Flat 2 Marseille Chambers, 45 Groat Market

    FLAT 2 MARSEILLE CHAMBERS, 45, GROAT MARKET, NEWCASTLE UPON TYNE, NE1 1UG

    This flat/maisonette leasehold property on Groat Market last sold in February 2020 for £120,000. Based on price growth in the NE1 district since then, its estimated current value is £161,856 — placing it in the 15th percentile nationally and the 55th percentile within NE1. The property covers 74 m² (797 sq ft), giving an estimated value of £2,187 per m². The EPC rating is C, with a potential rating of B.

    Type

    Flat/Maisonette

    Tenure

    Leasehold

    Floor Area

    797 sq ft

    74 m²

    Last Sale Price

    £120,000

    Feb 2020

    Estimated Valuation

    £161,856

    Est. £/sq ft

    £203/sq ft

    £2,187/m²

    Property Details

    TypeFlat/Maisonette
    TenureLeasehold
    Built formEnclosed Mid-Terrace
    Construction ageEngland and Wales: 1900-1929
    Habitable rooms3
    Main fuelmains gas (not community)
    EPC currentC
    EPC potentialB
    Floor area797 sq ft (74 m²)
    EPC dateJun 2020
    WallsSandstone or limestone, as built, no insulation (assumed)
    HeatingBoiler and radiators, mains gas

    Transaction History

    28 Feb 2020

    £120,000

    31 May 2002

    £115,000

    Key Metrics

    Estimated valuation£161,856
    Value per sq ft / m²£203/sq ft (£2,187/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    NE1 district percentile55th percentile
    National percentile15th percentile

    District Context — NE1

    NE1 covers Newcastle city centre and its immediate surroundings in Tyne and Wear, positioned as the region's economic and cultural hub. It is a mixed-tenure urban neighbourhood with strong rental demand and a youthful demographic profile.

    Average Property Price - NE1

    £172,297

    6

    National percentile

    Average Net Household Income - NE1

    £588

    0

    National percentile

    10-Year Annualised Price Growth - NE1

    2.0%

    9

    National percentile

    10-Year Annualised Rent Growth - NE

    4.0%

    54

    National percentile

    View full analysis for NE1

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