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2 Bed Flat For Sale Albert Basin Way, London, E16

£350,000- Flat

Yield: 5.99%
1 of 1
Yield: 5.99%
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  • Rental Guide: £1,395 - £1,750
  • 2 Bedroom(s)
  • Description
  • Street View
  • Maps

Key Features

  • Two Bedroom
  • Two Bathroom
  • Open Plan Kitchen
  • Balcony
  • Close Galleons Reach Dlr
Last Updated: 21st December 2019

Description

A superb opportunity to purchase this two bedroom upper floor apartment moments from Albert Basin and The River Thames.
Situated on The Royal Quay Development within a short walking distance of Galleons Reach DLR station for easy access to Canary Wharf and The City. Galleons Reach shopping area is also close to hand. The accommodation comprises of two bedrooms, two bathrooms, bright spacious lounge with open plan kitchen and access to a balcony. Early Viewing is advised.

Nearby Stations

  • Gallions Reach DLR Station (0.2 miles away)
  • Cyprus DLR Station (0.4 miles away)
  • King George V DLR Station (0.6 miles away)
  • North Woolwich Rail Station (0.7 miles away)
  • Beckton DLR Station (0.7 miles away)

Nearby Schools

  • London Design and Engineering UTC (0.5 miles away)
  • University of East London (0.5 miles away)
  • Gallions Primary School (0.5 miles away)
  • Winsor Primary School (0.5 miles away)
  • New Directions (0.5 miles away)
Agent Details
Bairstow Eves
142, The Grove, London, E15 1NS
Show Contact Number
020 3151 3977

Forecast Score

Based on our analysis this property has been scored as:

Data Classified: Partially Classified
5.4

Forecast Report

Our predictive algorithms and data analysts; scan, compare and rank properties by future gains and current returns; helping you pick the perfect investment at a glance.

The following influencers contribute to our score:
  • Historical Data
  • Interest Rates
  • Mortgage Availability
  • Fiscal Policy
  • Recent Sold Prices
  • Housing Demand
  • Benchmarking Performance Against Other Asset Classes

Comparison with local sold prices

There is a lack of data to forecast this property with regards in comparison with local sold prices.
0

Profitability

There is a lack of data to forecast this property with regards of profitability.
0

Interest Rates

Bank of England Base Rate:
0.1%
Lower interest rates mean lower mortgage payments and makes property more affordable historically in times of low interest rate property prices tend to increase.
10

Mortgage Availability

Good mortgage availability causes property prices to increase as people can get mortgages and buy property.
5

Fiscal Policy

Due to recent economic uncertainty the government has adjusted their spending levels and lowered tax rate. Pumping money into the economy and its central bank in order to increase money supply.
8.4

Comparison with other investment alternatives

Investing in this property will give you a higher return when compared to other alternative investments.
6

Investment Analysis

Annual Rent:
Annual Mortgage Interest:
Annual Costs:

Calculators

These figures are for illustration purposes, please adjust for greater accuracy.
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Legal - YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY DEBT SECURED ON IT.

One&Only Pro are working in partnership with Midland Mortgage Bureau Limited. Midland Mortgage Bureau Limited is an appointed representative of The Right Mortgage Ltd, St Johns Court,70 St Johns Close, Knowle, B93 0NH, which is authorised and regulated by the Financial Conduct Authority. Midland Mortgage Bureau Limited financial Services Register number is 756490. The Right Mortgage Ltd Financial Services Register number is 649443.
Rental Data
2 Bedroom properties in “E16” are mostly listed between £1,395 - £1,750. There is limited data on listings in proximity to this property.

These figures should only be used as a guide, always get a rental assessment from a professional.
This is the potential achievable yield.
Potential Return-on-Cash Invested