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Albert Basin Way, LONDON

London

£255,000Guide Price

Listed on 10/07/2026

Property details

Bedrooms
2
Type
Flat

Description

This long leasehold second-floor flat presents a valuable investment opportunity, requiring modernisation to enhance its appeal and maximise rental income. Comprising two bedrooms, an open-plan reception room with kitchen, a bathroom, and a balcony, the property is currently tenanted with a rental yield of £23,100 per annum. It is located conveniently near Gallions Reach DLR station and local bus services, providing easy access to shopping facilities and leisure activities in the vibrant surroundings of Canary Wharf and Royal Docks. With approximately 177 years remaining on the lease from March 2003, this flat offers substantial potential for those looking to invest in a flourishing area. Offered at auction on July 28, 2026, it invites creative vision to transform it into a desirable living space.

Investment analysis

(E16 area)
Area Average
£594/sq ft
Avg Rent (weekly)
£518
Avg Yield
6.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
32
Average per month
Market Turnover
4%
Properties sold annually

Local Market Trend (E16)

Area prices are falling by -5.7% over the last 12 months
3 year growth: -3.6%
5 year growth: -10.8%
Investment Disclaimer: Analysis based on E16 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. 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

Albert Basin Way, LONDON
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Mortgage calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£963
Based on a loan of £191,250 over 30 years at 4.45% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

Stamp duty calculator

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