The Wellspring, Royal Eden Docks, E16
IV

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 %
from 438,751.00 £
Est sale value
265,425.60 £
Decreased by 4.00 %
from 276,485.00 £
Average area rental value
2,387.00 £/mo
Increased by 9.80 %
from 2,174.00 £/mo
Est letting value
1,508.10 £/mo
Increased by 50.00 %
from 1,005.40 £/mo
Est rental Yield
7.38 %
Increased by 24.03 %
from 5.95 %
Crime Rate
10.00 %
Unchanged by 0.00 %
from 10.00 %

Agent Activity

  • Ivory Real Estate created the listing.

Nearby Schools

NameTypeOfstedDistance
Oasis Academy SilvertownFree SchoolsGood0.60 KM
Britannia Village Primary SchoolAcademy Converter0.64 KM
Hallsville Primary SchoolAcademy Converter0.74 KM
Keir Hardie Primary SchoolCommunity SchoolGood0.92 KM
Edith Kerrison Children'S CentreChildren's Centre0.94 KM

Images

Picture No. 16 Picture No. 12 Picture No. 06 Picture No. 15 Picture No. 11 Picture No. 07 Picture No. 04 Picture No. 08 Picture No. 09 Picture No. 10 Picture No. 13 Picture No. 14 Picture No. 03

Nearby Streets

NameAverage PriceAverage SqftDistance
West Ramp £ 000.00 KM
Coolfin Road £ 000.00 KM
Seagull Lane £ 429,28600.00 KM
Chaseway Lodge £ 295,00000.00 KM
Southampton Mews £ 000.00 KM

Nearby Transport

NameNLCTLCDistance
Charlton5144CTN2.60 KM
Westcombe Park5151WCB2.74 KM
West Ham7474WEH2.91 KM
Maze Hill5149MZH3.60 KM
Woolwich Dockyard5153WWD4.05 KM

Nearby Listings

AddressPriceTypeScoreDistance
The Wellspring, Royal Eden Docks, E16 £ 380,000BUY5 / 100.00 KM
Western Gateway, London, E16 £ 375,000BUY6 / 100.00 KM
The Wellspring, Royal Eden Docks, E16 £ 405,000BUY6 / 100.00 KM
The Ellipse, Royal Eden Docks, E16 £ 450,000BUY6 / 100.00 KM
Queens Cross - Royal Eden Docks, Royal Docks, E16 £ 509,500BUY6 / 100.01 KM

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AddressPriceDistance
2 Murray Square £ 223,0000.22 KM
70 Murray Square £ 390,0000.22 KM
76 Murray Square £ 460,0000.22 KM
72 Murray Square £ 466,0000.22 KM
42 Murray Square £ 525,0000.22 KM