Apartment 2 Rialto Melbourne Street

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

    This flat/maisonette leasehold property on Melbourne Street last sold in June 2006 for £186,950. Based on price growth in the NE1 district since then, its estimated current value is £178,209 — placing it in the 19th percentile nationally and the 65th percentile within NE1. The property covers 24 m² (258 sq ft), giving an estimated value of £7,425 per m². The EPC rating is C, with a potential rating of C.

    Type

    Flat/Maisonette

    Tenure

    Leasehold

    Floor Area

    258 sq ft

    24 m²

    Last Sale Price

    £186,950

    Jun 2006

    Estimated Valuation

    £178,209

    Est. £/sq ft

    £690/sq ft

    £7,425/m²

    Property Details

    TypeFlat/Maisonette
    TenureLeasehold
    Built formNot available
    Construction age2013
    Habitable roomsNot available
    Main fuelElectricity: electricity, unspecified tariff
    EPC currentC
    EPC potentialC
    Floor area258 sq ft (24 m²)
    EPC dateNov 2013
    WallsAverage thermal transmittance 0.22 W/m²K
    HeatingRoom heaters, electric

    Transaction History

    15 Jun 2006

    £186,950

    Key Metrics

    Estimated valuation£178,209
    Value per sq ft / m²£690/sq ft (£7,425/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    NE1 district percentile65th percentile
    National percentile19th 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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