Average Price for property in Fenwick Close, Backworth, Newcastle upon Tyne, NE27 is around £180,889 which varies based on type of property you are interested in and ranges from £238,818 for detached house to around £189,330 for semi-detached. Similarly flat is around £137,354. Values have been changing and have risen £752 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £1,553 in last 6 months, £9,260 in last 1 year, £14,017 in last 2 years, £18,784 in last 3 years, £8,907 in last 4 years and £9,749 in last 5 years.
Currently average asking price of a property in Fenwick Close, Backworth, Newcastle upon Tyne, NE27 is around £163,209 based on approximately 5 properties for sale. Same is the case with rental options based on 23 properties up for rent, average asking rent is around £852 per month.
Estimated property value in Fenwick Close, Backworth, Newcastle upon Tyne, NE27 is £180,889. Average asking price is £163,209 while average price paid is £140,000 which is up by £9,260 and Avg. asking rent £852.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 Fenwick Close, Backworth, Newcastle upon Tyne, NE27 area. In last 1 year alone average price buyer paid is around £140,000 based on approximately 5 sales in Fenwick Close, Backworth, Newcastle upon Tyne, NE27 area alone. If you compare it to last 3 years sales of 12 properties where buyers paid around £173,583. 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 £174,642 for 14 and average amount paid for purchase of approx. 17 properties sold in last 7 years comes to about £185,232 per sale.