2, WEAVER CLOSE, LONDON, E6 6FY - £475,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

2 WEAVER CLOSE is a very small semi-detached house of 66m², built sometime between 1996 and 2002, which could now be worth an estimated £544,744. It was last sold for £475,000 in September 2019, which was around 5% above the average September 2019 semi-detached price in the Newham local authority area. The most recent EPC inspection was June 2019, where the current energy rating was C, and the potential energy rating was B.

2 WEAVER CLOSE Sold Prices

Land registry data shows four sales for 2 WEAVER CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average semi-detached price in the Newham local authority area for the corresponding sale date. All of the four 2 WEAVER CLOSE sales were for above the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2019 6 SEP	£475,000	£454,269	5% above HPI
2000 3 MAR	£124,000	£103,673	20% above HPI
1998 30 JUN	£92,000	£80,096	15% above HPI
1997 28 MAY	£83,595	£70,303	19% above HPI

2 WEAVER CLOSE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Newham local authority area over time, sourced from the HPI. The four 2 WEAVER CLOSE sales between May 1997 and September 2019 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the March 2000 sale was for 20% above the HPI. So the extrapolation line tracks at 20% above the HPI over time, until the September 2019 sale, where it falls to 5% above the HPI. The line then continues to track at 5% above the HPI.

What might 2 WEAVER CLOSE be worth now?

2 WEAVER CLOSE might now be worth an estimated £544,744.

This is based on house price inflation of 14.7%, between September 2019 and May 2026, for semi-detached houses, in the Newham local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 14.7% inflationary increase is applied to the most recent sale price for 2 WEAVER CLOSE of £475,000 on 6th September 2019. For the value to have increased from £475,000 to £544,744 over the seven years and four months to May 2026, the following assumptions must hold true:

• The value of 2 WEAVER CLOSE has moved in line with the HPI for semi-detached houses in the Newham local authority area.
• The September 2019 sale price of £475,000 represented a fair market value for the property.
• The size, condition, and specification of 2 WEAVER CLOSE has not materially changed since September 2019.

How Large is 2 WEAVER CLOSE?

2 WEAVER CLOSE is 66m² according to the EPC inspection conducted in June 2019. This puts it in the smallest 10% of semi-detached houses houses in London, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in London, and where 2 WEAVER CLOSE lies on this distribution: 3% of semi-detached houses houses are smaller than 2 WEAVER CLOSE, and 97% of houses are larger. Note that EPC data is not available for all properties in London.

2 WEAVER CLOSE: Plot and Title Map

2 WEAVER CLOSE sits on a plot of roughly 0.046 of an acre, or 186m². The below map shows the location of 2 WEAVER CLOSE, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 2 WEAVER CLOSE). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 2 WEAVER CLOSE?

2 WEAVER CLOSE is located in LONDON, in the E6 postcode district. The below map shows the position of No. 2 on WEAVER CLOSE.