Apartment 34 Rialto Melbourne Street

    APARTMENT 34 RIALTO, MELBOURNE STREET, NEWCASTLE UPON TYNE, NEWCASTLE UPON TYNE, NE1 2JR

    This flat/maisonette leasehold property on Melbourne Street last sold in September 2007 for £325,000. Based on price growth in the NE1 district since then, its estimated current value is £296,752 — placing it in the 48th percentile nationally and the 94th percentile within NE1. The property covers 102 m² (1,098 sq ft), giving an estimated value of £2,909 per m². The EPC rating is D, with a potential rating of C.

    Type

    Flat/Maisonette

    Tenure

    Leasehold

    Floor Area

    1,098 sq ft

    102 m²

    Last Sale Price

    £325,000

    Sept 2007

    Estimated Valuation

    £296,752

    Est. £/sq ft

    £270/sq ft

    £2,909/m²

    Property Details

    TypeFlat/Maisonette
    TenureLeasehold
    Built formMid-Terrace
    Construction ageEngland and Wales: 2003-2006
    Habitable rooms5
    Main fuelelectricity (not community)
    EPC currentD
    EPC potentialC
    Floor area1,098 sq ft (102 m²)
    EPC dateAug 2019
    WallsCavity wall, as built, insulated (assumed)
    HeatingRoom heaters, electric

    Transaction History

    21 Sept 2007

    £325,000

    16 Jun 2006

    New build

    £220,000

    Key Metrics

    Estimated valuation£296,752
    Value per sq ft / m²£270/sq ft (£2,909/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    NE1 district percentile94th percentile
    National percentile48th 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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