Sold STC House

FLAT 33

FESTUCA HOUSE, 38, MIRABELLE GARDENS, LONDON, OLYMPIC PARK, GREATER LONDON E20 1BR

2 beds Listed 3 Sep 2021 (-1741d)

£540,000

Offers in Excess of

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Property details

Tenure

LEASEHOLD

Last sold

£535,000 Mar 2022

Street crime

1364 incidents within 1 mile (Apr 2026)

Key features

  • Two Bedroom Apartment - Top Floor (8th)
  • EWS1 Obtained with B1 rating
  • East Village Location
  • Olympic Park on your doorstep
  • Short walk to Hackney Wick
  • Private Balcony
  • Two Bathrooms
  • Underfloor Heating
  • Stratford International Station
  • Chain Free

Additional details

Garden
Yes

Description

A sleek and spacious two double bedroom, two bathroom apartment with balcony on the eighth floor of a contemporary development in East Village. You're in the heart of Stratford here, ideally located for transport links and green spaces.

The Queen Elizabeth Olympic Park, packed with world-class sporting facilities and attractions, is a mere eight minute walk from your front door. From the ArcelorMittal Orbit, to the Velopark, Aquatics Centre and Wetlands Walk, you'll always have something new to do just moments away.

IF YOU LIVED HERE

You'll have Stratford's exciting neighbourhood of East Village right on your doorstep. The former Olympic athletes' village is home to a huge variety of independent bars, cafes and restaurants, from the award-winning Tina, We Salute You to the fine dining of Santi and Allegra. There's also a great range of artisanal shops and regular community events, including the East Village market. That's before we even mention the boundless shopping and leisure facilities of the colossal Westfield Stratford City. All within five minutes' walk.

Inside and your front door opens into your huge 350 square foot open plan living space with smartly engineered timber flooring underfoot, a twinkling constellation of recessed spot lighting overhead and a burnt orange statement wall brightening the whole space to striking effect. The kitchen area's home to marbled ebony counter tops and integrated appliances, while the lounge and dining areas are expertly zoned. Plus there's underfloor heating throughout. Cosy.

To the rear, step out onto your timber-decked balcony for views over Mirabelle gardens; quite the spot for morning coffee. Elsewhere, your master bedroom comes in at 170 square feet with cream carpet and an immaculate en suite shower room enjoying an under-lit mirrored cabinet and heated towel rail. Across the lounge, past a wealth of storage, is bedroom two ñ a generous double of 145 square feet. Your main bathroom's as impeccable as its predecessor and comes with a shower over the tub, while lastly take the lift to explore the lush communal grounds or enjoy the canopy of foliage overhead in the gardens.

WHAT ELSE?

- Stratford International station is a mere five minute stroll through the Village, from here you have direct, regular access to the City and West End via the Central and Jubilee lines. Liverpool Street is just nine minutes away and Oxford Circus twenty. The Docklands Light Railway and Southeastern train services also connect from here.
- Local schools are chiefly excellent, you have sixteen primary/secondaries rated 'Good' or better by Ofsted under a mile away. The 'Outstanding' Colegrave Primary is a mere nine minute stroll.
- Just across the Queen Elizabeth Olympic Park, past the Copper Box Arena, you'll find the go-to spot of Hackney Wick. A buzzing social hive of cultural creativity, we heartily recommend the live music and art of Grow, as well as the Beer Merchants Tap for its craft beers, artisanal spirits and delicious food.

A WORD FROM THE OWNER...

We moved to the East Village when it first opened in 2014 and it has been an absolute pleasure to watch the area and community blossom into the wonderful place to live that it is today.

My Wife and I started our journey here sharing the spare room with friends, before marrying and having a wonderful spare room that then transitioned into a nursery for our now 1 year old daughter.

We have loved the events, restaurants and bars of the village, as well as the opportunity to swim, bike and run in the olympic park and up into the Lea Valley national park."

Listed by

Wanstead & Leytonstone

Stow Residential Ltd

Reference: 112936688

EPC Rating & Upgrade Cost

Fetching EPC data… Refresh this page in a moment.

Flood risk

Zone: 1

Risk: Low

Job (default Low)

Floorplans

33 Festuca House, 38 Mirabelle Gardens e20 1br.jpe

33 Festuca House, 38 Mirabelle Gardens e20 1br.jpe

EPC Graphs

EE Rating

EE Rating

Price history

Event Date Price % change
Sold 17/03/2022 (4 years ago) £535,000

Source: HM Land Registry Price Paid Data. Crown copyright.

Sold Comparables

Same street and nearby sales within 0.25 miles (last 5 years). Data from Land Registry Price Paid.

Address Price Date Type
Same street FESTUCA HOUSE, 38 FLAT 22 MIRABELLE GARDENS, OLYMPIC PARK, LONDON, NEWHAM, GREATER LONDON, E20 1BR £585,000 03/02/2025 Flat
Same street FESTUCA HOUSE, 38 FLAT 19 MIRABELLE GARDENS, OLYMPIC PARK, LONDON, NEWHAM, GREATER LONDON, E20 1BR £568,500 03/11/2023 Flat
Same street FESTUCA HOUSE, 38 FLAT 13 MIRABELLE GARDENS, OLYMPIC PARK, LONDON, NEWHAM, GREATER LONDON, E20 1BR £560,000 18/08/2023 Flat
Same street FESTUCA HOUSE, 38 FLAT 10 MIRABELLE GARDENS, OLYMPIC PARK, LONDON, NEWHAM, GREATER LONDON, E20 1BR £543,000 28/04/2023 Flat
Same street FESTUCA HOUSE, 38 FLAT 17 MIRABELLE GARDENS, OLYMPIC PARK, LONDON, NEWHAM, GREATER LONDON, E20 1BR £540,000 01/12/2022 Flat
Same street FESTUCA HOUSE, 38 FLAT 27 MIRABELLE GARDENS, OLYMPIC PARK, LONDON, NEWHAM, GREATER LONDON, E20 1BR £560,000 26/09/2022 Flat
85 CELEBRATION AVENUE, LONDON, NEWHAM, GREATER LONDON, E20 1DB £222,966 19/08/2022 Other
Same street FESTUCA HOUSE, 38 FLAT 16 MIRABELLE GARDENS, OLYMPIC PARK, LONDON, NEWHAM, GREATER LONDON, E20 1BR £185,500 21/06/2022 Flat
Same street FESTUCA HOUSE, 38 FLAT 2 MIRABELLE GARDENS, OLYMPIC PARK, LONDON, NEWHAM, GREATER LONDON, E20 1BR £595,000 10/05/2022 Flat
56 PROSPECT ROW, LONDON, NEWHAM, GREATER LONDON, E15 1FX £565,000 20/10/2021 Other
PLOT NO. 5 CELEBRATION AVENUE, LONDON, NEWHAM, GREATER LONDON, E20 1DB £1,573,000 18/08/2021 Other

Street average: £517,125 (8 sales)

Area average: £786,989 (3 sales)

Capital growth trend

House Price Index (HM Land Registry — official index, not sold-price averages): Newham. Series: All dwelling types. As of March 2026.

1y (index) -6.5%
5y (index) -7%
10y (index) 9.4%

Rental Range

Estimated market rent for Newham. Low = conservative, Realistic = average, Optimistic = best case.

Low £1,726/mo
Realistic £1,918/mo
Optimistic £2,110/mo

Based on Local Authority from postcode lookup → Newham.

LHA (30th percentile) floor for Outer East London: £1,396/mo (Apr 2025 – Mar 2026)

Location

Address

37 Mirabelle Gardens

Nearby

Nearest stations, universities and amenities (distance from property).

Type Name Distance
Bus stop Sir Ludwig Guttmann Health Centre 0.1 miles
Shop Mail Boxes Etc. 0.1 miles
Shop Regency Beauty 0.1 miles
Train station Stratford International DLR 0.2 miles
Train station Stratford International 0.2 miles
University Arden University Stratford Campus 0.4 miles
University University of East London 0.5 miles
Hospital John Howard Centre 1.4 miles
Hospital City & Hackney Centre for Mental Health 1.7 miles

Street-level crime

Category Count
Anti-social behaviour 286
Violence and sexual offences 245
Shoplifting 169
Theft from the person 159
Other theft 125
Vehicle crime 83
Drugs 78
Public order 67
Criminal damage and arson 50
Burglary 38
Robbery 29
Possession of weapons 17
Bicycle theft 10
Other crime 8
Total incidents 1364

Within 1 mile during Apr 2026. Source: data.police.uk (England & Wales).

Schools nearby

Nearest open schools with Ofsted ratings (England). Closed schools are not shown. Data from Get Information about Schools and Ofsted.

Name Type Distance Ofsted
Harris Academy Chobham Other 0.1 miles Outstanding — 10 Jul 2015
Ronald Openshaw Nursery School Nursery 0.2 miles Outstanding — 2 Jul 2023
Colegrave Primary School Primary 0.3 miles Outstanding — 12 Jul 2017
Hafs Academy Other 0.4 miles Inadequate — 19 Nov 2023
Education Links Other 0.4 miles Good — 11 Sep 2017

Rental Comparables

Residential lets from OpenRent and Rightmove for the area (same bedroom count). Use to validate rent estimates. Student lets are excluded.

Title Rent Beds Distance As seen on
2 Bed Flat, St. Paul's Drive, E15 £1,899/mo 2 0.24 miles OpenRent
2 Bed Flat, Angel Lane, E15 £2,550/mo 2 0.34 miles OpenRent
2 Bed Flat, Windmill Lane, E15 £2,200/mo 2 0.4 miles OpenRent
2 Bed Flat, Waddington St, E15 £1,750/mo 2 0.41 miles OpenRent
2 Bed Flat, High Road Leyton, E15 £1,800/mo 2 0.41 miles OpenRent

Average rent: £2,040/mo (5 listings)

Rent-driven metrics

Based on OpenRent comparables.

Rent ratio 0.35%
Max investor price (0.8%) £237,375
Target investor price (1%) £189,900
Gross yield 4.2%
Cost-to-rent ratio 23.7×
Monthly cashflow £-442/mo 75% LTV, 3.95% APR (5yr fixed), 25yr term
Cash-on-cash ROI -3.4%
  • Rent ratio — Monthly rent ÷ purchase price (1% rule). 1%+ = strong, 0.8–1% = okay, <0.8% = weak for cashflow.
  • Max investor price — Rent ÷ 0.8%; the price at which rent would be 0.8% of price (Stoke-style target).
  • Target investor price — Rent ÷ 1%; the price at which rent would be 1% of price (strong cashflow band).
  • Gross yield — Annual rent as % of purchase price (no costs).
  • Cost-to-rent — Price ÷ annual rent (from OpenRent comparables). Under 14× = strong, 14–16× = acceptable, 17×+ = compressed.
  • Cashflow — Rent minus mortgage, 10% maintenance, £25/mo compliance. Assumes 75% LTV, 3.95% APR (5yr fixed), 25yr term.
  • ROI — Annual profit ÷ cash in (deposit + 4% purchase costs).