Apartment 42 Rialto Melbourne Street

    APARTMENT 42 RIALTO, MELBOURNE STREET, NEWCASTLE UPON TYNE, NE1 2JR

    This flat/maisonette leasehold property on Melbourne Street last sold in June 2006 for £185,000. Based on price growth in the NE1 district since then, its estimated current value is £176,350 — placing it in the 18th percentile nationally and the 64th percentile within NE1. The property covers 66 m² (710 sq ft), giving an estimated value of £2,672 per m². The EPC rating is C, with a potential rating of B.

    Type

    Flat/Maisonette

    Tenure

    Leasehold

    Floor Area

    710 sq ft

    66 m²

    Last Sale Price

    £185,000

    Jun 2006

    Estimated Valuation

    £176,350

    Est. £/sq ft

    £248/sq ft

    £2,672/m²

    Property Details

    TypeFlat/Maisonette
    TenureLeasehold
    Built formEnd-Terrace
    Construction ageEngland and Wales: 2003-2006
    Habitable rooms4
    Main fuelelectricity (not community)
    EPC currentC
    EPC potentialB
    Floor area710 sq ft (66 m²)
    EPC dateDec 2018
    WallsSystem built, as built, insulated (assumed)
    HeatingRoom heaters, electric

    Transaction History

    16 Jun 2006

    New build

    £185,000

    Key Metrics

    Estimated valuation£176,350
    Value per sq ft / m²£248/sq ft (£2,672/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    NE1 district percentile64th percentile
    National percentile18th 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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