2 Bed Flat, Single Let, London, E15 1DU, £625,000

Great Eastern Road London E15 1DU - 2 months ago

Leasehold

BTL

~68 m²

+15 photos

ValuationOvervalued

Sold Prices	£200K - £447.5K
Sold Prices/m²	£2.6K/m² - £8.8K/m²

Square Metres	~68.11 m²
Price/m²	£9.2K/m²
Value Estimate	£401,506£401,506

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£156,250£156,250
Stamp Duty & Legal Fees	£51,200£51,200
Total Cash In	£207,450£207,450

Cash Out
Rent Range	£2,100 - £2,860£2,100 - £2,860
Rent Estimate	£1,797
Running Costs/mo	£2,333£2,333
Cashflow/mo	£-536£-536
Cashflow/yr	£-6,426£-6,426
Gross Yield	3%3%

Local Sold Prices

39 sold prices from £200K to £447.5K, average is £346K. £2.6K/m² to £8.8K/m², average is £6K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£390K	06/21	0.17 mi	6, Gerry Raffles Square, London, Greater London E15 1BG	-	-	2	Flat
£380K	06/21	0.17 mi	31, Gerry Raffles Square, London, Greater London E15 1BG	£6,909	55	2	Flat
£415K	01/21	0.18 mi	119, Gerry Raffles Square, London, Greater London E15 1BQ	£5,895	70	2	Flat
£365K	06/23	0.18 mi	9, Chopwell Close, London, Greater London E15 4RP	£6,655	55	2	Flat
£367K	10/21	0.27 mi	1b, Aldworth Road, London, Greater London E15 4DN	£6,673	55	2	Flat
£385K	02/21	0.27 mi	1a, Aldworth Road, London, Greater London E15 4DN	£7,404	52	2	Flat
£341.5K	06/21	0.27 mi	1d, Aldworth Road, London, Greater London E15 4DN	£6,969	49	2	Flat
£400K	12/22	0.36 mi	1, Barnby Street, London, Greater London E15 4PY	£5,405	74	2	Flat
£325K	08/21	0.36 mi	9, Barnby Street, London, Greater London E15 4PY	£4,851	67	2	Flat
£335K	08/21	0.39 mi	1, Waddington Street, London, Greater London E15 1QJ	-	-	2	Flat
£275K	06/21	0.51 mi	Flat 5, Stafford Morris House, Church Street, Stratford, London, Greater London E15 3JY	-	-	2	Flat
£372.5K	06/23	0.54 mi	79, Otter Close, London, Greater London E15 2PT	£4,862	77	2	Flat
£353K	02/21	0.55 mi	100, Otter Close, London, Greater London E15 2PX	£6,193	57	2	Flat
£330K	01/23	0.57 mi	96, Maryland Street, London, Greater London E15 1JD	£6,542	50	2	Flat
£275K	08/21	0.57 mi	2, Otter Close, London, Greater London E15 2PZ	£4,661	59	2	Flat
£367K	06/21	0.57 mi	8, Otter Close, London, Greater London E15 2PZ	£6,016	61	2	Flat
£370K	04/21	0.57 mi	43, Otter Close, London, Greater London E15 2PZ	£6,736	55	2	Flat
£330K	10/20	0.6 mi	20, Bisson Road, London, Greater London E15 2RD	£5,000	66	2	Flat
£305K	04/23	0.64 mi	100b, Portway, London, Greater London E15 3QJ	£6,100	50	2	Flat
£380K	06/21	0.64 mi	55b, Carnarvon Road, London, Greater London E15 4JW	£8,837	43	2	Flat
£435K	01/21	0.66 mi	128, Chobham Road, London, Greater London E15 1LZ	-	-	2	Flat
£285K	05/23	0.67 mi	2d, Chobham Road, London, Greater London E15 1LU	£6,271	45	2	Flat
£410K	01/23	0.71 mi	61b, Albert Square, London, Greater London E15 1HJ	-	-	2	Flat
£406K	02/21	0.74 mi	4a, Bolton Road, London, Greater London E15 4JY	£6,548	62	2	Flat
£200K	03/23	0.78 mi	25, Carroll Close, London, Greater London E15 1RS	£2,597	77	2	Flat
£265K	02/23	0.78 mi	28, Carroll Close, London, Greater London E15 1RS	£3,487	76	2	Flat
£375K	03/23	0.78 mi	19, Gawsworth Close, London, Greater London E15 1RT	£4,213	89	2	Flat
£320K	08/22	0.8 mi	2a, Stork Road, London, Greater London E7 9HR	£8,421	38	2	Flat
£320K	12/22	0.8 mi	3, Globe Road, London, Greater London E15 1RF	-	-	2	Flat
£325K	02/23	0.81 mi	28, Knox Road, London, Greater London E7 9HW	£6,771	48	2	Flat
£324K	01/23	0.81 mi	23, Janson Close, London, Greater London E15 1TF	£4,467	73	2	Flat
£332.5K	05/21	0.82 mi	39, Hatfield Road, London, Greater London E15 1RA	£6,045	55	2	Flat
£345K	06/21	0.83 mi	24, Park Road, London, Greater London E15 3QP	£5,476	63	2	Flat
£310K	11/20	0.87 mi	47, Durban Road, London, Greater London E15 3BW	£4,471	69	2	Flat
£302.5K	11/20	0.88 mi	21, Holland Road, West Ham, London, Greater London E15 3BP	£5,216	58	2	Flat
£346K	06/21	0.89 mi	75, Stratford Road, London, Greater London E13 0JN	£4,873	71	2	Flat
£365K	02/23	0.91 mi	47a, Earlham Grove, London, Greater London E7 9AN	£4,740	77	2	Flat
£353K	07/23	0.94 mi	177a, Ham Park Road, London, Greater London E7 9LG	£5,439	65	2	Flat
£447.5K	04/23	0.97 mi	Flat A, 122, Leslie Road, London, Greater London E11 4HG	-	-	2	Flat

Local Rents

50 rents from £2.1K/mo to £2.9K/mo, average is £2.6K/mo.

Rent	Date	Distance	Address	Beds	Type
£2,699	03/24	0 mi	Great Eastern Road, Stratford, E15	2	Flat
£2,817	04/24	0 mi	Stratosphere Tower, Great Eastern Road, Stratford E15	2	Flat
£2,500	03/24	0 mi	Stratosphere Tower, Stratford E15	2	Flat
£2,425	03/24	0 mi	Great Eastern Road London E15	2	Flat
£2,650	03/24	0 mi	Great Eastern Road London E15	2	Flat
£2,700	03/24	0 mi	Stratosphere Tower, London E15	2	Flat
£2,500	03/24	0 mi	Great Eastern Road, London, E15	2	Flat
£2,700	04/24	0 mi	Stratosphere Tower, Stratford E15	2	Flat
£2,595	03/24	0.01 mi	Stratosphere Tower, Stratford E15	2	Flat
£2,773	04/24	0.01 mi	-	2	Flat
£2,817	04/24	0.01 mi	-	2	Flat
£2,575	02/25	0.01 mi	-	2	Flat
£2,708	04/25	0.01 mi	-	2	Flat
£2,700	04/25	0.01 mi	-	2	Flat
£2,600	04/25	0.01 mi	-	2	Flat
£2,708	03/25	0.01 mi	-	2	Flat
£2,600	04/25	0.01 mi	-	2	Flat
£2,600	04/25	0.01 mi	-	2	Flat
£2,600	04/24	0.01 mi	Stratosphere Tower, Stratford, E15	2	Flat
£2,400	03/24	0.01 mi	Stratosphere Tower, 55 Great Eastern Road, Stratford, London, E15	2	Flat
£2,557	04/24	0.01 mi	-	2	Flat
£2,750	05/24	0.01 mi	-	2	Flat
£2,595	12/24	0.01 mi	-	2	Flat
£2,752	12/24	0.01 mi	-	2	Flat
£2,225	02/25	0.01 mi	-	2	Flat
£2,650	03/25	0.01 mi	-	2	Flat
£2,708	04/25	0.01 mi	-	2	Flat
£2,600	04/24	0.01 mi	Stratosphere Tower, Stratford, E15	2	Flat
£2,500	12/24	0.01 mi	-	2	Flat
£2,700	04/24	0.02 mi	Azure Building, London, E15	2	Flat
£2,800	03/24	0.02 mi	-	2	Flat
£2,800	02/25	0.02 mi	-	2	Flat
£2,510	03/24	0.03 mi	Unex Tower, London, E15	2	Flat
£2,510	04/24	0.03 mi	Unex Tower, London, E15	2	Flat
£2,510	04/24	0.03 mi	-	2	Flat
£2,800	03/25	0.03 mi	-	2	Flat
£2,860	04/25	0.03 mi	-	2	Flat
£2,800	04/24	0.04 mi	Unex Tower, Station Street, London E15	N/A	House
£2,650	03/24	0.04 mi	Station Street London E15	2	Flat
£2,550	03/24	0.04 mi	Station Street London E15	2	Flat
£2,750	03/24	0.04 mi	Station Street London E15	2	Flat
£2,600	04/24	0.04 mi	Unex Tower, London, E15	2	Flat
£2,700	04/24	0.04 mi	Station Street, London, E15	2	Flat
£2,800	04/24	0.04 mi	Unex Tower, 7 Station Street, London, E15	2	Flat
£2,687	04/25	0.06 mi	-	2	Flat
£2,100	05/24	0.1 mi	Jupp Road, London, E15	2	Flat
£2,100	05/24	0.1 mi	Adrian House, Jupp Road, Stratford, E15	2	Flat
£2,100	02/24	0.1 mi	-	2	Flat
£2,300	04/25	0.1 mi	-	2	Flat
£2,200	05/24	0.12 mi	Jupp Road, Stratford, London, E15	2	Flat

Local Area Statistics

Population in E15	52,19952,199
Population in London	4,771,9214,771,921
Town centre distance	4.59 miles away4.59 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.13 miles away0.13 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+16%+16%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+22%+22%

Property History

Listed for £625,000

February 25, 2025

Floor Plans

Description

Two Bedrooms +
Two Bathrooms +
Secure development +
24th floor +
24 Hour concierge +
Residential gym +
Residential lounge with Wi-fi +
0.1 mile from Stratford Station +
Approx. 792 sq. ft (73.6 sq. m) +
EPC: B +

This bright, spacious and ultra modern 24th floor 2 double bedroom apartment is located within Stratosphere Tower E15 where you are a 0.1 mile walk to Stratford Station. Residents further benefit access to a 24hr concierge service, private residents' roof-top gymnasium and Wi-Fi lounge.

Comprising entrance hall with ample storage, 2 double bedrooms, 2 bathrooms (en suite to master bedroom), modern and fully fitted kitchen and large living room with views towards Stratford City. The property benefits underfloor heating, handle less fitted units from designer Urban Myth, stone worktops, Smeg appliances. Kitchen, living room & hallway in quality wood strip laminate, bedrooms carpeted in a neutral colour tone. Bath with thermostatic rain shower mixer & glazed screen, contemporary ceramic tiling, large vanity mirror, bespoke cabinetry with built in storage & low voltage socket and two towel rails. Wardrobes to master bedroom with mirrored doors.

Stratosphere Tower is one of Stratford's most iconic developments which completed for occupation in 2019 and benefits from a 24 hour concierge service, 36th floor private residents' roof-top garden, gymnasium and Wi-Fi lounge.

Residents are also a few minutes walk from the famous Chobham Manor/East Village area offering an abundance of cafes, restaurants and shops, world-class sporting facilities and easy access to Westfield. Stratford Station and Stratford International are also a short walk away with connections from TFL, Crossrail and National Rail including: St. Pancras International & Kings Cross, Stratford International DLR station & Canary Wharf and London City Airport.

Years remaining on lease: 992, Service charge: £4,286.12pa, Ground rent: £450pa, Council tax band: D To check broadband and mobile phone coverage please visit Ofcom here ofcom.org.uk/phones-telecoms-and-internet/advice-for-consumers/advice/ofcom-checker

Agent Details

JLL, Stratford

020 3909 6739

Next Steps?

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

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ValuationOvervalued

CashflowsOpen in Analyser

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Local RentsDownload Show map

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Local Area Statistics

Property History

Floor Plans

Description

Agent Details

Next Steps?

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Local Sold Prices

Local Rents