28, FRANCIS CLOSE, LONDON, E14 3DE - £400,000

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.

28 FRANCIS CLOSE is a very small terraced house of 54m², built sometime between 1991 and 1995, which could now be worth an estimated £503,052. It was last sold for £400,000 in June 2014, which was around 28% below the average June 2014 terraced price in the Tower Hamlets local authority area. The most recent EPC inspection was March 2014, where the current energy rating was C, and the potential energy rating was A.

28 FRANCIS CLOSE Sold Prices

Land registry data shows four sales for 28 FRANCIS CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average terraced price in the Tower Hamlets local authority area for the corresponding sale date. All of the four 28 FRANCIS CLOSE sales were for below 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
2014 20 JUN	£400,000	£552,758	28% below HPI
2006 5 APR	£225,000	£305,215	26% below HPI
2000 27 OCT	£141,000	£191,208	26% below HPI
1997 12 FEB	£59,995	£105,745	43% below HPI

28 FRANCIS CLOSE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Tower Hamlets local authority area over time, sourced from the HPI. The four 28 FRANCIS CLOSE sales between February 1997 and June 2014 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 April 2006 sale was for 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the June 2014 sale, where it falls to 28% below the HPI. The line then continues to track at 28% below the HPI.

What might 28 FRANCIS CLOSE be worth now?

28 FRANCIS CLOSE might now be worth an estimated £503,052.

This is based on house price inflation of 25.8%, between June 2014 and April 2026, for terraced houses, in the Tower Hamlets local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 25.8% inflationary increase is applied to the most recent sale price for 28 FRANCIS CLOSE of £400,000 on 20th June 2014. For the value to have increased from £400,000 to £503,052 over the twelve years and two months to April 2026, the following assumptions must hold true:

• The value of 28 FRANCIS CLOSE has moved in line with the HPI for terraced houses in the Tower Hamlets local authority area.
• The June 2014 sale price of £400,000 represented a fair market value for the property.
• The size, condition, and specification of 28 FRANCIS CLOSE has not materially changed since June 2014.

How Large is 28 FRANCIS CLOSE?

28 FRANCIS CLOSE is 54m² according to the EPC inspection conducted in March 2014. This puts it in the smallest 10% of terraced houses houses in London, based on EPC data. The below chart shows the distribution of terraced houses houses by size in London, and where 28 FRANCIS CLOSE lies on this distribution: 1% of terraced houses houses are smaller than 28 FRANCIS CLOSE, and 99% of houses are larger. Note that EPC data is not available for all properties in London.

28 FRANCIS CLOSE: Plot and Title Map

28 FRANCIS CLOSE sits on a plot of roughly 0.011 of an acre, or 46m². The below map shows the location of 28 FRANCIS 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 28 FRANCIS 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 28 FRANCIS CLOSE?

28 FRANCIS CLOSE is located in LONDON, in the E14 postcode district. The below map shows the position of No. 28 on FRANCIS CLOSE.