Apartment 31 Hanover Mill Hanover Street

    APARTMENT 31 HANOVER MILL, HANOVER STREET, NEWCASTLE UPON TYNE, NE1 3AB

    This flat/maisonette leasehold property on Hanover Street last sold in August 2022 for £115,000. Based on price growth in the NE1 district since then, its estimated current value is £123,279 — placing it in the 7th percentile nationally and the 28th percentile within NE1. The property covers 68 m² (732 sq ft), giving an estimated value of £1,813 per m². The EPC rating is C, with a potential rating of B.

    Type

    Flat/Maisonette

    Tenure

    Leasehold

    Floor Area

    732 sq ft

    68 m²

    Last Sale Price

    £115,000

    Aug 2022

    Estimated Valuation

    £123,279

    Est. £/sq ft

    £168/sq ft

    £1,813/m²

    Property Details

    TypeFlat/Maisonette
    TenureLeasehold
    Built formEnclosed Mid-Terrace
    Construction ageEngland and Wales: 2003-2006
    Habitable rooms3
    Main fuelelectricity (not community)
    EPC currentC
    EPC potentialB
    Floor area732 sq ft (68 m²)
    EPC dateJul 2019
    WallsSystem built, as built, insulated (assumed)
    HeatingRoom heaters, electric

    Transaction History

    1 Aug 2022

    £115,000

    30 Apr 2008

    New build

    £207,500

    Key Metrics

    Estimated valuation£123,279
    Value per sq ft / m²£168/sq ft (£1,813/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    NE1 district percentile28th 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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