The property you are viewing is located at 24 Melrose Avenue, Backworth, Newcastle Upon Tyne NE27 0JD. This is a Terraced with an estimated value of £122,558. The average value of properties on Melrose Avenue, Backworth, Newcastle upon Tyne, NE27 is £110,724 while the overall average value of properties in NE27 is £167,502.
Over the past 5 years, the average sold price of properties in Melrose Avenue, Backworth, Newcastle upon Tyne, NE27 is £101,750 and the average rent in the NE27 area is £543 pcm.
Sale History
Latest Sale: £103,000 | Sale Date: 4th Jan 2013 | Property Type: Terraced | Tenure: Freehold
Previous Sale: £85,000 | Sale Date: 8th Jul 2010 | Property Type: Terraced | Tenure: Freehold
Previous Sale: £66,500 | Sale Date: 20th Nov 2002 | Property Type: Terraced | Tenure: Freehold
Disclaimer : Estimated price calculation of the properties is based on Price Paid Data from United Kingdom Land Registry Records available as public record from their website. This information is updated monthly and may not reflect all the public transactions. We strive to ensure that information is accurate and current but Estimates may not reflect the actual property price.
The rental estimates we provide are calculated on the basis of a gross rental yield average of 6.4%*, which is then applied to a property's overall value. This in turn produces an average monthly rent which is about 0.533% of the property's value. The rental yield average we use is extracted from Paragon Groups' latest quarterly report which can be seen
here.
Data produced by Land Registry © Crown copyright 2014.
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