Magellan House, Ernest Street - E1 4QZ
Key Building Insights
Magellan House, Ernest Street is a residential building situated on Ernest Street, London, E1 with 24 addresses.
It ranks as the 1920th largest and 194th most expensive of the 2,323 buildings in the E1 area. The most common property type is a mid-century flat built between 1936 and 1979.
The building contains a total of 24 properties: 24 flats.
- Ave. Sale Price
- £313,683
- 10 Year change
- down 8.1%
- Ave. Rental Price
- £1,907pcm
- 10 Year change
- up 36.3%
- Ave. £ per ft²
- £421/ft²
- Ave. Gross Yield
- 7.3%/year/yr
Key Building Insights
Magellan House, Ernest Street is a residential building situated on Ernest Street, London, E1 with 24 addresses.
It ranks as the 1920th largest and 194th most expensive of the 2,323 buildings in the E1 area. The most common property type is a mid-century flat built between 1936 and 1979.
The building contains a total of 24 properties: 24 flats.
- Ave. Sale Price
- £313,683
- 10 Year change
- down 8.1%
- Ave. Rental Price
- £1,907pcm
- 10 Year change
- up 36.3%
- Ave. £ per ft²
- £421/ft²
- Ave. Gross Yield
- 7.3%/year/yr
Explore Propertieson Ernest Street, London, E1
- Flat 1 Magellan House
Unknown
- Flat 2 Magellan House
2 Bed Mid-century Flat
- Flat 3 Magellan House
2 Bed Mid-century Flat
- Flat 4 Magellan House
2 Bed Mid-century Flat
- Flat 5 Magellan House
Unknown
Sales Market Trends
The last sale in Magellan House, Ernest Street sold for £375,000 on 25th June 2020. Since then prices are up an average of 31.6%.
The current average value in the building is £313,683.
The Magellan House, Ernest Street Sales Market has decreased by 8.1% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | -2.8% | £313,683 |
| June 2025 | 0.7% | £322,594 |
| June 2024 | -0.5% | £320,332 |
| June 2023 | -1.8% | £321,909 |
| June 2022 | 3.1% | £327,818 |
| June 2021 | -4% | £317,965 |
| June 2020 | 2.8% | £331,136 |
| June 2019 | -2% | £322,266 |
| June 2018 | -3.8% | £328,917 |
| June 2017 | 0.1% | £341,758 |
| June 2016 | 7.9% | £341,314 |
| June 2015 | 10.9% | £316,276 |
| June 2014 | 22.4% | £285,201 |
| June 2013 | 6% | £232,916 |
| June 2012 | 5.1% | £219,778 |
| June 2011 | 2.6% | £209,141 |
| June 2010 | 7.7% | £203,903 |
| June 2009 | -12.3% | £189,272 |
| June 2008 | 6.5% | £215,849 |
| June 2007 | 0% | £202,676 |
Rental Market Trends
The current average rental value in the building is £1,907.
The Magellan House, Ernest Street Rental Market has increased by 36.3% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | 4.2% | £1,907pcm |
| June 2025 | 2.4% | £1,831pcm |
| June 2024 | 3.7% | £1,788pcm |
| June 2023 | 14.4% | £1,725pcm |
| June 2022 | 17.4% | £1,508pcm |
| June 2021 | -7.8% | £1,284pcm |
| June 2020 | 0.6% | £1,393pcm |
| June 2019 | 2.3% | £1,384pcm |
| June 2018 | -1.4% | £1,353pcm |
| June 2017 | -2% | £1,371pcm |
| June 2016 | 1.3% | £1,399pcm |
| June 2015 | 5.2% | £1,381pcm |
| June 2014 | 4.3% | £1,313pcm |
| June 2013 | -2.5% | £1,258pcm |
| June 2012 | 7.2% | £1,290pcm |
| June 2011 | 10.3% | £1,204pcm |
| June 2010 | 5.7% | £1,091pcm |
| June 2009 | -11.9% | £1,032pcm |
| June 2008 | 11.2% | £1,172pcm |
| June 2007 | 0% | £1,054pcm |
Sales History
The last sale was on 25th June 2020 for £375,000 and since then the market in the area has increased by 31.6%. The building has had a total of 7 sales since 1995.
Magellan House, Ernest Street, London, E1 4QZ has seen no sales in the last three years and no sales in the last twelve months.
- Sold Jun 2020£375,000 | 2 Bed FlatFlat 18, Magellan House, Ernest Street, London, E1 4QZFlat 18, Magellan House, Ernest Street, London, E1 4QZ
- Sold Aug 2013£220,000 | 2 Bed FlatFlat 6, Magellan House, Ernest Street, London, E1 4QZFlat 6, Magellan House, Ernest Street, London, E1 4QZ
- Sold May 2009£180,000 | 2 Bed FlatFlat 20, Magellan House, Ernest Street, London, E1 4QZFlat 20, Magellan House, Ernest Street, London, E1 4QZ
- Sold Jun 2008£160,000 | 2 Bed FlatFlat 6, Magellan House, Ernest Street, London, E1 4QZFlat 6, Magellan House, Ernest Street, London, E1 4QZ
- Sold Jun 2007£208,000 | 2 Bed FlatFlat 22, Magellan House, Ernest Street, London, E1 4QZFlat 22, Magellan House, Ernest Street, London, E1 4QZ
Property Types
- 12 mid-century flats built between 1936 and 1979
- 12 other addresses of unknown type
- mid-century flat (12)
- Unknown (12)
Energy Efficiency
- Energy Performance Certificate (EPC) surveys conducted for 12 properties.
- The most common rating is C.
- A (0)
- E (0)
- B (1)
- F (0)
- C (9)
- G (0)
- D (2)
- No EPC (12)
Top 3 Most Expensive Sales
- Sold Dec 2025£675,000 | 3 Bed House40, Ernest Street, London, E1 4LS40, Ernest Street, London, E1 4LS
- Sold Mar 2017£658,000 | 3 Bed House16, Ernest Street, London, E1 4LS16, Ernest Street, London, E1 4LS
- Sold May 2022£575,210 | 3 Bed House54, Ernest Street, London, E1 4LS54, Ernest Street, London, E1 4LS
Schools Nearby
- Ben Jonson Primary School300 m away
- Solebay Primary - A Paradigm Academy400 m away
- Halley Primary School600 m away
- Mulberry Stepney Green Mathematics and Computing College400 m away
- Stepney All Saints Church of England Secondary School600 m away
- Morpeth School600 m away
More reading links
Public Transport Nearby
The closest station to Magellan House, Ernest Street, London, E1 4QZ is Stepney Green station, which is 200 metres away.
- Stepney Green|200 m away
- Mile End|800 m away
- Bethnal Green|1.0 km away
- Limehouse|1.0 km away
