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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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Public records show Flat 506, The Galley 3 to be a modern leasehold apartment with 905 ft2 of internal area.
In this area, apartments of this size normally have 3 bedrooms with a balcony.
Flat 506, The Galley 3 has an estimated sale value of £479,019 and an estimated rental value of £2,963 per month, assuming reasonable condition and based on the information available.
The apartment sits within The Galley, Basin Approach, London, E16.
Basin Approach, London, E16 lies in the borough of Newham, within the E16 postal district.
Flat 506, The Galley 3 has 2 entries in the Land Registry , most recently in September 2010 and a single entry in the EPC database dated May 2010.
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.
In very good condition, we estimate Flat 506, The Galley 3 would be worth £502,970, with a potential rental value of £3,111 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £445,488, with a rental value of £2,756 per month.
The extent to which decoration affects a property's value depends on its type, size and location.
The estimated sale value of Flat 506, The Galley 3 has fallen by £14,943 (3.1%) over the last year. During the same period, its estimated monthly rental value has moved up by £145 (4.9%). The property's estimated gross yield is currently 7.4%.
Flat 506, The Galley 3 has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 12 May 2010.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Electric underfloor heating.
Flat 506, The Galley 3 last changed hands on 17th September 2010, selling for £260,000. The transaction was logged as a leasehold flat by HM Land Registry.
In total it has sold twice since 1995.
The market for similar properties has risen by 66.1% since September 2010.
Land Registry records and our Estate Agent network show 3 sales of comparable properties within 280 metres of Flat 506, The Galley 3 across the last 2 years.
Most recently, Flat 306, The Galley 3, Basin Approach, London, E16 2QW, a leasehold flat, sold at £442,500 on the 11th September 2025.
Read more about house prices in E16.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Our analysis of the public data ranks Flat 506, The Galley 3 as the 48th largest and the 17th most expensive of the 184 addresses on Basin Approach, London, E16.
Against the E16 postcode district average, it is £97k more expensive than the typical property.
Gallions Reach station is the nearest stop to Flat 506, The Galley 3 at 200 metres away.
Ofcom's latest figures show poor internet coverage in this area, which may mean weak or no connectivity.
According to recent data from Ofcom, Slow/none broadband is available in the area.
Environment Agency data suggests this area has a very low risk of flooding.
The recent census recorded whether a resident owned or rented their home.
In the area around Flat 506, 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 506, 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 506, 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 506, 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.
