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2 bed flat for sale

£113,750 (£168/sq. ft) Shared ownership

Devons Road, London E3

2 1 1 679 sq. ft*

Images may include optional upgrades at additional cost

Interested in this property? Call +44 20 8115 8061 * or Request Details

* Calls to this number will be recorded for quality, compliance and training purposes.

Property description

Merchants Walk - The New Collection - Over 95% Sold

Purchase your new home and get your legal fees paid + £500 Vouchers!*
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These shared ownership apartments provide you with a generous open space, high specification finishes and timeless style. Relax on your private balcony, step away from the hustle and bustle of the day and enjoy the skyline and vibrant lights of London at night.

Close enough to walk to Canary Wharf or cycle to the City; Merchants Walk is located in Zone 2 making it superbly connected to central London and the Olympic regeneration zone.

Stay Connected

Stratford - 5mins
Canary Wharf - 7 mins
Bank - 17 mins
Liverpool Street - 17 mins

Just 5 minutes to Stratford on the DLR or a leisurely 12 minute cycle, your new home at Merchants Walk is perfectly positioned to enjoy Queen Elizabeth Olympic Park. London's newest park encompasses unique parklands, waterways, venues and attractions. These include three new iconic venues, The London Stadium, the London Aquatics Centre and the striking ArcelorMittal Orbit sculpture.

This is cool, urban living at its best; attractive, vibrant and accessible. A spectacular place to live, work and play.

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cgi's are for indicative purposes only. Internal imagery is of 2 bedroom show apartment.

*Legal fees paid up to £1000. £500 vouchers are through Love2Shop. Valid on remaining available homes only.

Cgi's are for indicative purposes only. Internal imagery is of 2 bedroom show apartment.

To be eligible for this property you must:

- Have a household income less than £90,000 per annum

- Not currently own a home


Property info

2 Bedroom Indicative Floorplan View original

Market activity
Average price paid £478,686 Sales 440 Current average value £445,481 (Zoopla Zed-Index) Value change -£6,581 ▼ -1.46%

Property value data/graphs for E3

Property type Avg. current value Avg. £ per sq ft. Avg. # beds Avg. £ paid (last 12m)
Detached £630,995 £638 3.2 £758,500
Semi-detached £753,609 £742 3.1 £811,250
Terraced £725,229 £685 3.1 £864,653
Flats £387,542 £614 2.0 £425,477

Current asking prices in E3

Average: £519,173
Avg. current asking prices in E3
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £375,000
(1)
£641,357
(14)
£854,378
(25)
£1,013,325
(12)
£995,650
(6)
Flats £362,027
(112)
£482,497
(182)
£555,379
(83)
£470,555
(9)
-
All £362,142
(113)
£493,844
(196)
£624,591
(108)
£780,709
(21)
£995,650
(6)

Current asking rents in E3

Average: £1,567 pcm
Avg. current asking prices in E3
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £775 pcm
(13)
£1,569 pcm
(7)
£2,393 pcm
(17)
£2,511 pcm
(22)
£3,611 pcm
(3)
Flats £1,177 pcm
(218)
£1,733 pcm
(175)
£2,212 pcm
(67)
£2,102 pcm
(35)
£2,715 pcm
(7)
All £1,155 pcm
(231)
£1,727 pcm
(182)
£2,249 pcm
(84)
£2,260 pcm
(57)
£2,984 pcm
(10)

Fun facts for E3

Highest value in E3
Highest value streets Zed-Index
Tredegar Square £1,256,632
Rhondda Grove £1,156,952
Tredegar Terrace £941,426
Morgan Street £935,388
Aberavon Road £888,339
Highest turnover in E3
Highest turnover streets Turnover
Richard Tress Way 183.3%
Axio Way 75.0%
Rainhill Way 54.9%
Ropery Street 45.5%
Eastside Mews 42.6%

What Zoopla users think of E3

Overall rating:

  • currently 4 stars
Very good - 77% (264 ratings)

Ratings breakdown:

  • currently 3.5 stars
Community & safety
  • currently 3 stars
Entertainment & nightlife
  • currently 4.5 stars
Parks & recreation
  • currently 3.5 stars
Restaurants & shopping
  • currently 4 stars
Schools & public services
  • currently 4.5 stars
Transport & travel

Rate E3:

Tell us what you think of this area by rating these categories.
Please note your vote will only be counted once.

Community & safety
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Entertainment & nightlife
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Parks & recreation
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Restaurants & shopping
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Schools & public services
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Transport & travel
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5

Nearby transport

  • Devons Road (0.1 miles)
  • Bromley-By-Bow (0.4 miles)
  • Bow Church (0.5 miles)
  • London City Airport (3.4 miles)
  • London Heathrow Airport (19.3 miles)
  • London Gatwick Airport (26.8 miles)
  • Canary Wharf Pier (1.1 miles)
  • East India Pier (1.2 miles)
  • Hilton Docklands Nelson Dock Pier (1.3 miles)

Nearby schools

View all schools in Tower Hamlets
  • The Clara Grant Primary School (0.1 miles)
  • Marner Primary School (0.3 miles)
  • Manorfield Primary School (0.3 miles)
  • London Academy of Excellence (1.5 miles)
  • City Gateway 14-19 Provision (1.5 miles)
  • East London Arts & Music (1.5 miles)
  • St Paul's Way Trust School (0.3 miles)
  • Ian Mikardo School (0.4 miles)
  • Bow School (0.4 miles)
Note: Distances are straight line measurements

Local info for Tower Hamlets

About the neighbours in E3

AskMe Q&A for Tower Hamlets

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* Sizes listed are approximations. Please contact the agent to verify actual sizes.

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For more information about this property, please contact
Peabody - Merchants Walk Shared Ownership, E3 on +44 20 8115 8061 * (local rate)

Monthly running costs Beta

£508 Monthly total

Mortgage

Purchase price
Deposit (10%) 11,375
Repayment term 25
Interest rate 1.5
Your payment £409 /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

Contents value up to £75,000 Average insurance cost £12/mo (£138/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 £26 Electricity £35 Estimated energy cost £61/mo

Similar properties could save up to £214

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: 7600 kWh/year
Electricity: 2700 kWh/year

Source: National Energy Efficiency Data Framework

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.

Contact Peabody - Merchants Walk Shared Ownership about this property

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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 Peabody - Merchants Walk Shared Ownership, and do not constitute property particulars. Please contact Peabody - Merchants Walk Shared Ownership 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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