2 Bed Flat, Single Let, London, E16 1DE, £450,000

221B Unit B 20 Western Gateway, Royal Victoria Dock, London, E16 1BS - a month ago

Leasehold

BTL

ROI: 2%

~68 m²

+2 photos

ValuationOvervalued

Sold Prices	£260K - £1.1M
Sold Prices/m²	£3.8K/m² - £7.1K/m²

Square Metres	~68.11 m²
Price/m²	£6.6K/m²
Value Estimate	£367,265£367,265

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£112,500£112,500
Stamp Duty & Legal Fees	£33,700£33,700
Total Cash In	£146,200£146,200

Cash Out
Rent Range	£1,900 - £2,850£1,900 - £2,850
Rent Estimate	£2,018
Running Costs/mo	£1,830£1,830
Cashflow/mo	£188£188
Cashflow/yr	£2,258£2,258
ROI	2%2%
Gross Yield	5%5%

Local Sold Prices

20 sold prices from £260K to £1.1M, average is £351.6K. £3.8K/m² to £7.1K/m², average is £5.4K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£366.5K	04/21	0.15 mi	22, Bray Drive, London, Greater London E16 1LD	£6,664	55	2	Flat
£300K	01/21	0.35 mi	51, Thorne Close, London, Greater London E16 1LP	£4,688	64	2	Flat
£300K	01/21	0.35 mi	51, Thorne Close, London, Greater London E16 1LP	£4,688	64	2	Flat
£332K	09/21	0.5 mi	Flat 7, Manchester Court, Garvary Road, London, Greater London E16 3GZ	-	-	2	Flat
£287K	06/21	0.74 mi	111, Cambus Road, London, Greater London E16 4AX	£5,740	50	2	Flat
£1.1M	03/21	0.77 mi	47, Starboard Way, London, Greater London E16 2NZ	£4,508	244	2	Flat
£564K	02/21	0.8 mi	110, Barrier Point Road, London, Greater London E16 2SD	£7,139	79	2	Flat
£540K	04/21	0.83 mi	182, Barrier Point Road, London, Greater London E16 2SE	£6,923	78	2	Flat
£275K	10/20	0.83 mi	55, Holborn Road, London, Greater London E13 8PB	£5,392	51	2	Flat
£400K	08/22	0.84 mi	65a, New Barn Street, London, Greater London E13 8JY	£4,762	84	2	Flat
£540K	06/21	0.84 mi	143, Barrier Point Road, Silvertown, London, Greater London E16 2SE	£6,067	89	2	Flat
£425.1K	06/21	0.84 mi	171, Barrier Point Road, London, Greater London E16 2SE	£6,114	70	2	Flat
£300K	03/23	0.85 mi	42, Luton Road, London, Greater London E13 8HD	£3,750	80	2	Flat
£336.7K	03/21	0.85 mi	32, Luton Road, London, Greater London E13 8HD	£4,430	76	2	Flat
£297.5K	10/22	0.85 mi	22, Luton Road, London, Greater London E13 8HD	£6,071	49	2	Flat
£260K	07/22	0.87 mi	3, King Street, London, Greater London E13 8DB	£5,417	48	2	Flat
£492.5K	01/21	0.88 mi	197, Barrier Point Road, London, Greater London E16 2SF	£4,964	99	2	Flat
£437.5K	01/24	0.92 mi	Flat 220, Maurer Court, John Harrison Way, London, Greater London SE10 0SW	-	-	2	Flat
£336.5K	12/22	0.97 mi	49, Tollgate Road, London, Greater London E16 3LB	£5,341	63	2	Flat
£514K	09/23	0.97 mi	Flat 103, Alamaro Lodge, Renaissance Walk, London, Greater London SE10 0QU	-	-	2	Flat

Local Rents

50 rents from £1.9K/mo to £2.9K/mo, average is £2.4K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,950	04/24	0.03 mi	Oceanis Apartments, London, E16	2	Flat
£2,300	03/24	0.03 mi	-	2	Flat
£1,950	05/24	0.03 mi	-	2	Flat
£2,145	03/24	0.03 mi	Oceanis Appartments, 19 Seagull Lane, Royal Victoria Docks, Canary Wharf, London, E16 1BY	2	Flat
£2,100	04/25	0.03 mi	-	2	Flat
£2,350	01/25	0.03 mi	-	2	Flat
£2,383	04/24	0.03 mi	Adriatic Apartment, Western Gateway, Royal Victoria Docks, London, E16 1BT	2	Flat
£2,000	03/24	0.03 mi	Docklands Excel, London, E16	2	Flat
£1,950	04/24	0.03 mi	Oceanis Apartments, Seagull Lane, London E16	2	Flat
£2,750	03/25	0.03 mi	-	2	Flat
£2,500	03/25	0.03 mi	-	2	Flat
£2,850	01/25	0.04 mi	-	2	Flat
£2,300	03/24	0.04 mi	Adriatic Apartments, 20 Western Gateway, Royal Victoria, London, E16	2	Flat
£2,500	03/24	0.04 mi	Alaska Apartments, 22 Western Gateway, Royal Victoria, London, E16	2	Flat
£2,400	05/24	0.04 mi	Alaska Apartments, Royal Victoria Dock,16	2	Flat
£2,400	04/24	0.05 mi	Alaska Apartments, Western Gateway E16	2	Flat
£2,817	03/24	0.05 mi	Seagull Lane, Royal Docks, London, E16	2	Flat
£2,000	04/24	0.05 mi	Rathbone Market, Canning Town, London, E16	2	Flat
£2,575	04/24	0.05 mi	Nautilus Apartments, Canning Town, London, E16	2	Flat
£2,575	05/24	0.05 mi	Nautilus Apartments, Canning Town, London, E16	2	Flat
£2,492	05/24	0.05 mi	Oxygen Apartments, Western Gateway, Royal Victoria Docks, E16	2	Flat
£2,340	04/24	0.05 mi	Oxygen Building, 18 Western Gateway, Royal Victoria, Canary Wharf, E16 1BL	2	Flat
£2,253	04/24	0.06 mi	The Oxygen, 18 Western Gateway	2	Flat
£2,750	04/24	0.06 mi	The Oxygen Apartments, Royal Victoria Dock, E16	2	Flat
£2,250	05/24	0.06 mi	The Oxygen Apartments, Royal Victoria Dock, E16	2	Flat
£1,900	04/24	0.06 mi	The Oxygen, London, E16	2	Flat
£1,900	04/24	0.06 mi	-	2	Flat
£2,200	04/24	0.07 mi	The Oxygen, Royal Docks, E16	2	Flat
£2,500	04/24	0.08 mi	Gateway Tower, 28 Western Gateway, Royal Victoria, London, E16	2	Flat
£2,400	05/24	0.08 mi	Gateway Tower, 28 Western Gateway, Royal Victoria, London, E16	2	Flat
£2,350	03/24	0.09 mi	Gateway Tower, 28 Western Gateway, Royal Victoria, London, E16	2	Flat
£2,400	05/24	0.09 mi	Gateway Tower, 28 Western Gateway, London, E16	2	Flat
£2,450	03/24	0.09 mi	Gateway Tower, 28 Western Gateway, London, E16	2	Flat
£2,300	03/24	0.09 mi	Western Gateway, London	2	House
£2,350	03/24	0.09 mi	Gateway Tower, 28 Western Gateway, Royal Victoria, London, E16	2	Flat
£2,500	03/24	0.09 mi	Gateway Tower, 28 Western Gateway, Royal Victoria, London, E16	2	Flat
£2,550	04/24	0.11 mi	Hoola, East Tower, Royal Docks, E16	2	Flat
£2,500	02/24	0.11 mi	-	2	Flat
£2,500	04/24	0.12 mi	1 Tidal Basin Road, London, E16	2	Flat
£2,500	04/24	0.12 mi	3 Tidal Basin Road, London, E16	2	Flat
£2,200	05/24	0.12 mi	1 Tidal Basin Road, London, E16	2	Flat
£2,800	02/25	0.12 mi	-	2	Flat
£2,400	05/24	0.12 mi	3 Tidal Basin Road, Royal Victoria, London, E16	2	Flat
£2,500	04/24	0.12 mi	Balearic Apartments Western Gateway E16	2	Flat
£2,450	03/25	0.13 mi	-	2	Flat
£2,695	02/25	0.13 mi	-	2	Flat
£2,800	04/25	0.13 mi	-	2	Flat
£2,800	02/25	0.13 mi	-	2	Flat
£2,500	03/25	0.13 mi	-	2	Flat
£2,400	03/24	0.13 mi	Hoola East Tower, 3 Tidal Basin Way, E16	2	Flat

Local Area Statistics

Population in E16	44,88044,880
Population in London	4,771,9214,771,921
Town centre distance	5.50 miles away5.50 miles away
Nearest school	0.30 miles away0.30 miles away
Nearest train station	0.03 miles away0.03 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

Listed for £450,000

February 28, 2025

Floor Plans

Description

24-hour concierge service for convenience and security +
Communal gym exclusively for residents +
Moments from Royal Victoria Dock, Canary Wharf, and Barrier Park +
Close to ExCeL London, The Siemens Crystal, and The O2 Arena +
Excellent transport links with Royal Victoria DLR nearby, providing quick access to the City, Canary Wharf, and the West End +

Set within a highly sought-after waterside development in Royal Victoria Dock, this superb two-bedroom apartment offers contemporary living with an abundance of natural light, stylish interiors, and breathtaking views. Designed with modern city living in mind, the property features an expansive open-plan reception, kitchen, and dining area, enhanced by striking double-height glazing that floods the space with sunlight. The modern fitted kitchen is thoughtfully designed with sleek cabinetry, integrated appliances, and generous storage, making it a perfect setting for both cooking and entertaining.

The principal bedroom is spacious and benefits from a luxurious en-suite bathroom, while the second bedroom is equally well-proportioned and is served by a stylish separate bathroom. A private balcony offers uninterrupted views, providing an idyllic outdoor retreat to enjoy the stunning surroundings. The development itself is renowned for its premium on-site facilities, including a fully equipped residents' gym, 24-hour concierge service, and secure entry, ensuring both convenience and peace of mind.

Located just moments from the vibrant Royal Victoria Dock, the apartment enjoys easy access to an array of restaurants, cafés, and bars, while nearby attractions include ExCeL London, The Siemens Crystal, and The Emirates Cable Car, offering a unique connection to The O2 Arena in just over three minutes. The picturesque Thames riverside and Barrier Park provide beautiful open spaces, perfect for leisurely strolls or outdoor activities.

Agent Details

Madison Brook, Docklands

020 3872 3457

Next Steps?

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

Similar Properties

Like this property? Maybe you'll like these ones close by too.