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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
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47, Discovery Tower 1 is recorded publicly as a modern leasehold apartment across 764 ft2 of internal area.
Locally, apartments of this size normally have 2 bedrooms with a balcony.
Our estimate of the sale value of 47, Discovery Tower 1 is £464,830 and its rental estimate is £2,552 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.
47, Discovery Tower 1 has a single entry in the Land Registry from February 2018 and a single entry in the EPC database dated October 2025.
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.
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 47, Discovery Tower 1, we estimate a market value of £488,072 and a rental value of £2,680 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £432,292 and £2,374 per month respectively.
Over the last year, 47, Discovery Tower 1 has seen its estimated sale value move down by £16,781 (3.6%) and its estimated rental value increase by £119 per month (4.6%). This results in an estimated gross rental yield of 6.6%.
47, Discovery Tower 1 has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 27 Oct 2025.
The property is connected to mains gas and has fully double glazed windows. It is heated using Community scheme.
The most recent sale of 47, Discovery Tower 1 completed on 21st February 2018 at £546,000 and was recorded by HM Land Registry as a leasehold flat.
Since 1995 this is the property's only sale.
Values of comparable properties have dropped by 23.4% over the period since February 2018.
Over the past 2 years 3 properties similar to 47, 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 13th October 2025, was 122, Discovery Tower 1, Terry Spinks Place, London, E16 1YH, a leasehold flat which sold for £500,000.
Read more about house prices in E16.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Of the 160 addresses on Terry Spinks Place, London, E16, 47, Discovery Tower 1 comes out as the 81st largest and the 81st most expensive in our analysis of the public data.
It is also £83k more expensive than the average property across the E16 district.
From 47, Discovery Tower 1, the nearest station is Star Lane, 400 metres away.
Broadband here reaches ultrafast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Ultrafast broadband is available in the area.
The flood risk here is rated very low, based on Environment Agency data.
The recent census recorded whether a resident owned or rented their home.
In the area around 47, Discovery Tower 1, % of property is and % is .
The graph below shows how this compares to Greater London and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around 47, Discovery Tower 1, 0.0% of residents are recorded as possessing school level qualifications and 0.0% as possessing degree level qualifications.
The graph below shows how this compares to Greater London and the rest of England & Wales.
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around 47, Discovery Tower 1, 0.0% of property was a second home.
Comparison figures for Greater London and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around 47, Discovery Tower 1, there are an average of 0.0 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.
