Apartment 60 Rialto Melbourne Street

    APARTMENT 60 RIALTO, MELBOURNE STREET, NEWCASTLE UPON TYNE, NE1 2JR

    This flat/maisonette leasehold property on Melbourne Street last sold in September 2014 for £87,000. Based on price growth in the NE1 district since then, its estimated current value is £120,156 — placing it in the 7th percentile nationally and the 25th percentile within NE1. The property covers 24 m² (258 sq ft), giving an estimated value of £5,007 per m². The EPC rating is B, with a potential rating of B.

    Type

    Flat/Maisonette

    Tenure

    Leasehold

    Floor Area

    258 sq ft

    24 m²

    Last Sale Price

    £87,000

    Sept 2014

    Estimated Valuation

    £120,156

    Est. £/sq ft

    £465/sq ft

    £5,007/m²

    Property Details

    TypeFlat/Maisonette
    TenureLeasehold
    Built formMid-Terrace
    Construction ageEngland and Wales: 2003-2006
    Habitable rooms2
    Main fuelelectricity (not community)
    EPC currentB
    EPC potentialB
    Floor area258 sq ft (24 m²)
    EPC dateDec 2019
    WallsSolid brick, as built, insulated (assumed)
    HeatingElectric storage heaters

    Transaction History

    12 Sept 2014

    £87,000

    Key Metrics

    Estimated valuation£120,156
    Value per sq ft / m²£465/sq ft (£5,007/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    NE1 district percentile25th 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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