£131,089
This estimated value is based upon the latest sale price for the house of £53,000 on 10 Jan 2003. This value is then adjusted by the current Official House Price Index for NORTHUMBERLAND 1
There has been one burglary within the last year on or near Matfen Close
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| Price Paid | Date |
|---|---|
| £53,000 | 10 Jan 2003 |
| £34,000 | 6 Oct 2000 |
| Terraced |
| Freehold |
| Floor Area: 84 sq meters or 912 sq feet |
This model uses changes in the Official Land Registry House Price Index for NORTHUMBERLAND to estimate the market value.
When this house was purchased in January 2003 the House Price Index for NORTHUMBERLAND was 60.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 147.338%.Applying this 147.338% change to the original purchase price of £53,000 results in an estimated price of approximately £131,089.
| 10 Jan 2003 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 60.1 | 148.6 | 147.338 % | £53,000 | £78,089 | £131,089 |
The Postcode Pricing Model uses changes in average sales price within the NE24 postcode to calculate an estimated price.
The average sales price when the house was purchased is compared with the current average sales price.
This change is then applied to the initial purchase price to derive the current estimated price.
Three different estimates are shown, with averages drawn from 1 month, 3 month and 6 month timeframes.
The longer timeframes give less volatile estimates, but are not so timely.
More information on this model and the calculations
| Change % | Change £ | Estimated Price | |
| 1 Month Average | 480.360 % | £254,590 | £307,590 |
| 3 Month Average | 128.100 % | £67,892 | £120,892 |
| 6 Month Average | 109.583 % | £58,079 | £111,079 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 29 Sep 2023 | £113,957 | £112,500 | 20 THORNEYBURN WAY |
| 14 Jul 2023 | £116,569 | £115,000 | 22 CRASTER CLOSE |
| 23 Jun 2023 | £121,471 | £120,000 | 23 ELSDON CLOSE |
| 14 Jul 2022 | £110,297 | £110,000 | 8 MATFEN CLOSE |
| 8 Jul 2022 | £105,283 | £105,000 | 11 BOTHAL CLOSE |
This house has a floor area of 84 sq meters or 912 sq feet when measured on 12 Mar 2010. Using an estimated price of £131,089 means this house is valued at £1,545 per sq meter (£143 per sq foot).
The average size of a house on MATFEN CLOSE is 99 sq meters (1,072 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Matfen Close |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Matfen Close |
| Feb 2024 | Burglary | Investigation complete; no suspect identified | On or near Matfen Close |
| Feb 2024 | Other theft | Investigation complete; no suspect identified | On or near Matfen Close |
| Jan 2024 | Anti-social behaviour | On or near Matfen Close |