Dream Home Calculator

Susan Corke
Managing Editor

The holiday season is over, and with the new year comes new resolutions – the perfect time to start looking for a home. Whether you’re looking to settle down, start a family or just have a guaranteed investment for the future, buying rather than renting is a great decision.

With that in mind, we polled people on what their priorities are when looking to buy a new property, and created an algorithm to find the perfect house.

We started searching in Newcastle for a number of reasons – for those of you who haven’t visited already, we definitely recommend it! The city is small enough that you can walk end to end within around 15 minutes.

Additionally, there is great architecture from the glorious Tyne Bridge to the heart of the Grainger Tower; you can always find a good historical building to wander around.

For the party-goers out there, Newcastle is one of the cheapest cities in England to go out in, so you can have a night out without having to dread checking your bank balance the next day.

House prices are very attractive in Newcastle (as they are most places in the North East); you will no longer have to live off baked beans whilst living in a box *cough*London*cough*.

With that in mind we have compiled a list of the winners in Newcastle for you to have a look at;

Dream Home Calculator

Dream Home = Log(House Cost) -0.2(Balcony) -1(Garden) -0.2(Extra toilet) +0.2(Distance from center)

With Balcony, Garden and extra toilet being either 1 or 0.
The lower the score, the better.

 

First place

 

Price – £125,995
Garden – Yes
Extra Toilet – Yes
Miles From Center – 2.6
14 minutes public transport
=LOG(125995) – 1 – 0.2 + 0.2(2.6)
4.42

 

Second place

 

 

House Price – £99,950
Garden – No
Extra Toilet – No
Terrace – Yes
Miles from Center – 3.4
21 Minutes Public Transport
=LOG(99950) – 0.2 + (2.2/5)
5.24

 

Third place

 

Price – £137,995
Garden – Yes
Extra Toilet – Yes
Miles from Center – 0.9
16 minutes public transport
=LOG(137995) – 1 – 0.2 + (8.4/5)
5.62

 

Fourth place

 

House Price = £120,000
Garden – No
Extra Toilet – Yes
Terrace – Yes
19 Minutes Public Transport
=LOG(120000) – 0.2 – 0.2 + (5.1/5)
5.69

 

Fifth place

 

Price – £124,950
Garden – Yes
Extra Toilet – Yes
Miles from Center – 5.6
33 Minutes Public Transport
=LOG(124950) – 1 – 0.2 + (13/5)
6.49

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