Flat 4, 38 Commercial Street, London, E1 6LP is a leasehold flat built between 1900-1929. The property offers approximately 689 square feet of living space and is situated on the 2nd floor. In this location, apartments of similar size usually have two bedrooms.

The estimated current market value of the property is £534,415 , which equates to approximately £776 per square foot. It was last sold on 3 Jul 2001 for £199,500. Since then, the value has increased by £334,915, representing a 167.9% increase, or approximately 6.9% per year.

The current estimated value of £534,415 is:

  • 30.7% lower than the average property price on Commercial Street
  • 74.5% lower than the average in the E1 6LP postcode area
  • and 38.9% lower than the average price for London as a whole

This property has had 2 EPC inspections with recorded tenure information. It was recorded as owner-occupied both times. This suggests the property has typically been lived in by its owners, which often reflects longer-term residency and more consistent maintenance.

At the most recent EPC inspection on 6 December 2018, the property was recorded as owner-occupied.

View sold house prices in E1 6LP

Building approximate location

About Property

Type
Flat
Built
1900-1929
Interior Size
689 sq ft
Tenure
Leasehold
Floor level
2nd floor
Price (estimate)
£534,415
Price Per sq ft (estimate)
£776
Bedroom Count (estimate)
2 bedrooms

EPC Summary

Flat 4, 38 Commercial Street, London, Tower Hamlets, Greater London Authority, E1 6LP has an Energy Performance Certificate (EPC) rating of D, based on the latest assessment carried out on 6 Dec 2018.

This property uses an electric boiler with radiators as its main heating source. Hot water is provided from main heating system. The windows are fully double glazed.

The previous EPC assessment was conducted on 12 Nov 2008, when the property was rated C. The current rating of D reflects a decline in energy efficiency of 16.9%.

Since the previous assessment, several changes were observed:

  • The heating system was upgraded from boiler and radiators, mains gas to boiler and radiators, electric, changing energy efficiency from very good to very poor.
  • The hot water system was changed from electric immersion, standard tariff to from main system, with its energy efficiency improving from very poor to poor.
  • The wall construction or insulation changed from solid brick, with internal insulation to solid brick, as built, no insulation (assumed), changing energy efficiency from good to very poor.
  • The lighting was updated from low energy lighting in all fixed outlets to no low energy lighting, with efficiency changing from very good to very poor.
Heating Type
Boiler and radiators, electric
Very Poor
Hot Water
From main system
Poor
Walls
Solid brick, as built, no insulation (assumed)
Very Poor
Windows
Fully double glazed
Average
Lighting
No low energy lighting
Very Poor

Compared to E1 6LP

9 th / 12
Price Rank
74% lower than average
1 st / 8
Size Rank
67% smaller than average
7 th / 8
Price Per Sq FT Rank
22% lower than average

Compared to other properties in E1 6LP , this flat's estimated value ranks 9th out of 12. Based on price per square foot, it ranks 7th out of 8 properties. This indicates a lower price per square foot than most, suggesting good value for the space offered. In terms of size, this home ranks 1st out of 8 properties in its postcode area.

Sale History

Today
£534,415
streetscan.co.uk estimate
+168 %
3 Jul 2001
£199,500
Leasehold

Area Insights

Similar Properties Sold Nearby

rooms: 3
size: 678 sq ft
sale price: £570,000
sale date: 3 Nov 2023
rooms: 3
size: 657 sq ft
sale price: £650,000
sale date: 20 Mar 2015
rooms: 3
size: 624 sq ft
sale price: £600,000
sale date: 27 Mar 2014
rooms: 3
size: 689 sq ft
sale price: £297,500
sale date: 21 Aug 2007
rooms: 2
size: 624 sq ft
sale price: £615,000
sale date: 13 Oct 2023

Data Sources

The property at Flat 4, 38 Commercial Street, London, Tower Hamlets, Greater London Authority, E1 6LP appears once in the Land Registry records, with the transaction recorded on 3 Jul 2001. It also has two Energy Performance Certificates (EPC) entries, the earliest dating back to 6 Dec 2018. We use this data, to estimate the property's characteristics and current market value.

This website uses public sector information from:

These datasets are licensed under the Open Government Licence v3.0.
This website is not affiliated with or endorsed by HM Land Registry or DLUHC.


Disclaimer: StreetScan.co.uk makes all reasonable efforts to ensure the information provided on this website is current and accurate; however, no warranties or representations are made as to its completeness or accuracy. StreetScan.co.uk expressly disclaims any and all liability for any loss, damage, or expense arising directly or indirectly from the use of, or reliance upon, such information.