3 Bed Terraced House, Single Let, London, E16 3AE, £400,000

Elbury Drive, London, E16 3AE - 6 views - 23 days ago

BTL

ROI: 7%

~93 m²

+12 photos

ValuationUndervalued

Sold Prices	£332.5K - £610K
Sold Prices/m²	£3.5K/m² - £7K/m²

Square Metres	~93 m²
Price/m²	£4.3K/m²
Value Estimate	£481,025£481,025
BMV	20%

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	£2,300 - £4,500£2,300 - £4,500
Rent Estimate	£2,500
Running Costs/mo	£1,770£1,770
Cashflow/mo	£730£730
Cashflow/yr	£8,760£8,760
ROI	7%7%
Gross Yield	8%8%

Local Sold Prices

50 sold prices from £332.5K to £610K, average is £435K. £3.5K/m² to £7K/m², average is £5.3K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£435K	05/21	0.02 mi	6, Boreham Avenue, London, Greater London E16 3AG	£5,763	75	3	Terraced House
£436K	11/20	0.02 mi	50, Boreham Avenue, London, Greater London E16 3AG	£4,688	93	3	Terraced House
£425K	12/22	0.02 mi	5, Boreham Avenue, London, Greater London E16 3AG	-	-	3	Terraced House
£520K	01/23	0.14 mi	34, Murray Square, Custom House, London, Greater London E16 3AL	£6,193	84	3	Terraced House
£420K	11/20	0.15 mi	14, Pollard Close, London, Greater London E16 1LG	£5,122	82	3	Terraced House
£490K	06/21	0.19 mi	6, Appleby Road, London, Greater London E16 1LQ	-	-	3	Terraced House
£410K	04/21	0.24 mi	34, Bray Drive, London, Greater London E16 1LD	-	-	3	Terraced House
£505K	04/21	0.24 mi	29, Bray Drive, London, Greater London E16 1LD	-	-	3	Terraced House
£520K	10/22	0.28 mi	20, South Molton Road, London, Greater London E16 1PE	£5,909	88	3	Terraced House
£570K	12/22	0.32 mi	14, Scoulding Road, London, Greater London E16 1NT	-	-	3	Terraced House
£440K	10/20	0.34 mi	18, Ruscoe Road, London, Greater London E16 1JB	£5,641	78	3	Terraced House
£332.5K	12/22	0.39 mi	40, Devonshire Road, London, Greater London E16 3NB	£3,822	87	3	Terraced House
£415K	01/23	0.39 mi	21, Gresham Road, East Ham, London, Greater London E16 3DU	-	-	3	Terraced House
£590K	03/21	0.4 mi	1, De Quincey Mews, London, Greater London E16 1SU	£5,675	104	3	Terraced House
£610K	01/23	0.4 mi	6, Capulet Mews, London, Greater London E16 1SQ	£6,100	100	3	Semi-Detached House
£360K	03/23	0.41 mi	64, Varley Road, London, Greater London E16 3NS	-	-	3	Terraced House
£391K	11/20	0.41 mi	92, Varley Road, London, Greater London E16 3NS	£5,013	78	3	Terraced House
£590K	05/21	0.41 mi	7, Hanover Avenue, London, Greater London E16 1SD	-	-	3	Terraced House
£535K	03/21	0.42 mi	69, Varley Road, London, Greater London E16 3NR	-	-	3	Terraced House
£478K	03/21	0.42 mi	103, Varley Road, London, Greater London E16 3NR	£6,289	76	3	Terraced House
£600K	10/22	0.42 mi	14, Fairfax Mews, London, Greater London E16 1TY	£5,363	112	3	Terraced House
£604K	12/20	0.43 mi	8, Constable Avenue, London, Greater London E16 1TZ	£6,101	99	3	Terraced House
£380K	01/21	0.44 mi	2, Mortlake Road, London, Greater London E16 3NT	£5,846	65	3	Terraced House
£425K	06/21	0.44 mi	61, Shipman Road, London, Greater London E16 3DT	-	-	3	Terraced House
£475K	11/22	0.45 mi	11, Beaulieu Avenue, London, Greater London E16 1TS	£6,981	68	3	Terraced House
£468K	10/22	0.49 mi	29, Evelyn Road, London, Greater London E16 1TU	-	-	3	Semi-Detached House
£470K	12/22	0.53 mi	6, Bernard Cassidy Street, London, Greater London E16 4DB	£5,209	90	3	Terraced House
£555K	02/21	0.54 mi	3, Eclipse Road, London, Greater London E13 8LX	£6,307	88	3	Terraced House
£570K	04/21	0.59 mi	32, Boxley Street, London, Greater London E16 2AN	£5,135	111	3	Terraced House
£460K	01/21	0.59 mi	58, Boxley Street, London, Greater London E16 2AN	£4,685	98	3	Terraced House
£435K	03/23	0.63 mi	52, Hayday Road, London, Greater London E16 4AZ	-	-	3	Terraced House
£395K	07/21	0.64 mi	30, Malmesbury Terrace, London, Greater London E16 4PL	£4,158	95	3	Terraced House
£400K	05/21	0.65 mi	31, Avenons Road, London, Greater London E13 8HU	£4,444	90	3	Terraced House
£435K	02/23	0.65 mi	44, Young Road, London, Greater London E16 3RR	-	-	3	Terraced House
£413K	06/21	0.65 mi	249, Newhaven Lane, London, Greater London E16 4HJ	£4,586	90	3	Terraced House
£435K	05/21	0.66 mi	106, Cumberland Road, London, Greater London E13 8LR	£4,439	98	3	Terraced House
£435K	11/20	0.67 mi	54, Avenons Road, London, Greater London E13 8HT	-	-	3	Terraced House
£360K	02/21	0.68 mi	37, Westport Road, London, Greater London E13 8NW	£5,070	71	3	Terraced House
£461K	12/21	0.69 mi	7, Seaton Close, London, Greater London E13 8JJ	£4,308	107	3	Terraced House
£447K	03/21	0.71 mi	46, Botha Road, London, Greater London E13 8PQ	£5,731	78	3	Terraced House
£410K	06/21	0.72 mi	70, Colman Road, London, Greater London E16 3LY	£3,534	116	3	Terraced House
£411K	07/23	0.72 mi	35, Palmer Road, London, Greater London E13 8NU	-	-	3	Terraced House
£405K	02/21	0.73 mi	24, Palmer Road, London, Greater London E13 8NT	£5,704	71	3	Terraced House
£360K	07/23	0.73 mi	33, Garfield Road, London, Greater London E13 8EN	£6,207	58	3	Terraced House
£350K	03/21	0.73 mi	9, Randolph Approach, London, Greater London E16 3HU	-	-	3	Terraced House
£380K	05/21	0.74 mi	1, Ohio Road, London, Greater London E13 8EL	£4,578	83	3	Semi-Detached House
£380K	09/21	0.76 mi	66, Jenkins Road, London, Greater London E13 8NP	-	-	3	Terraced House
£465K	01/21	0.77 mi	18, Percy Road, London, Greater London E16 4RB	-	-	3	Terraced House
£380K	03/21	0.78 mi	6, Adine Road, London, Greater London E13 8LL	£4,868	78	3	Terraced House
£480K	01/23	0.79 mi	7, Birch Close, London, Greater London E16 4QW	£5,581	86	3	Terraced House

Local Rents

50 rents from £2.3K/mo to £4.5K/mo, average is £3K/mo.

Rent	Date	Distance	Address	Beds	Type
£2,350	03/25	0.05 mi	-	3	Flat
£3,190	12/24	0.06 mi	-	3	Flat
£2,300	03/24	0.13 mi	-	3	Terraced House
£2,995	04/24	0.16 mi	The Oxygen Apartments, Royal Victoria Dock, E16	3	Flat
£2,700	05/24	0.16 mi	Ivy Point, 5 Hannaford Walk, Bromley by Bow, London, E3 3TF	3	Flat
£3,500	03/24	0.16 mi	Seagull Lane, London, E16	3	Flat
£3,250	04/24	0.16 mi	Galleria House, London, E16	3	Flat
£3,000	04/24	0.16 mi	Atlantic Apartments, Capital East, London, E16	3	Flat
£2,950	04/24	0.16 mi	Atlantic Apartments, Capital East, London, E16	3	Flat
£2,860	03/24	0.17 mi	Westgate Apartments, 18 Western Gateway, Royal Victoria Docks, London, E16 1BN	3	Flat
£2,708	04/24	0.17 mi	Westgate Apartments, 18 Western Gateway, Royal Victoria Docks, London, E16 1BN	3	Flat
£2,643	05/24	0.17 mi	Westgate Apartments, 18 Western Gateway, Royal Victoria Docks, London, E16 1BN	3	Flat
£3,500	04/24	0.17 mi	-	3	Flat
£3,150	03/25	0.17 mi	-	3	Flat
£3,000	03/24	0.18 mi	Atlantic Apartments, E16	3	Flat
£3,000	04/24	0.18 mi	Atlantic Apartments, E16	3	Flat
£2,950	05/24	0.18 mi	Atlantic Apartments, E16	3	Flat
£2,950	05/24	0.18 mi	Atlantic Apartments, E16	3	Flat
£2,925	05/24	0.18 mi	Seagull Lane London E16	3	Flat
£2,750	04/24	0.18 mi	-	3	Flat
£2,795	03/24	0.18 mi	Westgate Apartments, 18 Western Gateway, Royal Victoria Docks, London, E16 1BN	3	Flat
£4,500	02/25	0.18 mi	-	3	Semi-Detached House
£2,850	04/24	0.19 mi	-	3	Flat
£2,817	04/24	0.19 mi	-	3	Flat
£2,817	05/24	0.19 mi	-	3	Flat
£2,990	03/25	0.19 mi	-	3	Flat
£2,775	02/25	0.19 mi	-	3	Flat
£2,817	03/24	0.19 mi	Westgate Apartments, 14 Western Gateway, Excel, Royal Victoria Docks, London, E16 1BN	3	Flat
£2,700	03/24	0.19 mi	Western Gateway, E16	3	Flat
£4,500	05/24	0.21 mi	Balearic Apartments, 15 Western Gateway, London, Greater London, E16	3	Flat
£3,300	01/25	0.21 mi	-	3	Flat
£2,900	02/25	0.21 mi	-	3	Flat
£3,000	04/24	0.22 mi	Western Gateway, London, E16	3	Flat
£3,250	05/24	0.22 mi	Western Gateway, London, E16	3	Flat
£3,250	05/24	0.22 mi	Western Gateway, London, E16	3	Flat
£2,900	03/24	0.23 mi	-	3	Flat
£3,350	03/24	0.23 mi	-	3	Flat
£2,795	03/24	0.24 mi	Capital East Apartments, Royal Victoria Docks, Canary Wharf, London, E16 1AS	3	Flat
£2,773	03/24	0.24 mi	Capital East Apartments, Royal Victoria Docks, Canary Wharf, London, E16 1AS	3	Flat
£2,708	05/24	0.24 mi	Capital East Apartments, Royal Victoria Docks, Canary Wharf, London, E16 1AS	3	Flat
£3,000	03/24	0.24 mi	Gateway Tower, 28 Western Gateway, Royal Victoria, London, E16	3	Flat
£3,300	04/24	0.24 mi	Gateway Tower, 28 Western Gateway, Royal Victoria, London, E16	3	Flat
£2,875	05/24	0.24 mi	Gateway Tower, 28 Western Gateway, Royal Victoria, London, E16	3	Flat
£2,875	05/24	0.24 mi	Gateway Tower, 28 Western Gateway, Royal Victoria, London, E16	3	Flat
£3,150	03/24	0.24 mi	Western Gateway, London, E16	3	Flat
£3,250	03/24	0.24 mi	-	3	Flat
£3,000	04/24	0.25 mi	Alaska Apartments, Capital East, London, E16	3	Flat
£2,500	04/24	0.26 mi	-	3	Semi-Detached House
£2,500	03/24	0.26 mi	Tarling Road, London, E16	3	Semi-Detached House
£3,400	03/24	0.27 mi	3 Tidal Basin Road, London, E16	3	Flat

Local Area Statistics

Population in E16	44,88044,880
Population in London	4,771,9214,771,921
Town centre distance	5.56 miles away5.56 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.17 miles away0.17 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 £400,000

March 11, 2025

Floor Plans

Description

A three bedroom period house situated moments from Canning Town station. This wonderful property boast three bedrooms, and a first floor bathroom w.c. The ground floor has an open plan lounge which opens onto a kitchen area and is completed by a ground floor w.c. The is a sizable rear garden with a brick built outhouse. The property is situated only short walk from Canning Town station offering excellent transport links to Canary Wharf and the City, as well as the array of bars, restaurants, and shops they have to offer. Canning town has been undergoing huge regeneration and with the recent arrival of Crossrail, this can only greatly enhance all the benefits of living in such a fantastic location, with DLR, Tube Jubilee line and Elizabeth line/ Crossrail with direct connection to Heathrow airport. City Airport is also nearby. North Greenwich and The O2 Greenwich is accessible via cable cars at the Royal Victoria Docks which is walking distance.

Agent Details

Bairstow Eves, Stratford

020 3873 5835

Next Steps?

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

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