Property profile

Third Floor Flat61 Princelet Street

E1 5LP

Spitalfields & Banglatown

Area profile →

Map showing Third Floor Flat, 61 Princelet Street, London

Property Price
150k200k250k300k400k500k750k1.5M

Estimated sale price

£1,165,000

Flats sold in Spitalfields & Banglatown

The box shows the middle 50% of flats sale prices, the whiskers show the 5th to 95th percentile, and the marker shows this property's estimated price.

Half of similar homes sold within the box; most sold within the wider line.

An indicative model estimate, not a survey or formal valuation.

This property vs market

Last sold19 Jun 1997
£255,000Change since last sale: +£909,000 (+357%)
Annualised change
+5.3% per yearTower Hamlets annualised change (flats) since 1997: +5.4% per yearThis property's value is moving in line with the market
Price per sq ftLocal median £845 per sq ft
£716 per sq ftEstimate vs local median: −£129 per sq ft (−15%)
Local sold pricesMedian for flats in Spitalfields & Banglatown
£490,000Estimate vs local median: +£674,000 (+138%)
How this estimate is calculated

Area360's automated valuation uses available property details, recorded sales and local market data to estimate a sale price. This automated estimate is a guide, not a survey, mortgage valuation or formal valuation. See the valuation methodology and limitations.

Estimate calculated .

Property facts

Property typeFlat / Mid-Terrace
TenureLeasehold
Construction period1930-1949
Floor area151 m² / 1,625 sq ft
Rooms2 habitable / 2 heated
Floor level2
EPC ratingC
EPC inspection30 Apr 2025

Sales history

DatePriceChange
19 Jun 1997£255,000+86%
07 Nov 1996£136,834-

Local market

Property prices in Spitalfields & Banglatown

Median price£495,000
Price per sq ft£852
Sales (last 12 months)71
Typical range (middle 50%)£419K – £705K

Based on 71 recent sales, the median property price is £495,000 (about £852 per square foot) in Spitalfields & Banglatown area, with individual transactions ranging from £190,000 up to £4,950,000.

Prices by property typelast 12 months

Median sale price, median price per square foot, sales count, and percentile information for each property type in Spitalfields & Banglatown over the last year.
TypeSalesMedian£/sq ft
Terraced3£2,150,000£942
Flats68£490,000£845

10-year price trendmedian sale price in Spitalfields & Banglatown

Sale price

Ten year median sale price trend for each property type in Spitalfields & Banglatown.
YearFlatsTerraced
2016£615,000£1,645,000
2017£525,000£1,870,000
2018£570,000£1,870,000
2019£661,300£722,500
2020£537,500£985,000
2021£525,000£2,700,000
2022£510,000£845,000
2023£515,000£1,750,000
2024£535,000£1,162,500
2025£497,500£1,270,000
2026£490,000
Ten year median sale price trend for each property type in Spitalfields & Banglatown.

Price per sq ft

Ten year median sale price per square foot trend for each property type in Spitalfields & Banglatown.
YearFlatsTerraced
2016£949£773
2017£893£954
2018£871£828
2019£912£673
2020£911£946
2021£845£1,035
2022£796£840
2023£841£900
2024£855£1,086
2025£843£910
2026£829
Ten year median sale price per square foot trend for each property type in Spitalfields & Banglatown.

Price distribution by property typelast 12 months

Price distribution by property type for Spitalfields & Banglatown in the last year.

Recent sales

There were 38 recent sold properties in the last 18 months near E1 5LP.

Recent sold properties in the last 18 months near E1 5LP
DateAddressTypeTenurePriceMap
20 Mar 2026Flat 2, Rococco House, 65, Princelet Street, London, E1 5LPFlatsLeasehold£773,000
27 Nov 2025Flat 3, Tilney House, 67, Princelet Street, London, E1 5LPFlatsLeasehold£420,000
31 Jul 202536, Princelet Street, London, E1 5LPTerracedFreehold£2,150,000
01 May 2026106A, Brick Lane, London, E1 6RLOtherLeasehold£215,000
20 Mar 2026Flat 1, 110, Brick Lane, London, E1 6RLFlatsLeasehold£575,000

Other properties at this postcode

AddressTenureFloor areaLast sale
29 Princelet Street, LondonLeasehold143 m²£1,500,000 (2019)
32, Princelet Street, LondonFreehold157 m²£1,420,000 (2022)
34 Princelet Street, London, LondonFreehold201 m²£1,900,000 (2014)
35, Princelet Street, London-106 m²-
36 Princelet Street, LondonFreehold212 m²£2,150,000 (2025)
38, Princelet Street, LondonFreehold148 m²£1,400,000 (2023)
45, Princelet Street, London-147 m²-
47A, Princelet Street, London-37 m²-
60 Princelet Street, LondonFreehold131 m²£950,000 (2021)
62, Princelet Street, London-127 m²-

Area insights for E1 5LP

Full area profile →

Overview

Postcode E1 5LP is located in a major urban area, within the Spitalfields & Banglatown ward of Tower Hamlets in the London region, and forms part of the Spitalfields area. It has very high deprivation and very high crime levels, with around 238.3 crimes per 1,000 residents per year, roughly 1.8× the London average of 130 per 1,000. The average income per household in Spitalfields is £66,032 per year. The nearest station is Shoreditch High Street, about 0.3 miles away. There are 10 primary and 2 secondary schools in the area. There are 10 parks nearby, the closest small park is Allen Gardens.

Crime rate
10/10
Crimes per 1k residents
238
Deprivation level
9/10
Income level
3/10
Social housing
29.2%
Connectivity
10/10
Flood Risk
No risk
Noise Level
No noise

Deprivation level

9/10

Spitalfields has a very high level of deprivation, ranked at position 5,760 out of 32,844 areas in the United Kingdom, placing it within the top 18% most deprived areas in England.

Crime level

10/10

Spitalfields has a very high crime rate, with approximately 238.3 reported incidents per 1,000 population each year.

Social housing

29.2%

Approximately 29.2% of homes on this street are social housing provided by a local council or housing association. Across the surrounding area, around 29.9% of dwellings are socially rented.

Income level

3/10

The average income per household in Spitalfields is £66,032 per year.

Noise Level

No noise

No significant noise sources from railways or roads near E1 5LP.

Flood risk

No risk

Spitalfields near E1 5LP has no flood risk (less than 0.1% chance of a flood each year) from rivers and sea.

Transport

10/10

The nearest station is Shoreditch High Street located about 0.3 miles away. There are 5 stations nearby.

Nearby public transport stations for E1 5LP
DistanceZoneNameLinesDirections
0.3 mi

1

Shoreditch High Street

Overground

Walking directions to Shoreditch High Street
0.3 mi

1

Aldgate East

District, Hammersmith and City

Walking directions to Aldgate East
0.4 mi

1

Aldgate

Circle, Metropolitan

Walking directions to Aldgate

Parks

Nearby parks and green spaces for E1 5LP
DistanceNameSizeDirections
0.2 miAllen GardensSmallWalking directions to Allen Gardens
0.3 miAltab Ali ParkSmallWalking directions to Altab Ali Park
0.1 miChrist Church ChurchyardSmallWalking directions to Christ Church Churchyard

Area Profile

Population
561
Population density
15,189.2 per km²

Crime

Crime per 1,000 population

Anti-social behaviour
96.09(+258%)
Violence and sexual offences
73.29(+136%)
Other theft
28.77(+152%)
Theft from the person
26.06(+178%)
Public order
24.97(+269%)
London average

Demographics

Ethnic groups

Bangladeshi
246
43.85%
British
136
24.24%
Other White
91
16.22%
Other
31
5.53%
Irish
11
1.96%
Total population: 561

Economics

Education (age 16+)

Level 4+ (Degree)
223
48.69%
No qualifications
125
27.29%
Level 2 (GCSEs 9-4)
45
9.83%
Level 3 (A level)
41
8.95%
Level 1 (GCSEs 3-1)
15
3.28%
Total 16+ residents: 458

Housing

Housing tenure

Private landlord or letting agency
60
28.71%
Other social rented
55
26.32%
Owns with a mortgage
46
22.01%
Owns outright
35
16.75%
Other forms of private rent
7
3.35%
Total households: 209

Schools

In the E1 5LP postcode area, located within Spitalfields, there are 10 primary and 2 secondary schools in close proximity.

Nearby primary and secondary schools for E1 5LP
DistancePhaseNameTypeRating
0.1 miPrimaryChrist Church CofE SchoolVoluntary aided school

Good

0.2 miNot applicableThe Complete WorksOther independent school

Good

0.2 miPrimarySt Anne's and Guardian Angels Catholic Primary SchoolVoluntary aided school

Good

Local amenities

15 nearby supermarkets & convenience stores within mi of E1 5LP

Nearby supermarkets & convenience stores for E1 5LP
DistanceNameAddressDirections
0.1 miBrick Lane Mini Mart100 Brick Lane, London, E1 6RLWalking directions to Brick Lane Mini Mart
0.1 miTaj Stores112 Brick Lane, London, E1 6RLWalking directions to Taj Stores
0.1 miBrick Lane Convenience61 Brick Lane, London, E1 6QLWalking directions to Brick Lane Convenience
0.1 miAl Amin Cash & Carry105-107 Hanbury Street, London, E1 5JQWalking directions to Al Amin Cash & Carry
0.1 miSylhet Sweets Store109 Hanbury Street, London, E1 5JQWalking directions to Sylhet Sweets Store