Apartment 6 Hanover Mill Hanover Street

    APARTMENT 6 HANOVER MILL, HANOVER STREET, NEWCASTLE UPON TYNE, NE1 3AB

    This terraced leasehold property on Hanover Street last sold in December 2008 for £90,000. Based on price growth in the NE1 district since then, its estimated current value is £83,042 — placing it in the 2nd percentile nationally and the 5th percentile within NE1. The property covers 44 m² (474 sq ft), giving an estimated value of £1,887 per m². The EPC rating is C, with a potential rating of C.

    Type

    Terraced

    Tenure

    Leasehold

    Floor Area

    474 sq ft

    44 m²

    Last Sale Price

    £90,000

    Dec 2008

    Estimated Valuation

    £83,042

    Est. £/sq ft

    £175/sq ft

    £1,887/m²

    Property Details

    TypeTerraced
    TenureLeasehold
    Built formMid-Terrace
    Construction ageEngland and Wales: before 1900
    Habitable rooms2
    Main fuelelectricity (not community)
    EPC currentC
    EPC potentialC
    Floor area474 sq ft (44 m²)
    EPC dateNov 2018
    WallsSolid brick, as built, no insulation (assumed)
    HeatingElectric storage heaters

    Transaction History

    18 Dec 2008

    £90,000

    30 Sept 2008

    New build

    £160,000

    Key Metrics

    Estimated valuation£83,042
    Value per sq ft / m²£175/sq ft (£1,887/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    NE1 district percentile5th percentile
    National percentile2nd 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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