Inverness Mews, E16 2SP

2-bedroom flat · E16 2SP

775 sq ft2 baths

Asking

£360,000

For saleListed 11 days

Chain Free

Investor metrics

Opportunity summary

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About

The property

Spencer James are pleased to offer Chain Free is this well presented second floor two double bedroom, two bathroom apartment located in the popular Galleons Lock development.

The developments benefits from onsite shops and 24 security.

The property benefits from open plan kitchen, double glazed windows and balcony doors, electric heating, direct river Thames views, allocated underground parking plus one unallocated above ground 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, double glazed window to side, double glazed doors to front giving access to balcony, wall mounted electric heater, open plan to kitchen.

Kitchen Double glazed window to side, range or eye and base level units, kitchen appliances including washing machine, fridge freezer, electric hob with extractor fan over, sink with mixer tap over, laminate flooring and splash back.

Entrance Hall Wall mounted electric heater, door to cupboard housing hot water tank, doors to all rooms.

Bedroom One Carpet flooring, wall mounted electric heater, double glazed window to front, door to built in cupboard.

En-Suite Fully Tiled bathroom suite comprising of low level wc, wash hand basin with mixer tap over, shower cubicle.

Bedroom Two Carpet flooring, wall mounted electric heater, double glazed window to front.

Family Bathroom Part tiles walls, tiled flooring, three piece suite comprising of low level wc, wash hand basin with mixer tap over, bath with mixer tap Lease Details Lease Length 972 Years Ground Rent £1.00 Service Charged £3,292 Per Annum Balcony Central Heating Double Glazing

Chain Free

Key information

Price per Square Foot

£465/sq ft

Based on 775 sq ft (72 sq m)

Floor Area

775 sq ft (72 sq m)

Council Tax Band

Band E

Estimated ~£2200/year

Tenure

Share of Freehold

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?

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Rent evidence

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Local SA Market

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Deal

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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.