Flat 501, The Galley 3
Flat 501, The Galley 3
Description & Estimates
According to the public record, Flat 501, The Galley 3 is a modern leasehold apartment with 731 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a balcony.
Based on available information, and assuming reasonable condition, the estimated sale value for Flat 501, The Galley 3 is £417,262 and the estimated rental value is £2,575 per month.
The apartment is within The Galley, Basin Approach, London, E16.
Basin Approach, London, E16 is located in the borough of Newham within the E16 postal district.
Our Data Sources
Flat 501, The Galley 3 has a single entry in the Land Registry from February 2008 and a single entry in the EPC database dated July 2022.
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
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 501, The Galley 3 is in very good condition we estimate a sale value of £438,125 and a rental value of £2,704 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £388,054 and a rental value of £2,395 per month.
Recent Market Change
Over the past 12 months, the estimated sale value of Flat 501, The Galley 3 has moved down by £15,064 (3.6%), while its estimated rental value has increased by £120 per month (4.6%). Based on current estimates, the property offers a gross rental yield of 7.4%.
Energy Efficiency
Flat 501, The Galley 3 has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 27 Jul 2022.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Electric underfloor heating.
Sold Prices
According to HM Land Registry, Flat 501, The Galley 3 was last sold on 1st February 2008 for £380,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since February 2008, the market for similar properties has risen by 45.1%.
- Sold Feb 2008£380,000
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 501, The Galley 3 within a radius of 280 metres over the last 2 years.
The most recent example is Flat 606, The Galley 3, Basin Approach, London, E16 2QW, a leasehold flat which sold for £425,000 on the 27th February 2026.
Read more about house prices in E16.
- Sold Feb 2026£425,000 | 2 Bed FlatThe Galley 3, Basin ApproachFlat 606, The Galley 3, Basin Approach, London, E16 2QW
- Sold Feb 2026£430,000 | 2 Bed FlatGalyon Point 9, Gallions RoadFlat 15, Galyon Point 9, Gallions Road, London, E16 2AH
- Sold Feb 2025£362,000 | 2 Bed FlatFathom Court 2, Basin ApproachFlat 203, Fathom Court 2, Basin Approach, London, E16 2FF
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
More reading links
Location Comparison
Basin Approach, London, E16 has a total of 184 addresses. According to our analysis of all the public data, Flat 501, The Galley 3 is the 124th largest and the 53rd most expensive property on the street.
When compared to the postcode district it is £35k more expensive than the average property in E16.
More reading links
Schools Nearby
- 800mGallions Primary School
- 900mWinsor Primary School
- 1.5kmHeronsgate Primary School
- 500mLondon Design and Engineering UTC
- 1.5kmKingsford Community School
- 2.5kmRoyal Greenwich Trust School
More reading links
Public Transport Nearby
The closest station to Flat 501, The Galley 3 is Gallions Reach station, which is 200 metres away.
- 200mGallions Reach
- 600mCyprus
- 800mKing George V
Available Internet Speeds
According to recent data from Ofcom, there is poor internet coverage in this area which may result in poor or no internet connectivity.
According to recent data from Ofcom, Slow/none broadband is available in the area.
Risk of Flooding
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
