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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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53, Discovery Tower 1 is recorded publicly as a modern leasehold apartment across 581 ft2 of internal area.
Locally, apartments of this size normally have 2 bedrooms with a balcony.
Our estimate of the sale value of 53, Discovery Tower 1 is £390,237 and its rental estimate is £2,209 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.
53, Discovery Tower 1 has 2 entries in the Land Registry , most recently in August 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.
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 53, Discovery Tower 1, we estimate a market value of £409,749 and a rental value of £2,320 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £362,921 and £2,055 per month respectively.
Over the last year, 53, Discovery Tower 1 has seen its estimated sale value decrease by £14,088 (3.6%) and its estimated rental value grow by £103 per month (4.6%). This results in an estimated gross rental yield of 6.8%.
53, 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.
The most recent sale of 53, Discovery Tower 1 completed on 29th August 2025 at £370,000 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 15.9% over the period since August 2025.
Over the past 2 years 3 properties similar to 53, 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 8th November 2024, was 48, Discovery Tower 1, Terry Spinks Place, London, E16 1YG, a leasehold flat which sold for £350,000.
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, 53, Discovery Tower 1 comes out as the 101st largest and the 107th most expensive in our analysis of the public data.
It is also £8k more expensive than the average property across the E16 district.
From 53, 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 53, 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 53, 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 53, 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 53, 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.
