2 Bed Flat, Single Let, London, E16 1FH, £400,000

Turner Street, Canning Town, E16 1FH - 2 months ago

Leasehold

BTL

ROI: 3%

~69 m²

+15 photos

ValuationOvervalued

Sold Prices	£160K - £1.1M
Sold Prices/m²	£3.8K/m² - £7.5K/m²

Square Metres	~68.60 m²
Price/m²	£5.8K/m²
Value Estimate	£366,411£366,411

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£100,000£100,000
Stamp Duty & Legal Fees	£28,700£28,700
Total Cash In	£128,700£128,700

Cash Out
Rent Range	£1,842 - £6,900£1,842 - £6,900
Rent Estimate	£1,975
Running Costs/mo	£1,665£1,665
Cashflow/mo	£310£310
Cashflow/yr	£3,720£3,720
ROI	3%3%
Gross Yield	6%6%

Local Sold Prices

50 sold prices from £160K to £1.1M, average is £325.9K. £3.8K/m² to £7.5K/m², average is £5.4K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£366.5K	04/21	0.21 mi	22, Bray Drive, London, Greater London E16 1LD	£6,664	55	2	Flat
£300K	01/21	0.23 mi	51, Thorne Close, London, Greater London E16 1LP	£4,688	64	2	Flat
£300K	01/21	0.23 mi	51, Thorne Close, London, Greater London E16 1LP	£4,688	64	2	Flat
£287K	06/21	0.64 mi	111, Cambus Road, London, Greater London E16 4AX	£5,740	50	2	Flat
£300K	03/23	0.65 mi	42, Luton Road, London, Greater London E13 8HD	£3,750	80	2	Flat
£336.7K	03/21	0.65 mi	32, Luton Road, London, Greater London E13 8HD	£4,430	76	2	Flat
£297.5K	10/22	0.65 mi	22, Luton Road, London, Greater London E13 8HD	£6,071	49	2	Flat
£260K	07/22	0.68 mi	3, King Street, London, Greater London E13 8DB	£5,417	48	2	Flat
£332K	09/21	0.7 mi	Flat 7, Manchester Court, Garvary Road, London, Greater London E16 3GZ	-	-	2	Flat
£400K	08/22	0.76 mi	65a, New Barn Street, London, Greater London E13 8JY	£4,762	84	2	Flat
£275K	10/20	0.82 mi	55, Holborn Road, London, Greater London E13 8PB	£5,392	51	2	Flat
£313K	07/23	0.91 mi	29, Gentry Gardens, London, Greater London E13 8BS	-	-	2	Flat
£292K	01/21	0.95 mi	1, Meredith Street, London, Greater London E13 0EG	£4,232	69	2	Flat
£290K	07/21	0.98 mi	5, Grange Road, London, Greater London E13 0EE	£4,328	67	2	Flat
£330K	02/21	1 mi	474b, Barking Road, Plaistow, London, Greater London E13 8QB	-	-	2	Flat
£300K	06/21	1.08 mi	11, Lacewing Close, London, Greater London E13 8AD	-	-	2	Flat
£320K	03/23	1.08 mi	30, Lacewing Close, London, Greater London E13 8AD	£4,324	74	2	Flat
£336.5K	12/22	1.08 mi	49, Tollgate Road, London, Greater London E16 3LB	£5,341	63	2	Flat
£1.1M	03/21	1.11 mi	47, Starboard Way, London, Greater London E16 2NZ	£4,508	244	2	Flat
£320K	10/20	1.12 mi	28, Memorial Avenue, London, Greater London E15 3BT	£5,079	63	2	Flat
£564K	02/21	1.14 mi	110, Barrier Point Road, London, Greater London E16 2SD	£7,139	79	2	Flat
£302.5K	11/20	1.14 mi	21, Holland Road, West Ham, London, Greater London E15 3BP	£5,216	58	2	Flat
£310K	11/20	1.14 mi	47, Durban Road, London, Greater London E15 3BW	£4,471	69	2	Flat
£437.5K	01/24	1.15 mi	Flat 220, Maurer Court, John Harrison Way, London, Greater London SE10 0SW	-	-	2	Flat
£290K	02/21	1.16 mi	Flat 3, Darwin Court, Balaam Street, London, Greater London E13 8RB	-	-	2	Flat
£365K	11/21	1.17 mi	1, Landon Walk, London, Greater London E14 0BH	£4,932	74	2	Flat
£540K	04/21	1.17 mi	182, Barrier Point Road, London, Greater London E16 2SE	£6,923	78	2	Flat
£325K	12/20	1.18 mi	Flat 34, Storey House, Cottage Street, London, Greater London E14 0HE	-	-	2	Flat
£540K	06/21	1.18 mi	143, Barrier Point Road, Silvertown, London, Greater London E16 2SE	£6,067	89	2	Flat
£425.1K	06/21	1.18 mi	171, Barrier Point Road, London, Greater London E16 2SE	£6,114	70	2	Flat
£514K	09/23	1.2 mi	Flat 103, Alamaro Lodge, Renaissance Walk, London, Greater London SE10 0QU	-	-	2	Flat
£295K	06/23	1.2 mi	80, Kerbey Street, London, Greater London E14 6AW	-	-	2	Flat
£340K	04/21	1.21 mi	76, Salmen Road, London, Greater London E13 0DT	£5,862	58	2	Flat
£492.5K	01/21	1.22 mi	197, Barrier Point Road, London, Greater London E16 2SF	£4,964	99	2	Flat
£570K	08/23	1.3 mi	Flat 28, Farnsworth Court, West Parkside, London, Greater London SE10 0QF	-	-	2	Flat
£290K	06/21	1.32 mi	6, Perth Road, Plaistow, London, Greater London E13 9DS	-	-	2	Flat
£375K	06/21	1.34 mi	32, Wards Wharf Approach, London, Greater London E16 2EY	£5,952	63	2	Flat
£436K	06/23	1.35 mi	Flat 73, Farnsworth Court, West Parkside, London, Greater London SE10 0RU	-	-	2	Flat
£620K	02/23	1.35 mi	37, Meridian Place, London, Greater London E14 9FE	£5,688	109	2	Flat
£475K	06/21	1.35 mi	2, Meridian Place, London, Greater London E14 9FE	-	-	2	Flat
£500K	06/21	1.35 mi	22, Meridian Place, London, Greater London E14 9FE	£6,579	76	2	Flat
£315K	01/23	1.35 mi	7, Agate Close, London, Greater London E16 3TU	£7,500	42	2	Flat
£160K	12/20	1.38 mi	Flat 66, Kilby Court, Southern Way, London, Greater London SE10 0PR	-	-	2	Flat
£193K	03/23	1.38 mi	Flat 28, Kelson House, Stewart Street, London, Greater London E14 3JQ	-	-	2	Flat
£375K	08/21	1.4 mi	14, Locksons Close, London, Greater London E14 6BH	£6,466	58	2	Flat
£292K	05/21	1.4 mi	10, Greencroft Close, London, Greater London E6 5SY	£5,148	57	2	Flat
£280K	01/23	1.41 mi	9, Greencroft Close, London, Greater London E6 5SY	£5,833	48	2	Flat
£326.8K	10/22	1.44 mi	6, Robin Crescent, London, Greater London E6 5XA	£4,105	80	2	Flat
£235K	05/21	1.44 mi	Flat 37, Willett House, Queens Road West, Plaistow, London, Greater London E13 0RX	-	-	2	Flat
£360K	07/22	1.45 mi	15, Fothergill Close, London, Greater London E13 0LJ	£6,000	60	2	Flat

Local Rents

51 rents from £1.8K/mo to £6.9K/mo, average is £2.2K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,895	03/24	0 mi	Jupiter House, 2 Turner Street, London	2	Flat
£2,250	04/24	0.01 mi	Mercury House, London, E16	2	Flat
£1,900	03/24	0.01 mi	-	2	Flat
£2,150	05/24	0.01 mi	-	2	Flat
£2,200	04/24	0.01 mi	-	2	Flat
£1,999	01/25	0.01 mi	-	2	Flat
£2,000	04/24	0.02 mi	Mercury House, 2 Jude Street, London, E16	2	Flat
£2,000	05/24	0.02 mi	Mercury House, 2 Jude Street, London, E16	2	Flat
£2,150	03/24	0.02 mi	506 Mercury House ,2 Jude Street, canning town, E16	2	Flat
£2,150	01/25	0.03 mi	-	2	Flat
£2,100	03/24	0.03 mi	Jude Street, London, E16	2	Flat
£2,175	03/24	0.03 mi	-	2	Flat
£2,100	04/24	0.03 mi	Mercury House 2 Jude Street E16	2	Flat
£2,275	03/25	0.03 mi	-	2	Flat
£3,100	03/25	0.03 mi	-	2	Flat
£2,250	03/24	0.04 mi	Jude Street, London, E16	2	Flat
£2,175	04/24	0.04 mi	Jude Street, Canning Town, E16 1FG	2	Flat
£1,842	05/24	0.04 mi	Mercury House, Canning Town, London, E16	2	Flat
£6,900	03/24	0.05 mi	Shirley Street, London, E16	2	Flat
£2,700	04/24	0.06 mi	Emily Street, London, E16	2	Flat
£2,200	05/24	0.06 mi	-	2	Flat
£2,300	04/25	0.07 mi	-	2	Flat
£2,100	05/24	0.07 mi	1 Hallsville Road, Canning Town, London, E16	2	Flat
£2,200	10/23	0.07 mi	The Sphere, Hallsville Road, London, E16	2	Flat
£2,167	03/24	0.07 mi	The Sphere, E16	2	Flat
£2,450	02/25	0.07 mi	-	2	Flat
£1,950	05/24	0.07 mi	The Sphere, Canning Town, London E16	2	Flat
£2,300	10/23	0.07 mi	Effra Gardens, Canning Town, E16	2	Flat
£2,000	12/24	0.08 mi	-	2	Flat
£2,000	01/25	0.08 mi	-	2	Flat
£2,350	02/25	0.08 mi	-	2	Flat
£2,350	03/24	0.08 mi	Centurion Tower, 5 Caxton Street North, Canning Town, London, E16	2	Flat
£2,350	05/24	0.08 mi	Centurion Tower, 5 Caxton Street North, Canning Town, London, E16	2	Flat
£2,150	04/24	0.08 mi	The Sphere, Hallsville Road, Canning Town, London, E16	2	Flat
£2,150	04/24	0.08 mi	The Sphere, Canning Town, London, E16	2	Flat
£2,100	05/24	0.09 mi	-	2	Flat
£2,100	05/24	0.09 mi	-	2	Flat
£2,100	05/24	0.09 mi	Quayside House, London, E16	2	Flat
£2,350	04/24	0.09 mi	-	2	Flat
£2,350	03/25	0.09 mi	-	2	Flat
£2,350	03/24	0.09 mi	London, London, E16	2	Flat
£2,513	03/24	0.1 mi	Effra Gardens, Brunel Street Works, E16 1QH	2	Flat
£2,800	01/25	0.1 mi	-	2	Flat
£2,600	05/24	0.1 mi	Peto Street North, London, E16	2	Flat
£2,495	05/24	0.1 mi	Peto Street North, London, E16	2	Flat
£2,850	04/25	0.1 mi	-	2	Flat
£2,990	03/24	0.11 mi	Thanet Tower, Caxton Street, E16, Canning Town, London, E16	2	Flat
£2,699	05/24	0.11 mi	-	2	Flat
£2,649	05/24	0.11 mi	-	2	Flat
£2,649	05/24	0.11 mi	Caxton Street North, London, E16	2	Flat
£2,500	05/24	0.11 mi	Caxton Street North, Canary Wharf, E16	2	Flat

Local Area Statistics

Population in E16	44,88044,880
Population in London	4,771,9214,771,921
Town centre distance	5.20 miles away5.20 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.22 miles away0.22 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 £400,000

March 4, 2025

Listed for £425,000

February 17, 2025

Floor Plans

Description

2 Bedrooms +
2 Bathrooms +
5th Floor +
Secure Parking +
Private Balcony +
24 Hour Concierge +
Communal Garden Space +

A spacious 2 bedroom, 2 bathroom apartment occupying the 5th floor of a contemporary purpose-built block. The flat spans approximately 739 square feet and consists of a principal double bedroom with an en-suite shower room and fitted wardrobes, a second double bedroom, an open-plan kitchen/living room with dual aspect views allowing lots of sunlight, which leads onto a private balcony. In addition, there is a family bathroom and a storage cupboard in the hallway.

The apartment has wooden flooring throughout and includes a secure allocated parking space. The development also has a lift, 24-hour concierge and video entry system.

The property is ideally located moments away from Canning Town Underground station, located 0.3 miles away, and Royal Victoria DLR located 0.5 miles away, in addition to local amenities nearby.

Agent Details

Benham & Reeves - Canary Wharf, Canary Wharf

020 3840 3810

Next Steps?

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

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