Apartment 50 Rialto Melbourne Street

    APARTMENT 50 RIALTO, MELBOURNE STREET, NEWCASTLE UPON TYNE, NE1 2JR

    This flat/maisonette leasehold property on Melbourne Street last sold in June 2006 for £185,950. Based on price growth in the NE1 district since then, its estimated current value is £177,256 — placing it in the 19th percentile nationally and the 64th percentile within NE1. The property covers 73 m² (786 sq ft), giving an estimated value of £2,428 per m². The EPC rating is C, with a potential rating of B.

    Type

    Flat/Maisonette

    Tenure

    Leasehold

    Floor Area

    786 sq ft

    73 m²

    Last Sale Price

    £185,950

    Jun 2006

    Estimated Valuation

    £177,256

    Est. £/sq ft

    £226/sq ft

    £2,428/m²

    Property Details

    TypeFlat/Maisonette
    TenureLeasehold
    Built formEnclosed Mid-Terrace
    Construction ageEngland and Wales: 2003-2006
    Habitable rooms4
    Main fuelelectricity (not community)
    EPC currentC
    EPC potentialB
    Floor area786 sq ft (73 m²)
    EPC dateOct 2013
    WallsCavity wall, as built, insulated (assumed)
    HeatingElectric storage heaters

    Transaction History

    14 Jun 2006

    New build

    £185,950

    Key Metrics

    Estimated valuation£177,256
    Value per sq ft / m²£226/sq ft (£2,428/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    NE1 district percentile64th 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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