Apartment 1 Rialto Melbourne Street

    APARTMENT 1 RIALTO, MELBOURNE STREET, NEWCASTLE UPON TYNE, NE1 2JR

    This flat/maisonette leasehold property on Melbourne Street last sold in December 2005 for £120,000. Based on price growth in the NE1 district since then, its estimated current value is £116,969 — placing it in the 6th percentile nationally and the 23rd percentile within NE1. The property covers 33 m² (355 sq ft), giving an estimated value of £3,545 per m². The EPC rating is D, with a potential rating of D.

    Type

    Flat/Maisonette

    Tenure

    Leasehold

    Floor Area

    355 sq ft

    33 m²

    Last Sale Price

    £120,000

    Dec 2005

    Estimated Valuation

    £116,969

    Est. £/sq ft

    £329/sq ft

    £3,545/m²

    Property Details

    TypeFlat/Maisonette
    TenureLeasehold
    Built formEnd-Terrace
    Construction age2012
    Habitable roomsNot available
    Main fuelElectricity: electricity, unspecified tariff
    EPC currentD
    EPC potentialD
    Floor area355 sq ft (33 m²)
    EPC dateSept 2012
    WallsAverage thermal transmittance 0.17 W/m²K
    HeatingElectric storage heaters

    Transaction History

    23 Dec 2005

    New build

    £120,000

    Key Metrics

    Estimated valuation£116,969
    Value per sq ft / m²£329/sq ft (£3,545/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    NE1 district percentile23rd percentile
    National percentile6th 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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