2-bedroom flat · E16 1DZ
For saleListed 110 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
WESTERN BEACH APARTMENTS, HANOVER AVENUE, E16 — ROYAL VICTORIA DOCK / ROYAL DOCKS | See Virtual Tour 851 SQFT | 2 BED | 2 BATH | FIRST FLOOR (LIFT) | LEASEHOLD 168 YRS | EPC C ASSET First-floor two-bedroom, two-bathroom flat with lift access, 851 sqft gross internal.
A very large open-plan reception room and kitchen (24'10" x 17'4") opens onto an exceptional near-32 ft principal balcony, with a second balcony off the reception — around 379 sqft of private outside space across two aspects.
Principal bedroom with en-suite and fitted wardrobe, a second double bedroom with fitted wardrobe, a family bathroom, two fitted wardrobes and generous hallway storage.
Western Beach Apartments is a modern, gated dockside development overlooking Royal Victoria Dock in the thriving Royal Docks, with lift access, secure entry, communal gardens and underground parking (where purchased).
TENURE & HOLDING COSTS Leasehold — 168 years remaining. Ground rent: TBC. Service charge: TBC. Council tax: E (LB Newham). EPC: C. CONDITION Refurbishment required.
Services and appliances have not been and will not be tested. CONNECTIVITY West Silvertown (DLR) and Royal Victoria (DLR) — both around a five-minute walk.
Custom House (Elizabeth line and ExCeL) — roughly a ten-minute walk, one stop from Canary Wharf and direct to Stratford, the City, the West End and Heathrow.
Canning Town (Jubilee line and DLR) and the IFS Cloud Cable Car (formerly Emirates Air Line) are both close by.
The ExCeL Centre, Royal Victoria Dock waterfront, bars and restaurants are on the doorstep.
BUY CASE 851 sqft two-bedroom, two-bathroom flat with two balconies — an exceptional near-32 ft principal terrace — and lift access, on a clean 168-year lease, in a gated dockside development overlooking Royal Victoria Dock.
Five minutes from West Silvertown and Royal Victoria DLR and ten from the Elizabeth line at Custom House, one stop from Canary Wharf.
Refurbishment is the value lever, and both the floor area and the outside space sit among the larger two-beds in the building.
Two exits: resale to an owner-occupier or Docklands/Canary Wharf professional following modernisation, or a single-let investment to the same commuter, ExCeL and City Airport rental market.
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Value & comps
No previous sales on record.
Returns
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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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