According to the public record, Flat 46, Offenbach House, London is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a mid-century apartment with 700 ft2 of internal area and a balcony.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in Offenbach House, Mace Street, London, E2.
Mace Street, London, E2 is located in the borough of Tower Hamlets within the E2 postal district.
Flat 46, Offenbach House, London has a single entry in the Land Registry database from November 2016 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for Flat 46 Offenbach House London as £321,246 and the rental value as £1,781 per month giving an expected gross yield of 6.7%.
Over the last 12 months the sale value of Flat 46 Offenbach House London has increased by £889 (0.3%) and its rental value has increased by £74 per month (4.2%).
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If Flat 46, Offenbach House, London is in very good condition we estimate a sale value of £337,308 and rental value of £1,870 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £298,759 and a rental value of £1,656 per month.
If you were able to purchase this property for the estimated value of £321,246, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,579 per month.
This figure is only an estimate but we've partnered with Mortgage Advice Bureau who can provide a figure tailored for you! Get started using their mortgage finder below.
According to HM Land Registry, Flat 46, Offenbach House, London was last sold on 11 Nov 2016 for £335,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Nov 2016, the market for similar properties has dropped 1.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 46, Offenbach House, London within a radius of 300 metres over the last 2 years.
The most recent example is Flat 55, Offenbach House, Mace Street, London, E2 0RB, a Leasehold flat which sold for £335,000 in Jun 2024.
Read more about house prices in E2.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Mace Street, London, E2 has a total of 445 addresses. According to our analysis of all the public data, Flat 46, Offenbach House, London is the 212th largest and the 183rd most expensive property on the street.
When compared to the postcode district it is £190k less expensive than the average property in E2.
The closest station to Flat 46, Offenbach House, London is Bethnal Green station which is 700 metres away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around Flat 46, Offenbach House, London, 68.4% of property is socially rented and 14.7% is privately rented.
The graph below shows how this compares to Greater London and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around Flat 46, Offenbach House, London, 30.8% of residents are recorded as possessing school level qualifications and 34.2% as possessing degree level qualifications.
The graph below shows how this compares to Greater London and the rest of England & Wales
The most recent census in 2021 recorded the age of all UK residents.
In the area around Flat 46, Offenbach House, London, the average age was 29.4 and the most common age was 17.
The graph below shows how this compares to Greater London and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around Flat 46, Offenbach House, London, 0.3% of property was a second home.
Comparison figures for Greater London and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around Flat 46, Offenbach House, London, there are an average of 0.4 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.