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Bricks&Logic is a trading name of Urban Markets Ltd
Company No. 11113204
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VAT No. GB 287 0845 68
Registered Address: 2 Leman St, London E1 8FA
According to the public record, 116, Discovery Tower 1 is a modern leasehold apartment with 796 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a balcony.
Based on available information, and assuming reasonable condition, the estimated sale value for 116, Discovery Tower 1 is £478,275 and the estimated rental value is £2,612 per month.
The apartment is within Discovery Tower, Terry Spinks Place, London, E16.
Terry Spinks Place, London, E16 is located in the borough of Newham within the E16 postal district.
116, Discovery Tower 1 has a single entry in the Land Registry from February 2020 and a single entry in the EPC database dated July 2017.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 5 out of 5 and is considered of high accuracy.
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If 116, Discovery Tower 1 is in very good condition we estimate a sale value of £502,189 and a rental value of £2,742 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £444,796 and a rental value of £2,429 per month.
Over the last 12 months the sale value of 116 Discovery Tower 1 has decreased by an estimated £17,267 (3.6%) and its rental value has increased by an estimated £121 per month (4.6%), giving an expected gross yield of 6.6%.
116, Discovery Tower 1 has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 18 Jul 2017.
The property is not connected to mains gas and has high performance glazing. It is heated using Community scheme.
According to HM Land Registry, 116, Discovery Tower 1 was last sold on 27th February 2020 for £578,500 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since February 2020, the market for similar properties has dropped 23.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 116, Discovery Tower 1 within a radius of 240 metres over the last 2 years.
The most recent example is 122, Discovery Tower 1, Terry Spinks Place, London, E16 1YH, a leasehold flat which sold for £500,000 on the 13th October 2025.
Read more about house prices in E16.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Terry Spinks Place, London, E16 has a total of 160 addresses. According to our analysis of all the public data, 116, Discovery Tower 1 is the 42nd largest and the 17th most expensive property on the street.
When compared to the postcode district it is £96k more expensive than the average property in E16.
The nearest school is St Luke's Primary School which is 400 metres away. The nearest train station is Star Lane which is 400 metres away.
Please login for all schools and rail links, broadband speeds, floodrisk and area demographics information including levels of education, home ownership and more.
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