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Western Gateway, London E16

London

£699,950
Listed on 17/09/2025

Property Details

Bedrooms
2
Type
Detached house
Area
1485 sqft

Description

This well-located penthouse apartment features two bedrooms and is set across two levels, offering a unique opportunity for renovation and investment. Situated on the waterfront at the Royal Victoria Docks, this property boasts a generous south-facing balcony that provides stunning views of the city skyline, perfect for outdoor relaxation or entertaining. The layout features an expansive living and dining area with floor-to-ceiling windows that flood the space with natural light. A striking glass and steel spiral staircase connects to the upper floor, where you'll find spacious bedrooms with panoramic water views. The property includes a fully fitted kitchen equipped with modern appliances, as well as two bathrooms—one being an en-suite to the master bedroom, both of which offer potential for updating to suit contemporary tastes. Located just a short walk from the DLR and Elizabeth line stations, this penthouse benefits from excellent transport links directly into central London and beyond. The vibrant Royal Victoria Dock area is rich in amenities, featuring restaurants, cafes, and leisure activities such as wakeboarding and paddleboarding. The nearby Excel Centre hosts numerous events throughout the year, adding to the locale's appeal. In addition to its desirable location, the property includes a range of amenities such as 24-hour concierge service, access to a residents' gym, and secure parking. With some modernization and personalization efforts, this apartment has significant potential for appreciation in value. Furthermore, it comes with a long leasehold of 134 years remaining. This penthouse offers a blend of urban convenience and waterfront tranquility—ideal for homeowners looking to create their perfect living space or investors seeking an opportunity in one of London's most dynamic areas.

Investment Analysis

(E16 area)

Below Market Value

This property is priced -20.8% below area average per sq ft

-20.8%
Potential saving
This Property
£471/sq ft
Area Average
£595/sq ft
Avg Rent (weekly)
£511
Avg Yield
6.1%

Renovation Potential

Est. Renovation Cost
£69,995 - £174,988
10-25% of property value
Target Value
£972,014
10% above area average per sq ft
Potential ROI
+11.1%
After renovation
Monthly Sales
32
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (E16)

Area prices are falling by +11.5% over the last 12 months
3 year growth: -6.0%
5 year growth: -1.4%
Investment Disclaimer: Analysis based on E16 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Western Gateway, London E16
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