4, CHATTON CLOSE, MORPETH, NE61 2YP - £395,000

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.

4 CHATTON CLOSE is a large detached house of 168m², built sometime between 1996 and 2002, which could now be worth an estimated £580,758. It was last sold for £395,000 in August 2014, which was around 61% above the average August 2014 detached price in the Northumberland local authority area. The most recent EPC inspection was April 2014, where the current energy rating was C, and the potential energy rating was C.

4 CHATTON CLOSE Sold Prices

Land registry data shows three sales for 4 CHATTON CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Northumberland local authority area for the corresponding sale date. All of the three 4 CHATTON 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
2014 15 AUG	£395,000	£244,621	61% above HPI
2003 28 NOV	£390,000	£195,104	100% above HPI
2001 18 MAY	£205,000	£109,889	87% above HPI

4 CHATTON CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Northumberland local authority area over time, sourced from the HPI. The three 4 CHATTON CLOSE sales between May 2001 and August 2014 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 November 2003 sale was for 100% above the HPI. So the extrapolation line tracks at 100% above the HPI over time, until the August 2014 sale, where it falls to 61% above the HPI. The line then continues to track at 61% above the HPI.

What might 4 CHATTON CLOSE be worth now?

4 CHATTON CLOSE might now be worth an estimated £580,758.

This is based on house price inflation of 47%, between August 2014 and April 2026, for detached houses, in the Northumberland local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 47% inflationary increase is applied to the most recent sale price for 4 CHATTON CLOSE of £395,000 on 15th August 2014. For the value to have increased from £395,000 to £580,758 over the twelve years and four months to April 2026, the following assumptions must hold true:

• The value of 4 CHATTON CLOSE has moved in line with the HPI for detached houses in the Northumberland local authority area.
• The August 2014 sale price of £395,000 represented a fair market value for the property.
• The size, condition, and specification of 4 CHATTON CLOSE has not materially changed since August 2014.

How Large is 4 CHATTON CLOSE?

4 CHATTON CLOSE is 168m² according to the EPC inspection conducted in April 2014. This puts it in the largest 30% of detached houses houses in Morpeth, based on EPC data. The below chart shows the distribution of detached houses houses by size in Morpeth, and where 4 CHATTON CLOSE lies on this distribution: 73% of detached houses houses are smaller than 4 CHATTON CLOSE, and 26% of houses are larger. Note that EPC data is not available for all properties in Morpeth.

4 CHATTON CLOSE: Plot and Title Map

4 CHATTON CLOSE sits on a plot of roughly 0.163 of an acre, or 661m². The below map shows the location of 4 CHATTON 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 4 CHATTON 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 4 CHATTON CLOSE?

4 CHATTON CLOSE is located in MORPETH, in the NE61 postcode district. The below map shows the position of No. 4 on CHATTON CLOSE.