Apartment 53 Hanover Mill Hanover Street

    APARTMENT 53 HANOVER MILL, HANOVER STREET, NEWCASTLE UPON TYNE, NE1 3AB

    This flat/maisonette leasehold property on Hanover Street last sold in February 2019 for £165,000. Based on price growth in the NE1 district since then, its estimated current value is £225,467 — placing it in the 31st percentile nationally and the 85th percentile within NE1. The property covers 53 m² (570 sq ft), giving an estimated value of £4,254 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

    £165,000

    Feb 2019

    Estimated Valuation

    £225,467

    Est. £/sq ft

    £395/sq ft

    £4,254/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

    4 Feb 2019

    £165,000

    20 Sept 2013

    £138,000

    30 Jan 2009

    New build

    £135,000

    Key Metrics

    Estimated valuation£225,467
    Value per sq ft / m²£395/sq ft (£4,254/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    NE1 district percentile85th percentile
    National percentile31st 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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