Apartment 47 Rialto Melbourne Street

    APARTMENT 47 RIALTO, MELBOURNE STREET, NEWCASTLE UPON TYNE, NEWCASTLE UPON TYNE, NE1 2JR

    This flat/maisonette leasehold property on Melbourne Street last sold in May 2008 for £236,000. Based on price growth in the NE1 district since then, its estimated current value is £213,044 — placing it in the 28th percentile nationally and the 81st percentile within NE1. The property covers 66 m² (710 sq ft), giving an estimated value of £3,228 per m². The EPC rating is D, with a potential rating of C.

    Type

    Flat/Maisonette

    Tenure

    Leasehold

    Floor Area

    710 sq ft

    66 m²

    Last Sale Price

    £236,000

    May 2008

    Estimated Valuation

    £213,044

    Est. £/sq ft

    £300/sq ft

    £3,228/m²

    Property Details

    TypeFlat/Maisonette
    TenureLeasehold
    Built formSemi-Detached
    Construction ageEngland and Wales: 2003-2006
    Habitable rooms4
    Main fuelelectricity (not community)
    EPC currentD
    EPC potentialC
    Floor area710 sq ft (66 m²)
    EPC dateMay 2020
    WallsCavity wall, as built, insulated (assumed)
    HeatingRoom heaters, electric

    Transaction History

    23 May 2008

    £236,000

    18 Jul 2006

    New build

    £160,000

    Key Metrics

    Estimated valuation£213,044
    Value per sq ft / m²£300/sq ft (£3,228/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    NE1 district percentile81st percentile
    National percentile28th 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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