12, FRANCIS CLOSE, LONDON, E14 3DE - £435,000

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 FRANCIS CLOSE is a very small terraced house of 51m², built sometime between 1983 and 1990, which could now be worth an estimated £470,694. It was last sold for £435,000 in June 2019, which was around 31% below the average June 2019 terraced price in the Tower Hamlets local authority area. The most recent EPC inspection was February 2019, where the current energy rating was D, and the potential energy rating was B.

12 FRANCIS CLOSE Sold Prices

Land registry data shows one sale for 12 FRANCIS CLOSE since 1^st January 1995. The below table shows the price paid for the one sale, along with the average terraced price in the Tower Hamlets local authority area for the corresponding sale date. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2019 14 JUN	£435,000	£628,583	31% below HPI

What might 12 FRANCIS CLOSE be worth now?

12 FRANCIS CLOSE might now be worth an estimated £470,694.

This is based on house price inflation of 8.2%, between June 2019 and May 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 8.2% inflationary increase is applied to the most recent sale price for 12 FRANCIS CLOSE of £435,000 on 14th June 2019. For the value to have increased from £435,000 to £470,694 over the seven years and one month to May 2026, the following assumptions must hold true:

• The value of 12 FRANCIS CLOSE has moved in line with the HPI for terraced houses in the Tower Hamlets local authority area.
• The June 2019 sale price of £435,000 represented a fair market value for the property.
• The size, condition, and specification of 12 FRANCIS CLOSE has not materially changed since June 2019.

How Large is 12 FRANCIS CLOSE?

12 FRANCIS CLOSE is 51m² according to the EPC inspection conducted in February 2019. This puts it in the smallest 10% of terraced houses in London, based on EPC data. The below chart shows the distribution of terraced houses by size in London, and where 12 FRANCIS CLOSE lies on this distribution: 2% of terraced houses are smaller than 12 FRANCIS CLOSE, and 97% of terraced houses are larger. Note that EPC data is not available for all properties in London.

12 FRANCIS CLOSE: Plot

12 FRANCIS CLOSE sits on a plot of roughly 0.012 of an acre, or 49m².

Where is 12 FRANCIS CLOSE?

12 FRANCIS CLOSE is located in LONDON, in the E14 postcode district.