Apartment 43 Marconi House Melbourne Street

    APARTMENT 43 MARCONI HOUSE, MELBOURNE STREET, NEWCASTLE UPON TYNE, NEWCASTLE UPON TYNE, NE1 2JS

    This flat/maisonette leasehold property on Melbourne Street last sold in November 2007 for £124,000. Based on price growth in the NE1 district since then, its estimated current value is £113,222 — placing it in the 6th percentile nationally and the 20th percentile within NE1. The property covers 39 m² (420 sq ft), giving an estimated value of £2,903 per m². The EPC rating is B, with a potential rating of B.

    Type

    Flat/Maisonette

    Tenure

    Leasehold

    Floor Area

    420 sq ft

    39 m²

    Last Sale Price

    £124,000

    Nov 2007

    Estimated Valuation

    £113,222

    Est. £/sq ft

    £270/sq ft

    £2,903/m²

    Property Details

    TypeFlat/Maisonette
    TenureLeasehold
    Built formEnclosed Mid-Terrace
    Construction ageEngland and Wales: 2003-2006
    Habitable rooms2
    Main fuelelectricity (not community)
    EPC currentB
    EPC potentialB
    Floor area420 sq ft (39 m²)
    EPC dateJun 2020
    WallsCavity wall, as built, insulated (assumed)
    HeatingRoom heaters, electric

    Transaction History

    16 Nov 2007

    £124,000

    6 May 2005

    New build

    £129,620

    Key Metrics

    Estimated valuation£113,222
    Value per sq ft / m²£270/sq ft (£2,903/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    NE1 district percentile20th percentile
    National percentile6th 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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