Flat 24, The Grainstore 3
Flat 24, The Grainstore 3
Description & Estimates
Flat 24, The Grainstore 3 is described in the public record as a modern apartment with 452 ft2 of internal area.
Locally, apartments of this size normally have 1 bedroom with a balcony.
Our estimate of the sale value of Flat 24, The Grainstore 3 is £202,940 and its rental estimate is £1,267 per month, given the available information and assuming reasonable condition.
The Grainstore, Seagull Lane is a residential building on Seagull Lane, London, E16 and falls within the E16 postal district and the London Borough of Newham.
Our Data Sources
Flat 24, The Grainstore 3 has no records in the the Land Registry and a single entry in the EPC database dated March 2021.
We combine this information with public data of neighbouring properties to estimate the property attributes and values.
The local information is scored as 1 out of 5 and is considered of low 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 Flat 24, The Grainstore 3, we estimate a market value of £213,087 and a rental value of £1,331 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £188,735 and £1,179 per month respectively.
Recent Market Change
Over the last year, Flat 24, The Grainstore 3 has seen its estimated sale value fall by £7,969 (3.9%) and its estimated rental value move up by £52 per month (4.1%). This results in an estimated gross rental yield of 7.5%.
Energy Efficiency
Flat 24, The Grainstore 3 has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 08 Mar 2021.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Electric storage heaters.
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to Flat 24, The Grainstore 3 have sold within a radius of 300 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 13th November 2023, was Flat 15, The Grainstore 3, Seagull Lane, London, E16 1AZ, a leasehold flat which sold for £290,000.
Read more about house prices in E16.
- Sold Nov 2023£290,000 | 1 Bed FlatFlat 15, The Grainstore 3, Seagull Lane, London, E16 1AZFlat 15, The Grainstore 3, Seagull Lane, London, E16 1AZ
- Sold Nov 2022£287,500 | 1 Bed FlatFlat 11, The Grainstore 3, Seagull Lane, London, E16 1AZFlat 11, The Grainstore 3, Seagull Lane, London, E16 1AZ
- Sold Aug 2017£298,000 | 1 Bed FlatFlat 21, The Grainstore 3, Seagull Lane, London, E16 1AZFlat 21, The Grainstore 3, Seagull Lane, London, E16 1AZ
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Of the 565 addresses on Seagull Lane, London, E16, Flat 24, The Grainstore 3 comes out as the 524th largest and the 552nd most expensive in our analysis of the public data.
It is also £179k less expensive than the average property across the E16 district.
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Schools Nearby
- 600mHallsville Primary School
- 600mBritannia Village Primary School
- 600mSt Joachim's Catholic Primary School
- 500mOasis Academy Silvertown
- 800mRoyal Docks Academy
- 1.2kmRokeby School
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Public Transport Nearby
From Flat 24, The Grainstore 3, the nearest station is Royal Victoria, 300 metres away.
- 200mCustom House for ExCel
- 200mCustom House (Elizabeth line)
- 300mRoyal Victoria
Available Internet Speeds
Internet coverage here is poor, based on recent Ofcom data, and connectivity may be weak or unavailable.
According to recent data from Ofcom, Slow/none broadband is available in the area.
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
