1-bedroom flat · E16 2RJ
For saleReduced £30k (−13%) on 17 SepListed 63 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Spacious one bedroom apartment new with lease extension & parking.
Positioned on the ground floor of this popular block within the Galleon's Point Development, is this charming one bedroom apartment that would make an excellent first time purchase or investment.
The Property This apartment has been thoughtfully maintained by its current owners with contemporary paintwork, to create a home that is warm, stylish and modern.
Additional benefits include an excellent level of storage, unallocated off-street parking and an extended lease whilst the development benefits from a 24 hour estate security office.
The Location Grimsby Grove forms part of the popular Galleon's Point development that is nestled between Albert Dock and the River Thames.
There is easy access to a wide range of local amenities including, Gallion's Reach for local shopping and the large Tesco, Sainsburys and Asda, whilst there is also the choice of two local DLR stations.
There is also continual development locally and with the wider E16 postcode, include the Elizabeth Line at Custom House Station and the abp development on the northern side of the dock.
Our View This is a lovely apartment in a pleasant part of East London that is rapidly developing, and becoming increasingly popular with buyers.
Investors are attracted to the high level of investment in the local area, while buyers are attracted to the more favourable price point when compared with other parts London.
Residents also enjoy riverside walks and runs, as well as nearby green space of Royal Victoria Gardens.
There is an on-site management office which provides 24 hour development security and communal gardens with riverside walks/views. No onward chain.
Galleon's Point is situated by the River Thames in an area known as The Royal Docks. Transport links are excellent with King George V and Galleons Reach DLR stations located within a 10 minute walk.
Local bus routes can easily be accessed from the bus stops just outside the development. The A13, A406 and M11 all within a few minutes’ drive.
London City Airport and Gallion's Reach shopping park are also situated close by.
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
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 advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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.
Area
Agent & docs
FAQ
About 14, Grimsby Grove, London
Explore nearby