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Bricks&Logic is a trading name of Urban Markets Ltd
Company No. 11113204
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VAT No. GB 287 0845 68
Registered Address: 2 Leman St, London E1 8FA
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Flat 505, The Galley 3 is recorded publicly as a modern leasehold apartment across 965 ft2 of internal area.
Locally, apartments of this size normally have 3 bedrooms with a balcony.
Our estimate of the sale value of Flat 505, The Galley 3 is £496,373 and its rental estimate is £3,038 per month, given the available information and assuming reasonable condition.
The Galley, Basin Approach is a residential building on Basin Approach, London, E16 and falls within the E16 postal district and the London Borough of Newham.
Flat 505, The Galley 3 has a single entry in the Land Registry from April 2009 and a single entry in the EPC database dated April 2009.
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.
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 505, The Galley 3, we estimate a market value of £521,191 and a rental value of £3,190 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £461,627 and £2,826 per month respectively.
Over the last year, Flat 505, The Galley 3 has seen its estimated sale value decline by £15,485 (3.1%) and its estimated rental value climb by £148 per month (4.9%). This results in an estimated gross rental yield of 7.3%.
Flat 505, The Galley 3 has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 20 Apr 2009.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Electric underfloor heating.
The most recent sale of Flat 505, The Galley 3 completed on 16th April 2009 at £249,950 and was recorded by HM Land Registry as a leasehold flat.
Since 1995 this is the property's only sale.
Values of comparable properties have risen by 84.0% over the period since April 2009.
Over the past 2 years 3 properties similar to Flat 505, The Galley 3 have sold within a radius of 280 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 14th November 2025, was Flat 406, The Mast 2, Albert Basin Way, London, E16 2QZ, a leasehold flat which sold for £395,000.
Read more about house prices in E16.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Of the 184 addresses on Basin Approach, London, E16, Flat 505, The Galley 3 comes out as the 39th largest and the 11th most expensive in our analysis of the public data.
It is also £114k more expensive than the average property across the E16 district.
From Flat 505, The Galley 3, the nearest station is Gallions Reach, 200 metres away.
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.
The flood risk here is rated very low, based on Environment Agency data.
The recent census recorded whether a resident owned or rented their home.
In the area around Flat 505, The Galley 3, % of property is and % is .
The graph below shows how this compares to Greater London and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around Flat 505, The Galley 3, 0.0% of residents are recorded as possessing school level qualifications and 0.0% as possessing degree level qualifications.
The graph below shows how this compares to Greater London and the rest of England & Wales.
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around Flat 505, The Galley 3, 0.0% of property was a second home.
Comparison figures for Greater London and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around Flat 505, The Galley 3, there are an average of 0.0 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.
