Flat 2, Cargo House 1
Flat 2, Cargo House 1
Description & Estimates
According to the public record, Flat 2, Cargo House 1 is a modern apartment with 904 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms.
Based on available information, and assuming reasonable condition, the estimated sale value for Flat 2, Cargo House 1 is £499,773 and the estimated rental value is £3,092 per month.
The apartment is within Cargo House, Silley Weir Promenade, London, E16.
Silley Weir Promenade, London, E16 is located in the borough of Newham within the E16 postal district.
Our Data Sources
Flat 2, Cargo House 1 has no records in the the Land Registry and a single entry in the EPC database dated November 2022.
We combine this information with public data of neighbouring properties to estimate the property attributes and values.
The local information is scored as 4 out of 5 and is considered of high accuracy.
Price Range & Condition
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If Flat 2, Cargo House 1 is in very good condition we estimate a sale value of £524,762 and a rental value of £3,247 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £464,789 and a rental value of £2,876 per month.
Recent Market Change
Over the past 12 months, the estimated sale value of Flat 2, Cargo House 1 has declined by £9,172 (1.8%), while its estimated rental value has climbed by £159 per month (5.1%). Based on current estimates, the property offers a gross rental yield of 7.4%.
Energy Efficiency
Flat 2, Cargo House 1 has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 10 Nov 2022.
The property is not connected to mains gas and has high performance glazing. It is heated using Community scheme.
Similar Properties Sold Nearby
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 2, Cargo House 1 within a radius of 290 metres over the last 2 years.
The most recent example is Flat 25, Cargo House 1, Silley Weir Promenade, London, E16 2AJ, a leasehold flat which sold for £565,000 on the 22nd March 2024.
Read more about house prices in E16.
- Sold Mar 2024£565,000 | 3 Bed FlatCargo House 1, Silley Weir PromenadeFlat 25, Cargo House 1, Silley Weir Promenade, London, E16 2AJ
- Sold Jun 2023£550,000 | 3 Bed FlatCargo House 1, Silley Weir PromenadeFlat 39, Cargo House 1, Silley Weir Promenade, London, E16 2AJ
- Sold Dec 2022£568,500 | 3 Bed FlatCargo House 1, Silley Weir PromenadeFlat 11, Cargo House 1, Silley Weir Promenade, London, E16 2AJ
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Silley Weir Promenade, London, E16 has a total of 122 addresses. According to our analysis of all the public data, Flat 2, Cargo House 1 is the 22nd largest and the 22nd most expensive property on the street.
When compared to the postcode district it is £118k more expensive than the average property in E16.
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Schools Nearby
- 600mGallions Primary School
- 800mWinsor Primary School
- 1.5kmNorth Beckton Primary School
- 400mLondon Design and Engineering UTC
- 1.4kmKingsford Community School
- 2.6kmWoolwich Polytechnic School
More reading links
Public Transport Nearby
The closest station to Flat 2, Cargo House 1 is Gallions Reach station, which is 100 metres away.
- 100mGallions Reach
- 600mCyprus
- 900mKing George V
Risk of Flooding
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
