Apartment 61 Rialto Melbourne Street

    APARTMENT 61 RIALTO, MELBOURNE STREET, NEWCASTLE UPON TYNE, NE1 2JR

    This flat/maisonette leasehold property on Melbourne Street last sold in October 2014 for £105,000. Based on price growth in the NE1 district since then, its estimated current value is £145,016 — placing it in the 11th percentile nationally and the 44th percentile within NE1. The property covers 36 m² (388 sq ft), giving an estimated value of £4,028 per m². The EPC rating is C, with a potential rating of C.

    Type

    Flat/Maisonette

    Tenure

    Leasehold

    Floor Area

    388 sq ft

    36 m²

    Last Sale Price

    £105,000

    Oct 2014

    Estimated Valuation

    £145,016

    Est. £/sq ft

    £374/sq ft

    £4,028/m²

    Property Details

    TypeFlat/Maisonette
    TenureLeasehold
    Built formMid-Terrace
    Construction ageEngland and Wales: 2003-2006
    Habitable rooms3
    Main fuelelectricity (not community)
    EPC currentC
    EPC potentialC
    Floor area388 sq ft (36 m²)
    EPC dateNov 2018
    WallsSystem built, as built, insulated (assumed)
    HeatingRoom heaters, electric

    Transaction History

    17 Oct 2014

    £105,000

    Key Metrics

    Estimated valuation£145,016
    Value per sq ft / m²£374/sq ft (£4,028/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    NE1 district percentile44th percentile
    National percentile11th 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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