12, FOUNDER CLOSE, LONDON, E6 6FS - £126,000

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.

12 FOUNDER CLOSE is a very small flat of 40m², built sometime between 1996 and 2002, which could now be worth an estimated £221,002. It was last sold for £126,000 in April 2005, which was around 35% below the average April 2005 flat price in the Newham local authority area. The most recent EPC inspection was December 2021, where the current energy rating was C, and the potential energy rating was C.

12 FOUNDER CLOSE Sold Prices

Land registry data shows two sales for 12 FOUNDER CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average flat price in the Newham local authority area for the corresponding sale date. Both of the two 12 FOUNDER 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
2005 29 APR	£126,000	£192,985	35% below HPI
1996 3 OCT	£44,995	£56,174	20% below HPI

What might 12 FOUNDER CLOSE be worth now?

12 FOUNDER CLOSE might now be worth an estimated £221,002.

This is based on house price inflation of 75.4%, between April 2005 and May 2026, for flats, in the Newham local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 75.4% inflationary increase is applied to the most recent sale price for 12 FOUNDER CLOSE of £126,000 on 29th April 2005. For the value to have increased from £126,000 to £221,002 over the twenty years and eleven months to May 2026, the following assumptions must hold true:

• The value of 12 FOUNDER CLOSE has moved in line with the HPI for flats in the Newham local authority area.
• The April 2005 sale price of £126,000 represented a fair market value for the property.
• The size, condition, and specification of 12 FOUNDER CLOSE has not materially changed since April 2005.

How Large is 12 FOUNDER CLOSE?

12 FOUNDER CLOSE is 40m² according to the EPC inspection conducted in December 2021. This puts it in the smallest 10% of flats in London, based on EPC data. 7% of flats are smaller than 12 FOUNDER CLOSE, and 91% of flats are larger. Note that EPC data is not available for all properties in London.

12 FOUNDER CLOSE: Plot

12 FOUNDER CLOSE sits on a plot of roughly 0.265 of an acre, or 1,071m².

Where is 12 FOUNDER CLOSE?

12 FOUNDER CLOSE is located in LONDON, in the E6 postcode district.