16, FOUNDER CLOSE, LONDON, E6 6FS - £225,000

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.

16 FOUNDER CLOSE is a very small flat of 42m², built sometime between 1991 and 1995, which could now be worth an estimated £228,019. It was last sold for £225,000 in December 2019, which was around 33% below the average December 2019 flat price in the Newham local authority area. The most recent EPC inspection was August 2023, where the current energy rating was C, and the potential energy rating was C.

16 FOUNDER CLOSE Sold Prices

Land registry data shows six sales for 16 FOUNDER CLOSE since 1^st January 1995. The below table shows the price paid for the six sales, along with the average flat price in the Newham local authority area for the corresponding sale date. All of the six 16 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
2019 20 DEC	£225,000	£334,010	33% below HPI
2005 11 NOV	£130,000	£192,449	32% below HPI
2005 17 FEB	£140,000	£193,417	28% below HPI
2003 21 MAY	£112,000	£172,309	35% below HPI
2000 19 MAY	£70,000	£89,444	22% below HPI
1996 30 AUG	£44,995	£54,923	18% below HPI

What might 16 FOUNDER CLOSE be worth now?

16 FOUNDER CLOSE might now be worth an estimated £228,019.

This is based on house price inflation of 1.3%, between December 2019 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 1.3% inflationary increase is applied to the most recent sale price for 16 FOUNDER CLOSE of £225,000 on 20th December 2019. For the value to have increased from £225,000 to £228,019 over the seven years and seven months to May 2026, the following assumptions must hold true:

• The value of 16 FOUNDER CLOSE has moved in line with the HPI for flats in the Newham local authority area.
• The December 2019 sale price of £225,000 represented a fair market value for the property.
• The size, condition, and specification of 16 FOUNDER CLOSE has not materially changed since December 2019.

How Large is 16 FOUNDER CLOSE?

16 FOUNDER CLOSE is 42m² according to the EPC inspection conducted in August 2023. This puts it in the smallest 10% of flats in London, based on EPC data. 10% of flats are smaller than 16 FOUNDER CLOSE, and 89% of flats are larger. Note that EPC data is not available for all properties in London.

16 FOUNDER CLOSE: Plot

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

Where is 16 FOUNDER CLOSE?

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