Fishguard Way, E16 2RX

2-bedroom flat · E16 2RX

2 baths

Asking

£275,000

Under offerListed 11 days

Investor metrics

Opportunity summary

See Archie’s verdict, returns by strategy and what to check before viewing.

Start free Log in

About

The property

Offered Chain free is this top floor two bedroom two bathroom apartment situated in the highly desirable Galleons Lock development.

The development is located walking distance to the town centre with local shops, bus stops and underground station. The property has a large private balcony with secure off street parking space.

Spencer James Residential is an independent estate agency established in 2002 specialising in all aspects of residential lettings, sales and property management.

We are serious about the pivotal role we play between our landlords and tenants; buyers and sellers.

Our clients are assured in the knowledge that we work under an approved code of practice, due to our memberships with recognised industry bodies including: the Association of Residential Lettings Agents (ARLA); the National Association of Estate Agents (NAEA); and the Property Ombudsman (Sales and Lettings).

Lounge/Diner Laminate flooring, wall mounted electric heater, double glazed balcony door to front giving access to balcony with river Thames views, double glazed window to side, open plan to kitchen Kitchen Range of eye and base level units, laminate flooring, double glazed window to side, kitchen appliances including four ring electric hob with extractor fan over, electric oven, sink with mixer tap over, electric oven, space and plumbing for washing machine, space for fridge freezer, open plan to lounge Entrance Hall Laminate flooring, doors to all rooms, wall mounted electric heater, 2 x cupboard (one housing hot water tank) Bedroom One Carpet flooring, wall mounted electric heater, double glazed window to front, door to en-suite En-suite Three piece suite comprising of low level wc, wash hand basin hot and cold tap over, shower cubicle.

Bedroom Two Carpet flooring, wall mounted electric heater, double glazed window to front, door to built-in cupboard providing storage.

Family Bathroom Three piece suite comprising of low level wc, wash hand basin hot and cold tap over, bath with mixer tap over.

Lease Details Lease Length: 170 Years Service Charge: £3410 annually Ground Rent £1 Parking Balcony

Key information

Council Tax Band

Band E

Estimated ~£2200/year

Tenure

Leasehold

Local Authority

Newham London Boro

London Borough

County

Greater London Authority

Value & comps

What is it worth?

No previous sales on record.

Comparable salesNo comps yet

No comparable sales matched this property yet.

Returns

What does it return?

Set an offer; the calculator follows it.

Rent evidence

Rental benchmark

Nearby rental comparables

Loading rental comparables…

Local SA Market

We're still gathering serviced-accommodation data for this area.

Archie refurb estimate: a Pro feature

Model an offerFeeds your report · not a commitment

0.0% below asking

Model

Run the numbers.

BTL · HMO · BRRR · SA · Flip — editable, saved scenarios

Investment calculatorBTL · BRRR · HMO · Flip · SA · R2R — editable inputs, saved scenarios

Investment Disclaimer

This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.

All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisors before making any investment decisions.

Past performance does not guarantee future results. Tax implications vary by individual circumstances.

Mortgage

Deal

Is it a deal?

Archie’s verdict

Archie has scored this property.

Deal score · weighted

Weak signals — move on

Factor breakdown

BMV discountNot calculated, and not zero — there is no value estimate for this property to discount against.

0/25

Yield potential—

0/25

Motivation signalsNot enough data

0/25

Days on market11 days

4/25

—

Seller motivation

Not scored yet

Days on market11

Price reduction—

STC fall-through—

Back to market—

Agency change—

EPC rating—

Listing timeline

Still activeDay 11 on marketToday

Strategy fit

No strategy scores available yet.

HMO Conversion Potential

Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.

Tier, yield projection, and cost stack — Pro tier only.

PD Conversion Potential

Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.

Tier, route, yield projection, and cost stack - Pro tier only.

BRRR Candidate

BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.

Tier, refurb cost, ARV, and refi maths - Pro tier only.

Plot subdivision potential

Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.

Lease extension arbitrage

Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.