£159,041
This estimated value is based upon the latest sale price for the house of £157,000 on 2 Nov 2023. This value is then adjusted by the current Official House Price Index for NORTHUMBERLAND 1
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| Price Paid | Date |
|---|---|
| £157,000 | 2 Nov 2023 |
| £160,000 | 5 Jun 2017 |
| £143,500 | 1 Aug 2006 |
| £46,000 | 23 Oct 2000 |
| Terraced |
| Freehold |
| Floor Area: 63 sq meters or 678 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 November 2023 the House Price Index for NORTHUMBERLAND was 146.1.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 1.300%.Applying this 1.300% change to the original purchase price of £157,000 results in an estimated price of approximately £159,041.
| 2 Nov 2023 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 146.1 | 148.0 | 1.300 % | £157,000 | £2,041 | £159,041 |
The Postcode Pricing Model uses changes in average sales price within the NE46 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 | -9.412 % | £-14,777 | £142,222 |
| 3 Month Average | -6.305 % | £-9,898 | £147,101 |
| 6 Month Average | 1.947 % | £3,056 | £160,056 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 2 Nov 2023 | £159,042 | £157,000 | 4 PEARSONS TERRACE |
| 30 Jun 2023 | £292,371 | £290,000 | 7 CRESCENT AVENUE |
| 10 Dec 2021 | £122,711 | £115,000 | 7 RYE TERRACE |
| 22 Oct 2021 | £154,281 | £140,000 | 6 PEARSONS TERRACE |
| 5 Mar 2020 | £137,951 | £115,000 | 15 RYE TERRACE |
This house has a floor area of 63 sq meters or 678 sq feet when measured on 20 Apr 2017. Using an estimated price of £159,042 means this house is valued at £2,524 per sq meter (£234 per sq foot).
The average size of a house on PEARSONS TERRACE is 87 sq meters (945 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Other theft | Investigation complete; no suspect identified | On or near Fenwick Grove |
| Feb 2024 | Other theft | Under investigation | On or near Cockshaw |
| Feb 2024 | Public order | Awaiting court outcome | On or near Cockshaw |
| Jan 2024 | Public order | Under investigation | On or near Cockshaw |
| Apr 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Leazes Terrace |