Flat 502, The Mast 2
Flat 502, The Mast 2
Description & Estimates
Flat 502, The Mast 2 is recorded publicly as a modern leasehold apartment across 775 ft2 of internal area.
Locally, apartments of this size normally have 2 bedrooms with a balcony.
Our estimate of the sale value of Flat 502, The Mast 2 is £379,560 and its rental estimate is £2,325 per month, given the available information and assuming reasonable condition.
The Mast, Albert Basin Way is a residential building on Albert Basin Way, London, E16 and falls within the E16 postal district and the London Borough of Newham.
Our Data Sources
Flat 502, The Mast 2 has 2 entries in the Land Registry , most recently in July 2018 and a single entry in the EPC database dated November 2024.
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 Flat 502, The Mast 2, we estimate a market value of £398,539 and a rental value of £2,442 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £352,991 and £2,163 per month respectively.
Recent Market Change
Over the last year, Flat 502, The Mast 2 has seen its estimated sale value fall by £13,703 (3.6%) and its estimated rental value move up by £108 per month (4.6%). This results in an estimated gross rental yield of 7.4%.
Energy Efficiency
Flat 502, The Mast 2 has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 21 Nov 2024.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Electric underfloor heating.
Sold Prices
The most recent sale of Flat 502, The Mast 2 completed on 6th July 2018 at £375,000 and was recorded by HM Land Registry as a leasehold flat.
Since 1995 the property has sold twice.
Values of comparable properties have risen by 3.0% over the period since July 2018.
- Sold Jul 2018£375,000
- Sold Nov 2009£240,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to Flat 502, The Mast 2 have sold within a radius of 270 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 26th September 2025, was Flat 407, Drift Court 1, Basin Approach, London, E16 2FE, a leasehold flat which sold for £365,000.
Read more about house prices in E16.
- Sold Sep 2025£365,000 | 2 Bed FlatFlat 407, Drift Court 1, Basin Approach, London, E16 2FEFlat 407, Drift Court 1, Basin Approach, London, E16 2FE
- Sold Feb 2025£362,000 | 2 Bed FlatFlat 203, Fathom Court 2, Basin Approach, London, E16 2FFFlat 203, Fathom Court 2, Basin Approach, London, E16 2FF
- Sold Sep 2022£311,000 | 2 Bed FlatFlat 302, The Mast 2, Albert Basin Way, London, E16 2QZFlat 302, The Mast 2, Albert Basin Way, London, E16 2QZ
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
More reading links
Location Comparison
Of the 145 addresses on Albert Basin Way, London, E16, Flat 502, The Mast 2 comes out as the 97th largest and the 115th most expensive in our analysis of the public data.
It is also £3k less expensive than the average property across the E16 district.
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Schools Nearby
- 800mGallions Primary School
- 1.0kmWinsor Primary School
- 1.5kmHeronsgate Primary School
- 600mLondon Design and Engineering UTC
- 1.5kmKingsford Community School
- 2.4kmWoolwich Polytechnic School
More reading links
Public Transport Nearby
From Flat 502, The Mast 2, the nearest station is Gallions Reach, 300 metres away.
- 300mGallions Reach
- 700mCyprus
- 900mKing George V
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.
