Apartment 55 Rialto Melbourne Street

    APARTMENT 55 RIALTO, MELBOURNE STREET, NEWCASTLE UPON TYNE, NE1 2JR

    This flat/maisonette leasehold property on Melbourne Street last sold in November 2020 for £90,000. Based on price growth in the NE1 district since then, its estimated current value is £121,392 — placing it in the 7th percentile nationally and the 26th percentile within NE1. The property covers 73 m² (786 sq ft), giving an estimated value of £1,663 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

    £90,000

    Nov 2020

    Estimated Valuation

    £121,392

    Est. £/sq ft

    £154/sq ft

    £1,663/m²

    Property Details

    TypeFlat/Maisonette
    TenureLeasehold
    Built formEnclosed End-Terrace
    Construction ageEngland and Wales: 2003-2006
    Habitable rooms2
    Main fuelelectricity (not community)
    EPC currentC
    EPC potentialB
    Floor area786 sq ft (73 m²)
    EPC dateJun 2020
    WallsCavity wall, as built, insulated (assumed)
    HeatingRoom heaters, electric

    Transaction History

    4 Nov 2020

    £90,000

    19 Oct 2012

    £110,000

    21 Dec 2007

    New build

    £215,000

    Key Metrics

    Estimated valuation£121,392
    Value per sq ft / m²£154/sq ft (£1,663/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    NE1 district percentile26th percentile
    National percentile7th 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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