24, MATFIELD CLOSE, BROMLEY, BR2 9DY - £486,000

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.

24 MATFIELD CLOSE is a very small extended terraced house of 89m², built sometime between 1967 and 1975, which could now be worth an estimated £517,457. It was last sold for £486,000 in May 2022, which was around 5% above the average May 2022 terraced price in the Bromley local authority area. The most recent EPC inspection was January 2022, where the current energy rating was C, and the potential energy rating was B.

24 MATFIELD CLOSE Sold Prices

Land registry data shows two sales for 24 MATFIELD CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the Bromley local authority area for the corresponding sale date. Both of the two 24 MATFIELD CLOSE sales were for above 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
2022 12 MAY	£486,000	£461,367	5% above HPI
2004 28 OCT	£236,000	£209,363	13% above HPI

24 MATFIELD CLOSE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Bromley local authority area over time, sourced from the HPI. The two 24 MATFIELD CLOSE sales from October 2004 and May 2022 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 October 2004 sale was for 13% above the HPI. So the extrapolation line tracks at 13% above the HPI over time, until the May 2022 sale, where it falls to 5% above the HPI. The line then continues to track at 5% above the HPI.

What might 24 MATFIELD CLOSE be worth now?

24 MATFIELD CLOSE might now be worth an estimated £517,457.

This is based on house price inflation of 6.5%, between May 2022 and April 2026, for terraced houses, in the Bromley local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 6.5% inflationary increase is applied to the most recent sale price for 24 MATFIELD CLOSE of £486,000 on 12th May 2022. For the value to have increased from £486,000 to £517,457 over the four years and one month to April 2026, the following assumptions must hold true:

• The value of 24 MATFIELD CLOSE has moved in line with the HPI for terraced houses in the Bromley local authority area.
• The May 2022 sale price of £486,000 represented a fair market value for the property.
• The size, condition, and specification of 24 MATFIELD CLOSE has not materially changed since May 2022.

How Large is 24 MATFIELD CLOSE?

24 MATFIELD CLOSE is 89m², which includes one extension, according to the EPC inspection conducted in January 2022. This puts it in the smallest 20% 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 24 MATFIELD CLOSE lies on this distribution: 12% of terraced houses houses are smaller than 24 MATFIELD CLOSE, and 87% of houses are larger. Note that EPC data is not available for all properties in London.

24 MATFIELD CLOSE: Plot and Title Map

24 MATFIELD CLOSE sits on a plot of roughly 0.043 of an acre, or 176m². The below map shows the location of 24 MATFIELD 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 24 MATFIELD 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 24 MATFIELD CLOSE?

24 MATFIELD CLOSE is located in BROMLEY, in the BR2 postcode district. The below map shows the position of No. 24 on MATFIELD CLOSE.