55, Discovery Tower 1
55, Discovery Tower 1
Description & Estimates
55, Discovery Tower 1 is recorded publicly as a modern leasehold apartment across 570 ft2 of internal area.
Locally, apartments of this size normally have 2 bedrooms with a balcony.
Our estimate of the sale value of 55, Discovery Tower 1 is £385,618 and its rental estimate is £2,187 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
55, Discovery Tower 1 has a single entry in the Land Registry from February 2018 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 55, Discovery Tower 1, we estimate a market value of £404,899 and a rental value of £2,296 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £358,625 and £2,034 per month respectively.
Recent Market Change
Over the last year, 55, Discovery Tower 1 has seen its estimated sale value fall by £13,921 (3.6%) and its estimated rental value move up by £102 per month (4.6%). This results in an estimated gross rental yield of 6.8%.
Energy Efficiency
55, 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 55, Discovery Tower 1 completed on 21st February 2018 at £432,500 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.
- Sold Feb 2018£432,500
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 55, 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 29th August 2025, was 53, Discovery Tower 1, Terry Spinks Place, London, E16 1YG, a leasehold flat which sold for £370,000.
Read more about house prices in E16.
- Sold Aug 2025£370,000 | 2 Bed FlatDiscovery Tower 1, Terry Spinks Place53, Discovery Tower 1, Terry Spinks Place, London, E16 1YG
- Sold Nov 2024£350,000 | 2 Bed FlatDiscovery Tower 1, Terry Spinks Place48, Discovery Tower 1, Terry Spinks Place, London, E16 1YG
- Sold Sep 2023£420,000 | 2 Bed FlatCharles Darwin House 17, Minnie Baldock Street45, 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, 55, Discovery Tower 1 comes out as the 121st largest and the 132nd most expensive in our analysis of the public data.
It is also £3k 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 55, 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.
