun. We have poured a lot of love into this property, but it’s now time to pass it on. We hope you love it as much as we have!

Agent Details

Portico, Ilford

020 3840 3704

Next Steps?

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