Apartment 22 Rialto Melbourne Street

    APARTMENT 22 RIALTO, MELBOURNE STREET, NEWCASTLE UPON TYNE, NE1 2JR

    This flat/maisonette leasehold property on Melbourne Street last sold in September 2013 for £135,000. Based on price growth in the NE1 district since then, its estimated current value is £170,495 — placing it in the 17th percentile nationally and the 60th percentile within NE1. The property covers 24 m² (258 sq ft), giving an estimated value of £7,104 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

    £135,000

    Sept 2013

    Estimated Valuation

    £170,495

    Est. £/sq ft

    £660/sq ft

    £7,104/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

    13 Sept 2013

    £135,000

    22 Jun 2007

    £250,000

    Key Metrics

    Estimated valuation£170,495
    Value per sq ft / m²£660/sq ft (£7,104/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    NE1 district percentile60th percentile
    National percentile17th 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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