122, Discovery Tower 1
122, Discovery Tower 1
Description & Estimates
122, Discovery Tower 1 is recorded publicly as a modern leasehold apartment across 785 ft2 of internal area.
Locally, apartments of this size normally have 2 bedrooms with a balcony.
Our estimate of the sale value of 122, Discovery Tower 1 is £474,116 and its rental estimate is £2,594 per month, given the available information and assuming reasonable condition.
Discovery Tower, Terry Spinks Place is a residential building on Terry Spinks Place, London, E16 and falls within the E16 postal district and the London Borough of Newham.
Our Data Sources
122, Discovery Tower 1 has 2 entries in the Land Registry , most recently in October 2025 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.
Price Range & Condition
The condition of a property plays an important role in determining its value, with the degree of impact varying by property type, size and location.
For 122, Discovery Tower 1, we estimate a market value of £497,822 and a rental value of £2,723 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £440,928 and £2,412 per month respectively.
Recent Market Change
Over the last year, 122, Discovery Tower 1 has seen its estimated sale value drop by £17,116 (3.6%) and its estimated rental value rise by £121 per month (4.6%). This results in an estimated gross rental yield of 6.6%.
Energy Efficiency
122, 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.
Sold Prices
The most recent sale of 122, Discovery Tower 1 completed on 13th October 2025 at £500,000 and was recorded by HM Land Registry as a leasehold flat.
Since 1995 the property has sold twice.
Values of comparable properties have dropped by 15.2% over the period since October 2025.
- Sold Oct 2025£500,000
- Sold Feb 2019£510,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 122, Discovery Tower 1 have sold within a radius of 240 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 3rd July 2025, was 82, Discovery Tower 1, Terry Spinks Place, London, E16 1YG, a leasehold flat which sold for £465,000.
Read more about house prices in E16.
- Sold Jul 2025£465,000 | 2 Bed FlatDiscovery Tower 1, Terry Spinks Place82, Discovery Tower 1, Terry Spinks Place, London, E16 1YG
- Sold Mar 2025£480,000 | 2 Bed FlatDiscovery Tower 1, Terry Spinks Place147, Discovery Tower 1, Terry Spinks Place, London, E16 1YH
- Sold Feb 2025£485,000 | 2 Bed FlatCharles Darwin House 17, Minnie Baldock Street12, Charles Darwin House 17, Minnie Baldock Street, London, E16 1YE
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Of the 160 addresses on Terry Spinks Place, London, E16, 122, Discovery Tower 1 comes out as the 62nd largest and the 54th most expensive in our analysis of the public data.
It is also £92k more expensive than the average property across the E16 district.
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Schools Nearby
- 400mSt Luke's Primary School
- 600mHallsville Primary School
- 700mStar Primary School
- 600mRokeby School
- 800mEastlea Community School
- 1.5kmLangdon Park Community School
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Public Transport Nearby
From 122, Discovery Tower 1, the nearest station is Star Lane, 400 metres away.
- 200mCanning Town
- 700mStar Lane
- 900mRoyal Victoria
Available Internet Speeds
Broadband here reaches ultrafast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Ultrafast broadband is available in the area.
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
