3, PEARSONS TERRACE, HEXHAM, NE46 3DZ - £138,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

3 PEARSONS TERRACE is a very small extended detached house of 62m², built sometime between 1900 and 1929. It was last sold for £138,000 in February 2018, which was around 46% below the average February 2018 detached price in the Northumberland local authority area. The most recent EPC inspection was October 2014, where the current energy rating was D, and the potential energy rating was B.

3 PEARSONS TERRACE Sold Prices

Land registry data shows four sales for 3 PEARSONS TERRACE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Northumberland local authority area for the corresponding sale date. All of the four 3 PEARSONS TERRACE sales were for below 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
2018 12 FEB	£138,000	£257,745	46% below HPI
2005 9 SEP	£140,000	£231,316	39% below HPI
2001 22 JUN	£59,000	£110,088	46% below HPI
1998 5 OCT	£47,500	£94,472	50% below HPI

3 PEARSONS TERRACE 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 four 3 PEARSONS TERRACE sales between October 1998 and February 2018 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 September 2005 sale was for 39% below the HPI. So the extrapolation line tracks at 39% below the HPI over time, until the February 2018 sale, where it falls to 46% below the HPI. The line then continues to track at 46% below the HPI.

How Large is 3 PEARSONS TERRACE?

3 PEARSONS TERRACE is 62m², which includes two extensions, according to the EPC inspection conducted in October 2014. This puts it in the smallest 10% of detached houses in Hexham, based on EPC data. The below chart shows the distribution of detached houses by size in Hexham, and where 3 PEARSONS TERRACE lies on this distribution: 1% of detached houses are smaller than 3 PEARSONS TERRACE, and 99% of houses are larger. Note that EPC data is not available for all properties in Hexham.

3 PEARSONS TERRACE: Plot and Title Map

3 PEARSONS TERRACE sits on a plot of roughly 80.3 acres, or 325,130m². The below map shows the location of 3 PEARSONS TERRACE, 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 3 PEARSONS TERRACE). 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 3 PEARSONS TERRACE?

3 PEARSONS TERRACE is located in HEXHAM, in the NE46 postcode district. The below map shows the position of No. 3 on PEARSONS TERRACE.