Flat 5, 38 Commercial Street, London, E1 6LP is a leasehold flat built between 1996-2002. The property offers approximately 689 square feet of living space and is situated on the 3rd floor. In this location, apartments of similar size usually have two bedrooms.

The estimated current market value of the property is £440,962 , which equates to approximately £640 per square foot. It was last sold on 21 Aug 2007 for £297,500. Since then, the value has increased by £143,462, representing a 48.2% increase, or approximately 2.6% per year.

The current estimated value of £440,962 is:

  • 42.9% lower than the average property price on Commercial Street
  • 78.9% lower than the average in the E1 6LP postcode area
  • and 49.6% 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 16 September 2024, the property was recorded as owner-occupied.

View sold house prices in E1 6LP

Building approximate location

About Property

Type
Flat
Built
1996-2002
Interior Size
689 sq ft
Tenure
Leasehold
Floor level
3rd floor
Price (estimate)
£440,962
Price Per sq ft (estimate)
£640
Bedroom Count (estimate)
2 bedrooms

EPC Summary

Flat 5, 38 Commercial Street, London, Tower Hamlets, Greater London, E1 6LP has an Energy Performance Certificate (EPC) rating of C, based on the latest assessment carried out on 16 Sep 2024.

This property uses a gas-fired boiler and radiators, connected to the mains gas supply, 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 9 Mar 2012. The rating of C remains the same, but the energy efficiency score improved by 5.3%.

Since the previous assessment, several changes were observed:

  • The roof construction or insulation changed from flat, insulated (assumed) to (another dwelling above), changing energy efficiency from good to n/a.
  • The wall construction or insulation changed from system built, as built, insulated (assumed) to cavity wall, as built, insulated (assumed), with no change in energy efficiency (good).
  • The lighting was updated from low energy lighting in 20% of fixed outlets to low energy lighting in all fixed outlets, with efficiency improving from poor to very good.
Heating Type
Boiler and radiators, mains gas
Good
Hot Water
From main system
Good
Walls
Cavity wall, as built, insulated (assumed)
Good
Windows
Fully double glazed
Good
Lighting
Low energy lighting in all fixed outlets
Very Good

Compared to E1 6LP

12 th / 12
Price Rank
79% lower than average
2 nd / 8
Size Rank
67% smaller than average
8 th / 8
Price Per Sq FT Rank
36% lower than average

Compared to other properties in E1 6LP , this flat's estimated value ranks 12th out of 12. Based on price per square foot, it ranks 8th 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 2nd out of 8 properties in its postcode area.

Sale History

Today
£440,962
streetscan.co.uk estimate
+48 %
21 Aug 2007
£297,500
Leasehold
+48.8 %
11 Apr 2002
£200,000
Leasehold
+19 %
18 Jul 2001
£168,000
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: £199,500
sale date: 3 Jul 2001
rooms: 2
size: 624 sq ft
sale price: £615,000
sale date: 13 Oct 2023

Data Sources

The property at Flat 5, 38 Commercial Street, London, E1 6LP appears three times in the Land Registry records, with the latest transaction recorded on 21 Aug 2007. It also has two Energy Performance Certificates (EPC) entries, the earliest dating back to 16 Sep 2024. 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.