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According to the public record, 241, Brick Lane is a mid-century freehold house with 1,097 ft2 of internal area and sits on a 108 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Based on available information, and assuming reasonable condition, the estimated sale value for 241, Brick Lane is £810,880 and the estimated rental value is £4,498 per month.
Brick Lane, London, E2 is located in the borough of Tower Hamlets within the E2 postal district.
241, Brick Lane has 41 entries in the Land Registry , most recently in June 2021 and a single entry in the EPC database dated May 2020.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 5 out of 5 and is considered of high accuracy.
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 241, Brick Lane is in very good condition we estimate a sale value of £851,424 and a rental value of £4,723 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £754,118 and a rental value of £4,183 per month.
Over the last 12 months the sale value of 241 Brick Lane has decreased by an estimated £42,007 (5.2%) and its rental value has increased by an estimated £148 per month (3.3%), giving an expected gross yield of 6.7%.
According to data from HM Land Registry, 241, Brick Lane sits on a plot of 108m2.
We have plot size data on 17 out of 20 other houses in the postcode and 241, Brick Lane sits on the 12th largest plot.
241, Brick Lane has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 22 May 2020.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
According to HM Land Registry, 241, Brick Lane was last sold on 30th June 2021 for £800,000 and was recorded as a freehold house.
The property has had 4 sales since 1995.
Since June 2021, the market for similar properties has risen 3.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 241, Brick Lane within a radius of 260 metres over the last 2 years.
The most recent example is 227, Brick Lane, London, E2 7ED, a freehold house which sold for £890,000 on the 5th February 2024.
Read more about house prices in E2.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Brick Lane, London, E2 has a total of 57 addresses. According to our analysis of all the public data, 241, Brick Lane is the 15th largest and the 15th most expensive property on the street.
When compared to the postcode district it is £301k more expensive than the average property in E2.
The nearest school is Virginia Primary School which is 190 metres away. The nearest train station is Shoreditch High Street which is 400 metres away.
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