Average Price for property in Broom Terrace, Whickham, Newcastle upon Tyne, NE16 is around £128,033 which varies based on type of property you are interested in and ranges from £139,195 for semi-detached to around £125,553 for terraced house. Values have been changing and have risen £329 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £899 in last 6 months, £7,121 in last 1 year, £9,048 in last 2 years, £13,940 in last 3 years, £8,203 in last 4 years and £6,838 in last 5 years.
Currently average asking price of a property in Broom Terrace, 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 Terrace, Whickham, Newcastle upon Tyne, NE16 is £128,033. Average asking price is £202,030 while average price paid is £112,250 which is up by £7,121 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 Terrace, Whickham, Newcastle upon Tyne, NE16 area. In last 1 year alone average price buyer paid is around £112,250 based on approximately 4 sales in Broom Terrace, Whickham, Newcastle upon Tyne, NE16 area alone. If you compare it to last 3 years sales of 5 properties where buyers paid around £111,600. 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 £110,500 for 6 and average amount paid for purchase of approx. 7 properties sold in last 7 years comes to about £113,278 per sale.