£161,089
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 145.9.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 2.605%.Applying this 2.605% change to the original purchase price of £157,000 results in an estimated price of approximately £161,089.
| 2 Nov 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 145.9 | 149.7 | 2.605 % | £157,000 | £4,089 | £161,089 |
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 | -3.141 % | £-4,931 | £152,068 |
| 3 Month Average | -1.091 % | £-1,713 | £155,286 |
| 6 Month Average | 8.375 % | £13,147 | £170,147 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 10 May 2024 | £264,000 | £264,000 | 3 WESTBOURNE GROVE |
| 2 Nov 2023 | £161,089 | £157,000 | 4 PEARSONS TERRACE |
| 12 Oct 2023 | £134,351 | £131,300 | 16 RYE TERRACE |
| 5 Sep 2023 | £114,525 | £112,000 | 11 RYE TERRACE |
| 30 Jun 2023 | £295,930 | £290,000 | 7 CRESCENT AVENUE |
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 £161,089 means this house is valued at £2,556 per sq meter (£237 per sq foot).
The average size of a house on PEARSONS TERRACE is 87 sq meters (945 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Portland Terrace |
| Aug 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Crescent Avenue |
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Millfield Court |
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Cockshaw |
| Sep 2024 | Public order | Under investigation | On or near Police Station |