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It was a thing two years ago when we bought. People were offering 50k over asking on 1 bed warners, it was mental.
That said, we went under on ours (only 10k but included extending the lease which cost the seller 30k) but ours was an utter shitpit which had been let to the council as emergency housing for god knows how long and smelt of urine.
The market seems slow at the moment so don’t go too crazy with your offers.
Do it. You’ll be nearer a tube station than you are currently... it’s quicker to get to central from E17 than it is from Victoria Park.
Pizza game is strong round here and you’ll be right near that massive market which mostly sells landfill from China.