Apartment 49 Hanover Mill Hanover Street

    APARTMENT 49 HANOVER MILL, HANOVER STREET, NEWCASTLE UPON TYNE, NE1 3AB

    This flat/maisonette leasehold property on Hanover Street last sold in June 2024 for £196,000. Based on price growth in the NE1 district since then, its estimated current value is £200,622 — placing it in the 25th percentile nationally and the 76th percentile within NE1. The property covers 96 m² (1,033 sq ft), giving an estimated value of £2,090 per m². The EPC rating is B, with a potential rating of B.

    Type

    Flat/Maisonette

    Tenure

    Leasehold

    Floor Area

    1,033 sq ft

    96 m²

    Last Sale Price

    £196,000

    Jun 2024

    Estimated Valuation

    £200,622

    Est. £/sq ft

    £194/sq ft

    £2,090/m²

    Property Details

    TypeFlat/Maisonette
    TenureLeasehold
    Built formEnclosed Mid-Terrace
    Construction ageEngland and Wales: 2007 onwards
    Habitable rooms3
    Main fuelelectricity (not community)
    EPC currentB
    EPC potentialB
    Floor area1,033 sq ft (96 m²)
    EPC dateFeb 2014
    WallsCavity wall, as built, insulated (assumed)
    HeatingElectric storage heaters

    Transaction History

    28 Jun 2024

    £196,000

    12 Mar 2021

    £173,000

    13 Nov 2015

    £160,000

    1 Jun 2010

    £140,000

    30 Sept 2008

    New build

    £240,000

    Key Metrics

    Estimated valuation£200,622
    Value per sq ft / m²£194/sq ft (£2,090/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    NE1 district percentile76th percentile
    National percentile25th 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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