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

The Grainstore, 3 Seagull Lane, London, Greater London, E16 1AZ - 23 days ago

Leasehold
BTL
ROI: 1%
~68 m²
+13 photos

ValuationOvervalued

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

 

 

Square Metres

~68.11 m²
Price/m²£6.6K/m²

Value Estimate

£368,934

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£112,500

Stamp Duty & Legal Fees

£36,200

Total Cash In

£148,700

 

 

Cash Out

 

Rent Range

£1,900 - £2,800

Rent Estimate

£1,913

Running Costs/mo

£1,809

Cashflow/mo

£104

Cashflow/yr

£1,250

ROI

1%

Gross Yield

5%

Local Sold Prices

23 sold prices from £260K to £1.1M, average is £336.5K. £3.8K/m² to £7.5K/m², average is £5.4K/m².

PriceDateDistanceAddressBeds 
£332K09/210.3 miFlat 7, Manchester Court, Garvary Road, London, Greater London E16 3GZ2
£366.5K04/210.37 mi22, Bray Drive, London, Greater London E16 1LD2
£300K01/210.44 mi51, Thorne Close, London, Greater London E16 1LP2
£300K01/210.44 mi51, Thorne Close, London, Greater London E16 1LP2
£1.1M03/210.63 mi47, Starboard Way, London, Greater London E16 2NZ2
£564K02/210.66 mi110, Barrier Point Road, London, Greater London E16 2SD2
£540K04/210.7 mi182, Barrier Point Road, London, Greater London E16 2SE2
£287K06/210.71 mi111, Cambus Road, London, Greater London E16 4AX2
£540K06/210.71 mi143, Barrier Point Road, Silvertown, London, Greater London E16 2SE2
£425.1K06/210.71 mi171, Barrier Point Road, London, Greater London E16 2SE2
£275K10/200.72 mi55, Holborn Road, London, Greater London E13 8PB2
£492.5K01/210.75 mi197, Barrier Point Road, London, Greater London E16 2SF2
£336.5K12/220.78 mi49, Tollgate Road, London, Greater London E16 3LB2
£400K08/220.78 mi65a, New Barn Street, London, Greater London E13 8JY2
£375K06/210.83 mi32, Wards Wharf Approach, London, Greater London E16 2EY2
£315K01/230.87 mi7, Agate Close, London, Greater London E16 3TU2
£300K03/230.89 mi42, Luton Road, London, Greater London E13 8HD2
£336.7K03/210.89 mi32, Luton Road, London, Greater London E13 8HD2
£297.5K10/220.89 mi22, Luton Road, London, Greater London E13 8HD2
£260K07/220.89 mi3, King Street, London, Greater London E13 8DB2
£437.5K01/241 miFlat 220, Maurer Court, John Harrison Way, London, Greater London SE10 0SW2
£292K05/211 mi10, Greencroft Close, London, Greater London E6 5SY2
£280K01/231 mi9, 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 
£1,90005/240.01 miThe Grainstore, Western Gateway, E162
£2,15003/240.01 miThe Grainstore, Western Gateway, London2
£2,23005/240.02 miThe Grainstore, Royal Victoria Dock, E162
£1,98004/240.02 mi-2
£1,98004/240.02 miWestern Gateway, London, E162
£2,23004/240.03 miThe Grainstore, Royal Docks, London, E162
£2,50005/240.04 mi3 Western Gateway, Royal Docks, London2
£2,50005/240.05 miWarehouse W, 3 Western Gateway, E162
£2,50005/240.05 miWarehouse W, 3 Western Gateway, London, E162
£2,60005/240.06 mi-2
£2,65002/250.06 mi-2
£2,45004/240.06 miBotanist House, 7 Seagull Lane, London, E162
£2,40005/240.07 miBotanist House, Seagull Lane, E162
£2,54805/240.07 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
£2,40005/240.07 miBotanist House, 7 Seagull Lane, 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
£2,10004/240.11 mi-2
£1,90002/250.11 mi-2
£2,27004/250.11 mi-2
£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
£2,10003/240.11 miWestgate Apartments, Western Gateway, London, Greater London. E162
£2,10005/240.11 miWestgate Apartments, 14 Western Gateway2
£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
£2,80002/250.11 mi-2
£2,16703/240.11 miBaltic Apartments, Western Gateway, Victoria Docks, London, E16 1AE2
£2,12304/240.11 miBaltic Apartments, Western Gateway, Victoria Docks, London, E16 1AE2
£2,69502/250.11 mi-2
£2,80004/250.11 mi-2
£2,80001/250.11 mi-2
£2,14504/240.11 miWestgate Apartments, Royal Victoria, Excel, London, E16 1BN2
£2,20003/240.11 mi-2
£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
£2,60002/250.11 mi-2
£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

5.72 miles away

Nearest school

0.30 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

Listed for £450,000

April 1, 2025

Floor Plans

Description

  • Warehouse Conversion +
  • Split Level +
  • Two Bedrooms +
  • One Bathroom +
  • On-Site Soncierge Service +
  • Chain Free +
  • 0.1 Mile to Elizabeth Line +
  • Guide Price £450,000-£475,000 +

If you are in search of a modern and spacious apartment in East Londons Royal Docks that offers both comfort and convenience, look no further. Located in a prime waterside area, this stunning warehouse conversion boasts a split-level design and features two bedrooms, one bathroom, and a stylish reception area. With its on-site concierge service and chain-free status, this property is not to be missed by those looking for a hassle-free move.

The split-level layout of this apartment provides a unique and stylish living experience. As you enter, you will be greeted by a bright and airy reception area, perfect for entertaining guests or a quiet evening in. The open-plan design ensures a seamless flow throughout, connecting the reception area with the well-appointed kitchen. The modern kitchen is equipped with high-end appliances and ample storage space, making it a joy for home cooks and food enthusiasts.

The property offers two spacious bedrooms, providing ample space for families, couples, or individuals looking for a dedicated workspace. With skylight windows, natural light floods in, creating a pleasant and relaxing atmosphere. The well-designed bedrooms offer comfort and privacy, ensuring a restful night's sleep.

The apartment is complete with a modern bathroom. The well-designed bathroom features contemporary fixtures and finishes, providing a serene and sophisticated space for relaxation. The thoughtfully chosen color palette and high-quality fittings reflect the overall aesthetic of the apartment.

One of the standout features of this property is the on-site concierge service, providing a hassle-free living experience. From package handling to assisting with everyday tasks, the dedicated concierge is there to make your life easier.

Situated in the heart of London, this apartment offers close proximity to the Elizabeth Line, making commuting and exploring the city a breeze. Enjoy easy access to all the amenities the city has to offer, from vibrant restaurants and shops to cultural attractions and parks. The convenient location ensures you are never far from exciting city experiences.

Agent Details

Ivy & Stone, Covering East London and West Essex

020 7046 0338

Next Steps?

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