Flat 502, The Galley, 3 Basin Approach, London, E16 2QW is a leasehold flat built in 2007 onwards. The property offers approximately 721 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 £651,721 , which equates to approximately £904 per square foot. It was last sold on 17 Dec 2008 for £340,000. Since then, the value has increased by £311,721, representing a 91.7% increase, or approximately 5.4% per year.

The current estimated value of £651,721 is:

  • 0.9% lower than the average property price on Basin Approach
  • 32.5% higher than the average in the E16 2QW postcode area
  • and 25.5% lower than the average price for London as a whole

View sold house prices in E16 2QW

Building approximate location

About Property

Type
Flat
Built
2007 onwards
Interior Size
721 sq ft
Tenure
Leasehold
Floor level
5th floor
Price (estimate)
£651,721
Price Per sq ft (estimate)
£904
Bedroom Count (estimate)
2 bedrooms

EPC Summary

Flat 502, The Galley, 3 Basin Approach, London, Newham, Greater London Authority, E16 2QW has an Energy Performance Certificate (EPC) rating of C, based on the latest assessment carried out on 7 Aug 2020.

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 30 Jan 2009. The rating of C is unchanged, though the energy efficiency score decreased by 6.4%.

Since the previous assessment, several changes were observed:

  • The main heating energy efficiency changing from average to very poor, while the heating system type remained the same (electric underfloor heating).
  • The hot water energy efficiency changing from average to very poor, while the system remained as electric immersion, off-peak.
  • The roof construction or insulation changed from (other premises above) to (another dwelling above), with no change in energy efficiency (n/a).
  • The wall construction or insulation changed from average thermal transmittance = 0.35 w/m?k to cavity wall, as built, insulated (assumed), with no change in energy efficiency (good).
  • The lighting was updated from low energy lighting in 33% of fixed outlets to low energy lighting in 62% of fixed outlets, with efficiency improving from average to good.
Heating Type
Electric underfloor heating
Very Poor
Hot Water
Electric immersion, off-peak
Very Poor
Walls
Cavity wall, as built, insulated (assumed)
Good
Windows
Fully double glazed
Average
Lighting
Low energy lighting in 62% of fixed outlets
Good

Compared to E16 2QW

7 th / 44
Price Rank
33% higher than average
24 th / 40
Size Rank
6% smaller than average
1 st / 40
Price Per Sq FT Rank
41% higher than average

Compared to other properties in E16 2QW , this flat's estimated value ranks 7th out of 44. Based on price per square foot, it ranks 1st 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 24th out of 40 properties in its postcode area.

Sale History

Today
£651,721
streetscan.co.uk estimate
+92 %
17 Dec 2008
£340,000
Leasehold

Area Insights

Similar Properties Sold Nearby

Flat 601, The Galley, 3 Basin Approach, London, E16 2QW
rooms: 3
size: 807 sq ft
sale price: £408,000
sale date: 29 Sep 2016
Flat 301, The Galley, 3 Basin Approach, London, E16 2QW
rooms: 3
size: 678 sq ft
sale price: £266,000
sale date: 27 Feb 2013
Flat 202, The Galley, 3 Basin Approach, London, E16 2QW
rooms: 3
size: 807 sq ft
sale price: £240,000
sale date: 27 Nov 2009
Flat 402, The Galley, 3 Basin Approach, London, E16 2QW
rooms: 3
size: 797 sq ft
sale price: £235,000
sale date: 4 Nov 2009
Flat 606, The Galley, 3 Basin Approach, London, E16 2QW
rooms: 3
size: 689 sq ft
sale price: £250,000
sale date: 14 Aug 2009

Data Sources

The property at Flat 502, The Galley, 3 Basin Approach, London, Newham, Greater London Authority, E16 2QW appears once in the Land Registry records, with the transaction recorded on 17 Dec 2008. It also has two Energy Performance Certificates (EPC) entries, the earliest dating back to 7 Aug 2020. 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.
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