Flat 503, The Galley, 3 Basin Approach, London, E16 2QW is a leasehold flat built in 2007 onwards. The property offers approximately 560 square feet of living space and is situated on the 5th floor. In this location, apartments of similar size usually have one bedroom.

The estimated current market value of the property is £411,250 , which equates to approximately £735 per square foot. It was last sold on 16 May 2008 for £250,000. Since then, the value has increased by £161,250, representing a 64.5% increase, or approximately 3.7% per year.

The current estimated value of £411,250 is:

  • 36.2% lower than the average property price on Basin Approach
  • 16.4% lower than the average in the E16 2QW postcode area
  • and 50.8% 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
560 sq ft
Tenure
Leasehold
Floor level
5th floor
Price (estimate)
£411,250
Price Per sq ft (estimate)
£735
Bedroom Count (estimate)
1 bedroom

EPC Summary

Flat 503, The Galley, 3 Basin Approach, London, Newham, Greater London Authority, E16 2QW has an Energy Performance Certificate (EPC) rating of B, based on the latest assessment carried out on 31 May 2019.

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 12 Jun 2009, when the property was rated C. Since then, the rating has improved to B, with the energy efficiency score increasing by 7.6%.

Since the previous assessment, several changes were observed:

  • The main heating energy efficiency improving from poor to average, while the heating system type remained the same (electric underfloor heating).
  • The hot water energy efficiency improving from poor to average, while the system remained as electric immersion, off-peak.
  • The lighting was updated from low energy lighting in 10% of fixed outlets to low energy lighting in 70% of fixed outlets, with efficiency improving from poor to very good.
Heating Type
Electric underfloor heating
Average
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 70% of fixed outlets
Very Good

Compared to E16 2QW

32 nd / 44
Price Rank
16% lower than average
32 nd / 40
Size Rank
27% smaller than average
10 th / 40
Price Per Sq FT Rank
15% higher than average

Compared to other properties in E16 2QW , this flat's estimated value ranks 32th out of 44. Based on price per square foot, it ranks 10th 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 32th out of 40 properties in its postcode area.

Sale History

Today
£411,250
streetscan.co.uk estimate
+65 %
16 May 2008
£250,000
Leasehold

Area Insights

Similar Properties Sold Nearby

rooms: 3
size: 570 sq ft
sale price: £400,000
sale date: 7 Aug 2020
rooms: 2
size: 527 sq ft
sale price: £300,000
sale date: 18 Dec 2019
rooms: 2
size: 560 sq ft
sale price: £301,000
sale date: 14 Jun 2018
rooms: 2
size: 560 sq ft
sale price: £170,000
sale date: 26 Mar 2009
rooms: 2
size: 549 sq ft
sale price: £265,000
sale date: 21 Jul 2008

Data Sources

The property at Flat 503, The Galley, 3 Basin Approach, London, Newham, Greater London Authority, E16 2QW appears once in the Land Registry records, with the transaction recorded on 16 May 2008. It also has two Energy Performance Certificates (EPC) entries, the earliest dating back to 31 May 2019. 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.