Flat 501, The Galley, 3 Basin Approach, London, E16 2QW is a leasehold flat built between 2007-2011. The property offers approximately 732 square feet of living space and is situated on the 5th floor. In this location, apartments of similar size usually have two bedrooms.

The estimated current market value of the property is £596,799 , which equates to approximately £815 per square foot. It was last sold on 1 Feb 2008 for £380,000. Since then, the value has increased by £216,799, representing a 57.1% increase, or approximately 3.2% per year.

The current estimated value of £596,799 is:

  • 9.2% lower than the average property price on Basin Approach
  • 21.4% higher than the average in the E16 2QW postcode area
  • and 31.8% lower than the average price for London as a whole

At the most recent EPC inspection on 27 July 2022, the property was recorded as rented.

View sold house prices in E16 2QW

Building approximate location

About Property

Type
Flat
Built
2007-2011
Interior Size
732 sq ft
Tenure
Leasehold
Floor level
5th floor
Price (estimate)
£596,799
Price Per sq ft (estimate)
£815
Bedroom Count (estimate)
2 bedrooms

EPC Summary

Flat 501, The Galley, 3 Basin Approach, London, Newham, Greater London, E16 2QW has an Energy Performance Certificate (EPC) rating of B, based on the latest assessment carried out on 27 Jul 2022.

This property uses electric underfloor heating as its main heating source. Hot water is provided from off-peak electric immersion heater. The windows are fully double glazed.

The previous EPC assessment was conducted on 25 May 2011. The rating of B remains the same, but the energy efficiency score improved by 3.7%.

Since the previous assessment, several changes were observed:

  • The main heating energy efficiency improving from very poor to poor, while the heating system type remained the same (electric underfloor heating).
  • The wall construction or insulation changed from system built, with internal insulation to system built, as built, insulated (assumed), changing energy efficiency from very good to good.
  • The lighting was updated from low energy lighting in 33% of fixed outlets to low energy lighting in all fixed outlets, with efficiency improving from average to very good.
Heating Type
Electric underfloor heating
Poor
Hot Water
Electric immersion, off-peak
Average
Walls
System built, as built, insulated (assumed)
Good
Windows
Fully double glazed
Good
Lighting
Low energy lighting in all fixed outlets
Very Good

Compared to E16 2QW

11 th / 44
Price Rank
21% higher than average
23 rd / 40
Size Rank
5% smaller than average
2 nd / 40
Price Per Sq FT Rank
27% higher than average

Compared to other properties in E16 2QW , this flat's estimated value ranks 11th out of 44. Based on price per square foot, it ranks 2nd out of 40 properties. This suggests a relatively high price per square foot, which may reflect quality, location, or recent upgrades. In terms of size, this home ranks 23th out of 40 properties in its postcode area.

Sale History

Today
£596,799
streetscan.co.uk estimate
+57 %
1 Feb 2008
£380,000
Leasehold

Area Insights

Similar Properties Sold Nearby

rooms: 3
size: 807 sq ft
sale price: £408,000
sale date: 29 Sep 2016
rooms: 3
size: 678 sq ft
sale price: £266,000
sale date: 27 Feb 2013
rooms: 3
size: 807 sq ft
sale price: £240,000
sale date: 27 Nov 2009
rooms: 3
size: 797 sq ft
sale price: £235,000
sale date: 4 Nov 2009
rooms: 3
size: 689 sq ft
sale price: £250,000
sale date: 14 Aug 2009

Data Sources

The property at Flat 501, The Galley, 3 Basin Approach, London, Newham, Greater London, E16 2QW appears once in the Land Registry records, with the transaction recorded on 1 Feb 2008. It also has two Energy Performance Certificates (EPC) entries, the earliest dating back to 27 Jul 2022. We use this data, to estimate the property's characteristics and current market value.

This website uses public sector information from:

These datasets are licensed under the Open Government Licence v3.0.
This website is not affiliated with or endorsed by HM Land Registry or DLUHC.


Disclaimer: StreetScan.co.uk makes all reasonable efforts to ensure the information provided on this website is current and accurate; however, no warranties or representations are made as to its completeness or accuracy. StreetScan.co.uk expressly disclaims any and all liability for any loss, damage, or expense arising directly or indirectly from the use of, or reliance upon, such information.