Apartment 63 Rialto Melbourne Street

    APARTMENT 63 RIALTO, MELBOURNE STREET, NEWCASTLE UPON TYNE, NE1 2JR

    This flat/maisonette leasehold property on Melbourne Street last sold in August 2018 for £79,000. Based on price growth in the NE1 district since then, its estimated current value is £88,086 — placing it in the 2nd percentile nationally and the 6th percentile within NE1. The property covers 29 m² (312 sq ft), giving an estimated value of £3,037 per m². The EPC rating is D, with a potential rating of C.

    Type

    Flat/Maisonette

    Tenure

    Leasehold

    Floor Area

    312 sq ft

    29 m²

    Last Sale Price

    £79,000

    Aug 2018

    Estimated Valuation

    £88,086

    Est. £/sq ft

    £282/sq ft

    £3,037/m²

    Property Details

    TypeFlat/Maisonette
    TenureLeasehold
    Built formEnclosed End-Terrace
    Construction ageEngland and Wales: 2012 onwards
    Habitable rooms2
    Main fuelelectricity (not community)
    EPC currentD
    EPC potentialC
    Floor area312 sq ft (29 m²)
    EPC dateJul 2015
    WallsSystem built, as built, insulated (assumed)
    HeatingRoom heaters, electric

    Transaction History

    24 Aug 2018

    £79,000

    Key Metrics

    Estimated valuation£88,086
    Value per sq ft / m²£282/sq ft (£3,037/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    NE1 district percentile6th percentile
    National percentile2nd 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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