32, FENWICK CLOSE, BACKWORTH, NEWCASTLE UPON TYNE, NE27 0RL - £110,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

32 FENWICK CLOSE is a large flat of 66m², built sometime between 2003 and 2006, which could now be worth an estimated £145,005. It was last sold for £110,000 in August 2014, which was around 23% above the average August 2014 flat price in the North Tyneside local authority area. The most recent EPC inspection was April 2011, where the current energy rating was B, and the potential energy rating was B.

32 FENWICK CLOSE Sold Prices

Land registry data shows four sales for 32 FENWICK CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average flat price in the North Tyneside local authority area for the corresponding sale date. All of the four 32 FENWICK CLOSE sales were for above 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
2014 21 AUG	£110,000	£89,239	23% above HPI
2011 14 DEC	£120,000	£81,254	48% above HPI
2006 14 SEP	£155,000	£96,260	61% above HPI
2005 21 OCT	£145,000	£91,480	59% above HPI

What might 32 FENWICK CLOSE be worth now?

32 FENWICK CLOSE might now be worth an estimated £145,005.

This is based on house price inflation of 31.8%, between August 2014 and May 2026, for flats, in the North Tyneside local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 31.8% inflationary increase is applied to the most recent sale price for 32 FENWICK CLOSE of £110,000 on 21st August 2014. For the value to have increased from £110,000 to £145,005 over the twelve years and three months to May 2026, the following assumptions must hold true:

• The value of 32 FENWICK CLOSE has moved in line with the HPI for flats in the North Tyneside local authority area.
• The August 2014 sale price of £110,000 represented a fair market value for the property.
• The size, condition, and specification of 32 FENWICK CLOSE has not materially changed since August 2014.

How Large is 32 FENWICK CLOSE?

32 FENWICK CLOSE is 66m² according to the EPC inspection conducted in April 2011. This puts it in the largest 40% of flats in Backworth, based on EPC data. 63% of flats are smaller than 32 FENWICK CLOSE, and 33% of flats are larger. Note that EPC data is not available for all properties in Backworth.

32 FENWICK CLOSE: Plot

32 FENWICK CLOSE sits on a plot of roughly 0.680 of an acre, or 2,752m².

Where is 32 FENWICK CLOSE?

32 FENWICK CLOSE is located in BACKWORTH, in the NE27 postcode district.