Formosa House, Ernest Street - E1 4RG
Key Building Insights
Formosa House, Ernest Street is a residential building situated on Ernest Street, London, E1 with 36 addresses.
It ranks as the 2063rd largest and 851st 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 36 properties: 36 flats.
- Ave. Sale Price
- £373,648
- 10 Year change
- down 8.1%
- Ave. Rental Price
- £2,259pcm
- 10 Year change
- up 36.2%
- Ave. £ per ft²
- £486/ft²
- Ave. Gross Yield
- 7.3%/year/yr
Key Building Insights
Formosa House, Ernest Street is a residential building situated on Ernest Street, London, E1 with 36 addresses.
It ranks as the 2063rd largest and 851st 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 36 properties: 36 flats.
- Ave. Sale Price
- £373,648
- 10 Year change
- down 8.1%
- Ave. Rental Price
- £2,259pcm
- 10 Year change
- up 36.2%
- Ave. £ per ft²
- £486/ft²
- Ave. Gross Yield
- 7.3%/year/yr
Explore Propertieson Ernest Street, London, E1
- Flat 1 Formosa House
2 Bed Mid-century Flat
- Flat 2 Formosa House
Mid-century Flat
- Flat 3 Formosa House
2 Bed Flat
- Flat 4 Formosa House
Mid-century Flat
- Flat 5 Formosa House
Mid-century Flat
Sales Market Trends
The last sale in Formosa House, Ernest Street sold for £390,000 on 11th May 2022. Since then prices are down an average of 8.4%.
The current average value in the building is £373,648.
The Formosa House, Ernest Street Sales Market has decreased by 8.1% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | -2.7% | £373,648 |
| June 2025 | 0% | £383,954 |
| June 2024 | -0.6% | £384,133 |
| June 2023 | -2.2% | £386,445 |
| June 2022 | 2.8% | £395,043 |
| June 2021 | -3.3% | £384,380 |
| June 2020 | 2.8% | £397,523 |
| June 2019 | -2.2% | £386,638 |
| June 2018 | -3.5% | £395,171 |
| June 2017 | 0.6% | £409,319 |
| June 2016 | 7.7% | £406,765 |
| June 2015 | 10.6% | £377,852 |
| June 2014 | 22.2% | £341,749 |
| June 2013 | 6.1% | £279,630 |
| June 2012 | 5.1% | £263,561 |
| June 2011 | 2.7% | £250,842 |
| June 2010 | 7.9% | £244,213 |
| June 2009 | -12.3% | £226,329 |
| June 2008 | 6.5% | £257,981 |
| June 2007 | 0% | £242,321 |
Rental Market Trends
The current average rental value in the building is £2,259.
The Formosa House, Ernest Street Rental Market has increased by 36.2% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | 4.2% | £2,259pcm |
| June 2025 | 1.6% | £2,167pcm |
| June 2024 | 3.6% | £2,133pcm |
| June 2023 | 14% | £2,059pcm |
| June 2022 | 17% | £1,807pcm |
| June 2021 | -7.1% | £1,544pcm |
| June 2020 | 0.7% | £1,663pcm |
| June 2019 | 2.2% | £1,652pcm |
| June 2018 | -1% | £1,616pcm |
| June 2017 | -1.5% | £1,633pcm |
| June 2016 | 1% | £1,658pcm |
| June 2015 | 4.9% | £1,641pcm |
| June 2014 | 4.2% | £1,565pcm |
| June 2013 | -2.4% | £1,503pcm |
| June 2012 | 7.2% | £1,539pcm |
| June 2011 | 10.5% | £1,436pcm |
| June 2010 | 5.9% | £1,300pcm |
| June 2009 | -11.9% | £1,228pcm |
| June 2008 | 11.1% | £1,393pcm |
| June 2007 | 0% | £1,254pcm |
Sales History
The last sale was on 11th May 2022 for £390,000 and since then the market in the area has decreased by 8.4%. The building has had a total of 11 sales since 1995.
Formosa House, Ernest Street, London, E1 4RG has seen no sales in the last three years and no sales in the last twelve months.
- Sold May 2022£390,000 | 2 Bed FlatFlat 21, Formosa House, Ernest Street, London, E1 4RGFlat 21, Formosa House, Ernest Street, London, E1 4RG
- Sold Feb 2021£387,500 | 2 Bed FlatFlat 12, Formosa House, Ernest Street, London, E1 4RGFlat 12, Formosa House, Ernest Street, London, E1 4RG
- Sold Feb 2018£120,000 | 2 Bed FlatFlat 16, Formosa House, Ernest Street, London, E1 4RGFlat 16, Formosa House, Ernest Street, London, E1 4RG
- Sold Jul 2017£415,000 | 2 Bed FlatFlat 3, Formosa House, Ernest Street, London, E1 4RGFlat 3, Formosa House, Ernest Street, London, E1 4RG
- Sold Jul 2011£237,750 | 2 Bed FlatFlat 12, Formosa House, Ernest Street, London, E1 4RGFlat 12, Formosa House, Ernest Street, London, E1 4RG
Property Types
- 18 mid-century flats built between 1936 and 1979
- 1 flat of an unknown age
- 17 other addresses of unknown type
- mid-century flat (18)
- flat (1)
- Unknown (17)
Energy Efficiency
- Energy Performance Certificate (EPC) surveys conducted for 18 properties.
- The most common rating is C.
- A (0)
- E (1)
- B (0)
- F (0)
- C (12)
- G (0)
- D (5)
- No EPC (18)
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
- Solebay Primary - A Paradigm Academy200 m away
- Ben Jonson Primary School200 m away
- Halley Primary School500 m away
- Mulberry Stepney Green Mathematics and Computing College500 m away
- Morpeth School700 m away
- Stepney All Saints Church of England Secondary School700 m away
More reading links
Public Transport Nearby
The closest station to Formosa House, Ernest Street, London, E1 4RG is Stepney Green station, which is 400 metres away.
- Stepney Green|400 m away
- Mile End|600 m away
- Limehouse|1.1 km away
- Bethnal Green|1.1 km away
