57, Discovery Tower 1
57, Discovery Tower 1
Description & Estimates
Public records show 57, Discovery Tower 1 to be a modern leasehold apartment with 775 ft2 of internal area.
In this area, apartments of this size normally have 2 bedrooms with a balcony.
57, Discovery Tower 1 has an estimated sale value of £469,019 and an estimated rental value of £2,571 per month, assuming reasonable condition and based on the information available.
The apartment sits within Discovery Tower, Terry Spinks Place, London, E16.
Terry Spinks Place, London, E16 lies in the borough of Newham, within the E16 postal district.
Our Data Sources
57, Discovery Tower 1 has a single entry in the Land Registry from April 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
In very good condition, we estimate 57, Discovery Tower 1 would be worth £492,470, with a potential rental value of £2,699 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £436,187, with a rental value of £2,391 per month.
The extent to which decoration affects a property's value depends on its type, size and location.
Recent Market Change
The estimated sale value of 57, Discovery Tower 1 has fallen by £16,932 (3.6%) over the last year. During the same period, its estimated monthly rental value has moved up by £120 (4.6%). The property's estimated gross yield is currently 6.6%.
Energy Efficiency
57, 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
57, Discovery Tower 1 last changed hands on 9th April 2018, selling for £545,000. The transaction was logged as a leasehold flat by HM Land Registry.
That is its only recorded sale since 1995.
The market for similar properties has dropped by 23.0% since April 2018.
- Sold Apr 2018£545,000
Similar Properties Sold Nearby
Land Registry records and our Estate Agent network show 3 sales of comparable properties within 240 metres of 57, Discovery Tower 1 across the last 2 years.
Most recently, 122, Discovery Tower 1, Terry Spinks Place, London, E16 1YH, a leasehold flat, sold at £500,000 on the 13th October 2025.
Read more about house prices in E16.
- Sold Oct 2025£500,000 | 2 Bed FlatDiscovery Tower 1, Terry Spinks Place122, Discovery Tower 1, Terry Spinks Place, London, E16 1YH
- 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
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Our analysis of the public data ranks 57, Discovery Tower 1 as the 71st largest and the 77th most expensive of the 160 addresses on Terry Spinks Place, London, E16.
Against the E16 postcode district average, it is £87k more expensive than the typical property.
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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
Star Lane station is the nearest stop to 57, Discovery Tower 1 at 400 metres away.
- 200mCanning Town
- 700mStar Lane
- 900mRoyal Victoria
Available Internet Speeds
Ofcom's latest figures show ultrafast broadband available in this area.
According to recent data from Ofcom, Ultrafast broadband is available in the area.
Risk of Flooding
Environment Agency data suggests this area has a very low risk of flooding.
