Flat 7, Offenbach House
Flat 7, Offenbach House
Description & Estimates
Flat 7, Offenbach House appears in the public record as a leasehold apartment.
By comparing it to nearby properties, we estimate it to be a mid-century apartment with 577 ft2 of internal area and a balcony.
Locally, apartments of this size normally have 2 bedrooms.
Our estimate of the sale value of Flat 7, Offenbach House is £278,206 and its rental estimate is £1,681 per month, given the available information and assuming reasonable condition.
Offenbach House, Mace Street is a residential building on Mace Street, London, E2 and falls within the E2 postal district and the London Borough of Tower Hamlets.
Our Data Sources
Flat 7, Offenbach House has 21 entries in the Land Registry , most recently in January 2013 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.
The local information is scored as 4 out of 5 and is considered of high accuracy.
Price Range & Condition
The condition of a property plays an important role in determining its value, with the degree of impact varying by property type, size and location.
For Flat 7, Offenbach House, we estimate a market value of £292,116 and a rental value of £1,765 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £258,731 and £1,563 per month respectively.
Recent Market Change
Over the last year, Flat 7, Offenbach House has seen its estimated sale value decline by £7,797 (2.8%) and its estimated rental value climb by £88 per month (5.2%). This results in an estimated gross rental yield of 7.2%.
Sold Prices
The most recent sale of Flat 7, Offenbach House completed on 15th January 2013 at £175,000 and was recorded by HM Land Registry as a leasehold flat.
Since 1995 the property has sold twice.
Values of comparable properties have risen by 92.2% over the period since January 2013.
- Sold Jan 2013£175,000
- Sold Jun 2005£155,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to Flat 7, Offenbach House have sold within a radius of 300 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 1st July 2024, was Flat 2, 33, Lilac Lane, London, E2 0FX, a leasehold flat which sold for £720,000.
Read more about house prices in E2.
- Sold Jul 2024£720,000 | 2 Bed Flat33, Lilac LaneFlat 2, 33, Lilac Lane, London, E2 0FX
- Sold Jun 2023£335,000 | 2 Bed FlatModling House, Mace StreetFlat 50, Modling House, Mace Street, London, E2 0RD
- Sold Aug 2021£140,000 | 2 Bed FlatOffenbach House, Mace StreetFlat 59, Offenbach House, Mace Street, London, E2 0RB
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Of the 445 addresses on Mace Street, London, E2, Flat 7, Offenbach House comes out as the 369th largest and the 396th most expensive in our analysis of the public data.
It is also £229k less expensive than the average property across the E2 district.
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Schools Nearby
- 200mBonner Primary School
- 400mGlobe Primary School
- 500mSt Elizabeth Catholic Primary School
- 400mMorpeth School
- 1.0kmMossbourne Victoria Park Academy
- 1.1kmOaklands School
More reading links
Public Transport Nearby
From Flat 7, Offenbach House, the nearest station is Bethnal Green, 700 metres away.
- 700mBethnal Green
- 800mCambridge Heath
- 900mStepney Green
Available Internet Speeds
Broadband here reaches superfast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Superfast broadband is available in the area.
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
