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2 bed flat for sale

£670,000

Royal Victoria Residence, Tidal Basin Rd, Silvertown, London E16

2
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Property features

  • 2 Bed 2 Bath Apartment - 921 sq ft
  • 13th Floor with Private Balcony
  • Nw Aspect - Overlooking O2 Arena
  • 24 hr Concierge & Communal Gardens
  • 2 min walk to Royal Victoria DLR
  • 5 min walk to Custom House
  • 175 Year Leasehold (from 1999)
  • Completion: February 2018

Property description

New Build Sales presents this contemporary 2 bed 2 bath apartment set on the 13th floor to the Royal Victoria Residence; a new landmark development situated in London's historic Royal Docks and within minutes from Royal Victoria DLR and the forthcoming Crossrail (2018).

Rising 23-storeys with expansive views of Canary Wharf and the city, this collection of apartments redefines luxury living by combining exclusive specifications with breathtaking views and stunningly spacious interiors.

The apartment comprises a custom designed kitchen fully fitted with integrated appliances, engineered oak flooring, carpeting and fitted wardrobe to bedrooms, and a beautifully finished bathroom with en-suite to master bedroom. This property further benefits from video entryphone security, and its own private balcony offering wonderful views of the iconic O2 Arena.

**Photos are for illustrative purposes only**

Located within immediate proximity to landmark projects such as ExCel London, Silvertown Quays and the new Asian Business Port, this property is situated in one of the best-connected areas in London which will be further enhanced by the arrival of Crossrail (2018).

From Royal Victoria DLR:
- Canning Town (Jubilee) in 2 min
- Custom House (Crossrail 2018) in 3 min
- Asian Business Port in 7 min
- Canary Wharf in 8 min
- London City Airport in 15 min

Crossrail Travel Times (from Custom House):
- Liverpool Street in 10 min
- Bond Street in 17 min

The area is currently undergoing exciting changes with £22bn worth of investment, including a £3.7bn regeneration masterplan transforming Canning Town into one of the most dynamic and vibrant areas of East London; Crossrail, Europe's largest infrastructure project; and the new £1bn Asian Business Port (abp) which aims to create London's third financial district alongside The City and Canary Wharf. This investment alone is estimated to create 20,000 full time jobs and boost local employment by 30% - giving Royal Victoria Residence a rental catchment that is second to none.


Property info

Floorplan(s): Floorplan 1

Floorplan 1 View original

Market activity
Average price paid £383,868 Sales 358 Current average value £395,258 (Zoopla Zed-Index) Value change £6,991 ▲ 1.80%

Property value data/graphs for E16

Property type Avg. current value Avg. £ per sq ft. Avg. # beds Avg. £ paid (last 12m)
Detached £401,872 £381 3.1 £377,250
Semi-detached £373,227 £445 2.9 £439,900
Terraced £366,617 £443 2.9 £388,271
Flats £409,963 £590 1.9 £381,351

Current asking prices in E16

Average: £525,424
Avg. current asking prices in E16
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £421,431
(8)
£496,320
(25)
£581,687
(45)
£979,163
(15)
-
Flats £418,607
(383)
£544,824
(330)
£746,084
(143)
£770,142
(7)
-
All £418,665
(391)
£541,408
(355)
£706,734
(188)
£912,657
(22)
-

Current asking rents in E16

Average: £1,616 pcm
Avg. current asking prices in E16
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £1,031 pcm
(10)
£1,504 pcm
(17)
£1,830 pcm
(37)
£2,065 pcm
(9)
£2,201 pcm
(1)
Flats £1,343 pcm
(227)
£1,696 pcm
(263)
£2,260 pcm
(43)
£2,378 pcm
(8)
£2,399 pcm
(5)
All £1,330 pcm
(237)
£1,684 pcm
(280)
£2,061 pcm
(80)
£2,212 pcm
(17)
£2,366 pcm
(6)

Fun facts for E16

Highest value in E16
Highest value streets Zed-Index
Hanover Avenue £607,158
Rayleigh Road £593,450
Hartlepool Court £575,077
Constable Avenue £562,436
Wards Wharf Approach £560,061
Highest turnover in E16
Highest turnover streets Turnover
Fairfax Mews 40.7%
Pankhurst Avenue 38.9%
Lowestoft Mews 38.3%
Grimsby Grove 36.1%
Glencairne Close 35.7%

What Zoopla users think of E16

Overall rating:

  • currently 3.5 stars
Good - 71% (319 ratings)

Ratings breakdown:

  • currently stars
Community & safety
  • currently stars
Entertainment & nightlife
  • currently stars
Parks & recreation
  • currently stars
Restaurants & shopping
  • currently stars
Schools & public services
  • currently stars
Transport & travel

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  • 1
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  • currently stars
  • 1
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  • currently stars
  • 1
  • 2
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  • 4
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  • currently stars
  • 1
  • 2
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Transport & travel
  • currently stars
  • 1
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  • 5

Nearby transport

  • Royal Victoria (0.1 miles)
  • Canning Town (0.5 miles)
  • West Silvertown (0.5 miles)
  • London City Airport (1.8 miles)
  • London Heathrow Airport (20.6 miles)
  • London Gatwick Airport (26.5 miles)
  • North Greenwich Pier (0.5 miles)
  • East India Pier (0.8 miles)
  • Barrier Gardens Pier (1.5 miles)

Nearby schools

View all schools in Newham
  • Faraday School (0.3 miles)
  • Hallsville Primary School (0.3 miles)
  • St Luke's Primary School (0.3 miles)
  • Newham Sixth Form College (1.1 miles)
  • New City College (1.4 miles)
  • City Gateway 14-19 Provision (1.7 miles)
  • Oasis Academy Silvertown (0.6 miles)
  • Rokeby School (0.7 miles)
  • The Royal Docks Community School (0.9 miles)
Note: Distances are straight line measurements

Local info for Newham

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For more information about this property, please contact
New Build Sales, E14 on +44 20 3544 5378 * (local rate)

Monthly running costs Beta

£2,701 Monthly total

Mortgage

Purchase price
Deposit (10%) 67,000
Repayment term 25
Interest rate 1.5
Your payment £2,411 /mo How Much Could I Borrow

These results are not provided by NatWest and are only indicative based on a repayment mortgage product. Repayments will be subject to the product provided and your circumstances.

Your home or property may be repossessed if you do not keep up repayments on your mortgage.

Home Insurance

Rebuild value up to £1,000,000 Contents value up to £75,000 Average insurance cost £20/mo (£236/yr)
Compare insurance deals now In partnership with uSwitch
Home insurance costs explained

Home Insurance is based on the average price of a building and contents quote for a property in this area in the last 48 months.

Source: Autonet Insurance Ltd

Energy

Gas £27 Electricity £37 Estimated energy cost £64/mo

Similar properties could save up to £246

How Much Could I Save? In partnership with uSwitch
Energy costs explained

The estimated energy cost for this property has been calculated using actual energy usage data for a property of this type, number of bedrooms and region.

Estimated consumption

Gas: 9500 kWh/year
Electricity: 2800 kWh/year

Source: National Energy Efficiency Data Framework

Council Tax

Local authority

Newham

Estimated tax band F Council tax cost £180 /mo
when paid over 10 months
Council tax costs explained

The Council Tax cost displayed is based on the council tax band and on the basis of 2 adults living at the property. The monthly cost shown excludes any discounts and is rounded to the nearest pound.

Full information on Council Tax discount entitlements can be found on the Gov.UK’s website.

Water

Supply £13 Sewerage £13 Estimated water cost £26 /mo
Water costs explained

Water consumption is based on average water usage for the predicted occupancy of the property based on the number of bedrooms.

Total annual consumption (in cubic meters) is then averaged into a monthly cost.

Note: If you have 2 separate suppliers for water and sewage, you may receive 2 separate bills.

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by New Build Sales, and do not constitute property particulars. Please contact New Build Sales for full details and further information. The Running Costs data displayed on this page are provided by Zoopla to give an indication of potential running costs based on various data sources. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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