1 Wray Avenue, London, E16
LI

1 Wray Avenue, London, E16

By Life Residential

£ 375,000

Reviews

3 out of 5 stars

Life Residential says ..

Studio | 513 sq ft | Private Balcony | River Thames views | Modern Kitchen | 990 year lease | 0.4 miles to Pontoon Dock DLR Modern studio apartment in E16 with a private balcony overlooking the Thames, concierge service, roof terrace access, and excellent transport links via Pontoon Do...

Property Oracle says ..

The property is located in the Royal Albert district of Newham, London. The area benefits from several nearby schools, including Drew Primary School and Calverton Primary School, both rated ‘Good’ by Ofsted. Several Southeastern train stations are within a reasonable distance, providing convenient transport links. While specific details on shops and places of significance are not provided, the proximity to the Royal Docks suggests potential access to amenities. The location score will reflect the balance of these positive aspects.

Based on the provided images, the apartment appears to be in excellent condition. It is modern, with contemporary fixtures and fittings. There is no visible evidence of wear and tear or the need for renovation. The property is clean and well-maintained. The rationale for the condition score will emphasize the modern design, the apparent lack of any necessary repairs, and the overall high standard of presentation.

The property includes a private balcony, offering some outdoor space. However, it does not appear to have a traditional garden. The plot size is relatively small for a London property. The rationale for the land score will acknowledge the presence of the balcony but will also consider the limited overall outdoor space available.

The list price is £375,000. The average price for properties in the area is £321,875, and the average price per square foot is £351. This property is 540.44 sqft, meaning a price per sqft of approximately £694. While the price per sqft is significantly higher than the area average, this could be justified by the modern condition of the apartment, the desirable location, and the inclusion of a private balcony. The rationale for the price score will compare the list price and price per sqft to local averages, considering the property’s features and condition to determine value for money.

Therefore, we give this property 6 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Price
7
Condition
10
Location
7
Land
3
Bedrooms
0
Bathrooms
1
Sqft (est)
540.44
Lot (est)
513.40

The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.

Metrics Year-on-Year

Average area value
508,444.00 £
Increased by 56.28 %
from 325,333.00 £
Est sale value
219,959.08 £
Increased by 21.49 %
from 181,047.40 £
Average area rental value
2,950.00 £/mo
Increased by 47.87 %
from 1,995.00 £/mo
Est letting value
1,080.88 £/mo
Unchanged by 0.00 %
from 1,080.88 £/mo
Est rental Yield
6.96 %
Decreased by 5.43 %
from 7.36 %
Crime Rate
4.00 %
Unchanged by 0.00 %
from 4.00 %

Agent Activity

  • Life Residential created the listing.

Nearby Schools

NameTypeOfstedDistance
Drew Primary SchoolAcademy ConverterGood0.72 KM
Calverton Primary SchoolCommunity SchoolGood0.99 KM
Royal Docks AcademyAcademy Sponsor LedGood1.15 KM
Royal Greenwich Trust SchoolFree SchoolsRequires improvement1.18 KM
Scott Wilkie Primary SchoolAcademy Converter1.38 KM

Images

Picture No. 08 Picture No. 13 Picture No. 07 Picture No. 09 Picture No. 10 Picture No. 11 Picture No. 12 Picture No. 02 Picture No. 06 Picture No. 03 Picture No. 04 Picture No. 05

Nearby Streets

NameAverage PriceAverage SqftDistance
Wray Avenue £ 620,00000.00 KM
North Woolwich Road £ 000.00 KM
Airport Roundabout £ 000.00 KM
East Periphery £ 000.00 KM
South Periphery £ 000.00 KM

Nearby Transport

NameNLCTLCDistance
Woolwich Dockyard5153WWD1.98 KM
Charlton5144CTN2.01 KM
Westcombe Park5151WCB3.18 KM
Woolwich Arsenal5152WWA3.44 KM
Kidbrooke5108KDB4.70 KM

Nearby Listings

AddressPriceTypeScoreDistance
Wray Avenue, London, E16 £ 325,000BUY7 / 100.00 KM
Wray Avenue, London, E16 £ 325,000BUY4 / 100.00 KM
1 Wray Avenue, London, E16 £ 375,000BUY6 / 100.00 KM
Wray Avenue, London, E16 £ 350,000BUY6 / 100.00 KM
Wray Avenue, London, E16 £ 375,000BUY6 / 100.00 KM

Nearby Properties

AddressPriceDistance
228 Wards Wharf Approach £ 380,0000.33 KM
201 Wards Wharf Approach £ 350,9950.33 KM
240 Wards Wharf Approach £ 400,0000.33 KM
221 Wards Wharf Approach £ 350,0000.33 KM
241 Wards Wharf Approach £ 400,0000.33 KM