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38 Commercial Street is a residential building situated on Commercial Street, London, E1 with 8 addresses.
It ranks as the 1380th largest and 1801st most expensive of the 2,320 buildings in the E1 area. The dominant property type is a period flat built between 1800 and 1911.
The building contains a total of 8 properties: 8 flats.
38 Commercial Street is a residential building situated on Commercial Street, London, E1 with 8 addresses.
It ranks as the 1380th largest and 1801st most expensive of the 2,320 buildings in the E1 area. The dominant property type is a period flat built between 1800 and 1911.
The building contains a total of 8 properties: 8 flats.
Sale prices range from £460,744 for 2 bedroom leasehold flats with a balcony (516 ft2) to £560,629 for 2 bedroom leasehold flats with a balcony (688 ft2) .
Monthly rental prices range from £2,439 pcm for 2 bed flats to £2,855 pcm for 2 bed flats.
The gross rental yield is between 6.1% and 6.4%.
The average value per square foot is £833.
The last sale in 38 Commercial Street sold for £570,000 on 3rd November 2023. Since then prices are down an average of 5.0%.
The current average value in the building is £518,008.
The 38 Commercial Street Sales Market has decreased by 12.8% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| May 2026 | -3.3% | £518,008 |
| May 2025 | -1.7% | £535,785 |
| May 2024 | -0.7% | £545,089 |
| May 2023 | -2.3% | £548,873 |
| May 2022 | 3.3% | £561,765 |
| May 2021 | -4.1% | £543,654 |
| May 2020 | 2% | £566,860 |
| May 2019 | -2.8% | £555,791 |
| May 2018 | -3.6% | £571,902 |
| May 2017 | -0.1% | £593,066 |
| May 2016 | 5.9% | £593,868 |
| May 2015 | 7% | £560,675 |
| May 2014 | 23.2% | £523,928 |
| May 2013 | 6.4% | £425,421 |
| May 2012 | 7.7% | £399,680 |
| May 2011 | 4% | £371,214 |
| May 2010 | 7.6% | £356,910 |
| May 2009 | -10.6% | £331,784 |
| May 2008 | 10.4% | £371,157 |
| May 2007 | 0% | £336,188 |
The current average rental value in the building is £2,679.
The 38 Commercial Street Rental Market has increased by 33.3% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| May 2026 | 5.2% | £2,679pcm |
| May 2025 | 0.4% | £2,548pcm |
| May 2024 | 4.2% | £2,537pcm |
| May 2023 | 13.5% | £2,434pcm |
| May 2022 | 21.5% | £2,145pcm |
| May 2021 | -12.1% | £1,766pcm |
| May 2020 | 0.4% | £2,009pcm |
| May 2019 | 2.9% | £2,002pcm |
| May 2018 | -0.9% | £1,946pcm |
| May 2017 | -2.3% | £1,964pcm |
| May 2016 | 1.7% | £2,011pcm |
| May 2015 | 2.3% | £1,977pcm |
| May 2014 | 2.1% | £1,933pcm |
| May 2013 | -2.3% | £1,893pcm |
| May 2012 | 6.6% | £1,936pcm |
| May 2011 | 11.4% | £1,817pcm |
| May 2010 | 3.7% | £1,632pcm |
| May 2009 | -11.8% | £1,573pcm |
| May 2008 | 12.7% | £1,783pcm |
| May 2007 | 0% | £1,583pcm |
The last sale was on 3rd November 2023 for £570,000 and since then the market in the area has decreased by 5.0%. The building has had a total of 24 sales since 1995.
38, Commercial Street, London, E1 6LP has seen 1 sale in the last three years and no sales in the last twelve months.
The closest station to 38, Commercial Street, London, E1 6LP is Aldgate East station which is 100 metres away.
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The recent census recorded whether a resident owned or rented their home.
In the area around 38, Commercial Street, London, E1 6LP, 56.0% of property is privately rented and 24.6% is socially 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 38, Commercial Street, London, E1 6LP, 25.1% of residents are recorded as possessing school level qualifications and 66.6% 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 38, Commercial Street, London, E1 6LP, the average age was 32.1 and the most common age was 27.
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 38, Commercial Street, London, E1 6LP, 0.8% 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 38, Commercial Street, London, E1 6LP, there are an average of 0.2 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.
According to recent data from Ofcom, standard broadband is available in this area.
According to recent data from Ofcom, Standard broadband is available in the area.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.