Apartment 5 Hanover Mill Hanover Street

    APARTMENT 5 HANOVER MILL, HANOVER STREET, NEWCASTLE UPON TYNE, NE1 3AB

    This flat/maisonette leasehold property on Hanover Street last sold in June 2023 for £72,000. Based on price growth in the NE1 district since then, its estimated current value is £71,854 — placing it in the 1st percentile nationally and the 3rd percentile within NE1. The property covers 53 m² (570 sq ft), giving an estimated value of £1,356 per m². The EPC rating is C, with a potential rating of B.

    Type

    Flat/Maisonette

    Tenure

    Leasehold

    Floor Area

    570 sq ft

    53 m²

    Last Sale Price

    £72,000

    Jun 2023

    Estimated Valuation

    £71,854

    Est. £/sq ft

    £126/sq ft

    £1,356/m²

    Property Details

    TypeFlat/Maisonette
    TenureLeasehold
    Built formMid-Terrace
    Construction ageEngland and Wales: before 1900
    Habitable rooms2
    Main fuelelectricity (not community)
    EPC currentC
    EPC potentialB
    Floor area570 sq ft (53 m²)
    EPC dateJul 2020
    WallsSolid brick, as built, no insulation (assumed)
    HeatingRoom heaters, electric

    Transaction History

    2 Jun 2023

    £72,000

    9 May 2008

    New build

    £152,000

    Key Metrics

    Estimated valuation£71,854
    Value per sq ft / m²£126/sq ft (£1,356/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    NE1 district percentile3rd percentile
    National percentile1st 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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