According to the public record, 138, Discovery Tower 1, London is a modern leasehold apartment with 559 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a balcony.
The apartment is in Discovery Tower, Terry Spinks Place, London, E16.
Terry Spinks Place, London, E16 is located in the borough of Newham within the E16 postal district.
138, Discovery Tower 1, London has a single entry in the Land Registry database from March 2018 and a single entry in the EPC database dated July 2017.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 138 Discovery Tower 1 London as £394,819 and the rental value as £2,039 per month giving an expected gross yield of 6.2%.
Over the last 12 months the sale value of 138 Discovery Tower 1 London has decreased by £2,251 (0.6%) and its rental value has increased by £55 per month (2.7%).
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If 138, Discovery Tower 1, London is in very good condition we estimate a sale value of £414,560 and rental value of £2,141 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £367,182 and a rental value of £1,896 per month.
If you were able to purchase this property for the estimated value of £394,819, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,940 per month.
This figure is only an estimate but we've partnered with Mortgage Advice Bureau who can provide a figure tailored for you! Get started using their mortgage finder below.
According to HM Land Registry, 138, Discovery Tower 1, London was last sold on 13 Mar 2018 for £408,430 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Mar 2018, the market for similar properties has dropped 0.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 138, Discovery Tower 1, London within a radius of 280 metres over the last 2 years.
The most recent example is 45, Charles Darwin House 17, Minnie Baldock Street, London, E16 1YE, a Leasehold flat which sold for £420,000 in Sep 2023.
Read more about house prices in E16.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Terry Spinks Place, London, E16 has a total of 160 addresses. According to our analysis of all the public data, 138, Discovery Tower 1, London is the 158th largest and the 158th most expensive property on the street.
When compared to the postcode district it is £7k more expensive than the average property in E16.
138, Discovery Tower 1, London has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 18 Jul 2017.
The property is not connected to mains gas and has high performance glazing. It is heated using a community scheme.
The closest station to 138, Discovery Tower 1, London is Star Lane station which is 400 metres away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around 138, Discovery Tower 1, London, 41.0% of property is socially rented and 25.6% is privately owned with a mortgage.
The graph below shows how this compares to Greater London and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around 138, Discovery Tower 1, London, 25.2% of residents are recorded as possessing school level qualifications and 25.8% as possessing degree level qualifications.
The graph below shows how this compares to Greater London and the rest of England & Wales
The most recent census in 2021 recorded the age of all UK residents.
In the area around 138, Discovery Tower 1, London, the average age was 33.3 and the most common age was 27.
The graph below shows how this compares to Greater London and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around 138, Discovery Tower 1, London, 0.7% of property was a second home.
Comparison figures for Greater London and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around 138, Discovery Tower 1, London, there are an average of 0.8 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.