Apartment 71 Hanover Mill Hanover Street

    APARTMENT 71 HANOVER MILL, HANOVER STREET, NEWCASTLE UPON TYNE, NE1 3AB

    This flat/maisonette leasehold property on Hanover Street last sold in February 2024 for £92,500. Based on price growth in the NE1 district since then, its estimated current value is £94,681 — placing it in the 3rd percentile nationally and the 8th percentile within NE1. The property covers 48 m² (517 sq ft), giving an estimated value of £1,973 per m². The EPC rating is B, with a potential rating of B.

    Type

    Flat/Maisonette

    Tenure

    Leasehold

    Floor Area

    517 sq ft

    48 m²

    Last Sale Price

    £92,500

    Feb 2024

    Estimated Valuation

    £94,681

    Est. £/sq ft

    £183/sq ft

    £1,973/m²

    Property Details

    TypeFlat/Maisonette
    TenureLeasehold
    Built formMid-Terrace
    Construction ageEngland and Wales: 2007 onwards
    Habitable rooms2
    Main fuelelectricity (not community)
    EPC currentB
    EPC potentialB
    Floor area517 sq ft (48 m²)
    EPC dateJun 2013
    WallsCavity wall, as built, insulated (assumed)
    HeatingElectric storage heaters

    Transaction History

    26 Feb 2024

    £92,500

    23 Mar 2018

    £90,000

    31 Mar 2008

    New build

    £144,000

    Key Metrics

    Estimated valuation£94,681
    Value per sq ft / m²£183/sq ft (£1,973/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    NE1 district percentile8th percentile
    National percentile3rd 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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