Average Price for property in Broom Lane, Whickham, Newcastle upon Tyne, NE16 is around £369,668 which varies based on type of property you are interested in and ranges from £466,550 for detached house to around £313,864 for semi-detached. Similarly terraced house is around £239,517 and a flat is worth £157,766. Values have been changing and have risen £955 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £2,609 in last 6 months, £20,619 in last 1 year, £26,191 in last 2 years, £40,357 in last 3 years, £23,729 in last 4 years and £19,756 in last 5 years.
Currently average asking price of a property in Broom Lane, Whickham, Newcastle upon Tyne, NE16 is around £202,030 based on approximately 4 properties for sale. Same is the case with rental options based on 37 properties up for rent, average asking rent is around £554 per month.
Estimated property value in Broom Lane, Whickham, Newcastle upon Tyne, NE16 is £369,668. Average asking price is £202,030 while average price paid is £286,375 which is up by £20,619 and Avg. asking rent £554.Based on an Online Survey
Buyers are willing to pay high dollar prices to grab these properties because of the recent trend in real estate investment especially in Broom Lane, Whickham, Newcastle upon Tyne, NE16 area. In last 1 year alone average price buyer paid is around £286,375 based on approximately 4 sales in Broom Lane, Whickham, Newcastle upon Tyne, NE16 area alone. If you compare it to last 3 years sales of 10 properties where buyers paid around £332,907. It has been same for some time now for e.g. if you take an average of amount paid in last 5 years, it comes to around £296,825 for 17 and average amount paid for purchase of approx. 20 properties sold in last 7 years comes to about £288,701 per sale.