The Wellspring, Royal Eden Docks, E16
By Ivory Real Estate
£ 380,000
Reviews
2 out of 5 stars
Ivory Real Estate says ..
*Great value contract assignment due to be complete Q3 - Q4 2024* - Invest in the 'next Canary Wharf' Beyond the walls of your immaculate new home, you’ll be a part of the Royal Eden Docks development, along with all of the facilities and amenities that entails. As a resident of ...
Property Oracle says ..
This studio apartment at The Wellspring, Royal Eden Docks, E16, is situated within a new development in a rapidly regenerating part of East London. The property itself boasts a modern and stylish interior, as evident in the provided images. The finishes appear high-quality, consistent with new-build construction. Key features include modern fitted kitchen, modern bathroom, and access to a communal balcony. However, the absence of a private outdoor space is notable. The development provides a range of shared amenities, such as a gym, pool, cinema room, and co-working space, adding to the appeal. Regarding location, Canning Town is undergoing significant transformation with improved transport links to Canary Wharf and Central London. However, it’s still considered an up-and-coming area, and the long-term appreciation potential might be lower than in more established areas. While the property presents well, the £380,000 list price for a studio may be considered high for this area, especially given the lack of private outdoor space, and requires more comprehensive local market data to confirm its value. Prospective buyers should consider the trade-offs between the modern features and the development’s amenities, against the location’s current status and price point.
Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *
- Price
- 6
- Condition
- 9
- Location
- 7
- Land
- 1
- Bedrooms
- 0
- Bathrooms
- 1
- Sqft (est)
- 502.70
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
- 388,267.00 £Decreased by 11.51 %
- Est sale value
- 265,425.60 £Decreased by 4.00 %
- Average area rental value
- 2,387.00 £/moIncreased by 9.80 %
- Est letting value
- 1,508.10 £/moIncreased by 50.00 %
- Est rental Yield
- 7.38 %Increased by 24.03 %
- Crime Rate
- 10.00 %Unchanged by 0.00 %
Agent Activity
Ivory Real Estate created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| Oasis Academy Silvertown | Free Schools | Good | 0.60 KM |
| Britannia Village Primary School | Academy Converter | 0.64 KM | |
| Hallsville Primary School | Academy Converter | 0.74 KM | |
| Keir Hardie Primary School | Community School | Good | 0.92 KM |
| Edith Kerrison Children'S Centre | Children's Centre | 0.94 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| West Ramp | £ 0 | 0 | 0.00 KM |
| Coolfin Road | £ 0 | 0 | 0.00 KM |
| Seagull Lane | £ 429,286 | 0 | 0.00 KM |
| Chaseway Lodge | £ 295,000 | 0 | 0.00 KM |
| Southampton Mews | £ 0 | 0 | 0.00 KM |
Nearby Transport
| Name | NLC | TLC | Distance |
|---|---|---|---|
| Charlton | 5144 | CTN | 2.60 KM |
| Westcombe Park | 5151 | WCB | 2.74 KM |
| West Ham | 7474 | WEH | 2.91 KM |
| Maze Hill | 5149 | MZH | 3.60 KM |
| Woolwich Dockyard | 5153 | WWD | 4.05 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| The Wellspring, Royal Eden Docks, E16 | £ 380,000 | BUY | 5 / 10 | 0.00 KM |
| Western Gateway, London, E16 | £ 375,000 | BUY | 6 / 10 | 0.00 KM |
| The Wellspring, Royal Eden Docks, E16 | £ 405,000 | BUY | 6 / 10 | 0.00 KM |
| The Ellipse, Royal Eden Docks, E16 | £ 450,000 | BUY | 6 / 10 | 0.00 KM |
| Queens Cross - Royal Eden Docks, Royal Docks, E16 | £ 509,500 | BUY | 6 / 10 | 0.01 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 2 Murray Square | £ 223,000 | 0.22 KM |
| 70 Murray Square | £ 390,000 | 0.22 KM |
| 76 Murray Square | £ 460,000 | 0.22 KM |
| 72 Murray Square | £ 466,000 | 0.22 KM |
| 42 Murray Square | £ 525,000 | 0.22 KM |