3-bedroom flat · E16 2ZQ
For saleListed 126 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Property reference number: 1640275 A fantastic 3-bedroom, 2-bathroom apartment with a private balcony in Wray Avenue, Newham.
Available through Shared Ownership from £275,000 for a 50% share of £550,000.
This 3‐bedroom home features a main bedroom with a fitted wardrobe and en-suite, alongside a bright open-plan living space with floor-to-ceiling windows.
The modern kitchen includes integrated appliances, and a private balcony provides the perfect spot to relax.
Additional benefits include underfloor heating, concierge service, communal garden and terrace, allocated parking, and secure bike storage.
Located in a well-connected area, you’ll have easy access to local amenities and landmarks, including ExCeL London, Thames Barrier Park, and London City Airport.
With excellent transport links nearby, commuting into the city and beyond is quick and convenient.
Closest stations: Pontoon Dock DLR (0.3 miles), Custom House (0.7 miles), Canning Town (1.5 miles) Bus routes nearby: 129,241,325,330,473,474,687 Key features: - Private allocated parking - Fitted wardrobe to main bedroom - Open-plan living space - Floor-to-ceiling windows - Private balcony - Communal garden and terrace - service - Underfloor heating - Integrated appliances - Secure underground bike storage Financial information Tenure: Leasehold Remaining lease term: 993 years Annual ground rent amount: £0 Ground rent review period: Applicable upon final staircasing Annual service charge amount: £5,763.12 Service charge review period: Annually Council tax band: E *Financial information correct as of 12/06/2026
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
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.
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.
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.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
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.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
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