Apartment 116 Hanover Mill Hanover Street

    APARTMENT 116 HANOVER MILL, HANOVER STREET, NEWCASTLE UPON TYNE, NEWCASTLE UPON TYNE, NE1 3AD

    This flat/maisonette leasehold property on Hanover Street last sold in March 2008 for £143,000. Based on price growth in the NE1 district since then, its estimated current value is £129,090 — placing it in the 8th percentile nationally and the 32nd percentile within NE1. The property covers 53 m² (570 sq ft), giving an estimated value of £2,436 per m². The EPC rating is B, with a potential rating of B.

    Type

    Flat/Maisonette

    Tenure

    Leasehold

    Floor Area

    570 sq ft

    53 m²

    Last Sale Price

    £143,000

    Mar 2008

    Estimated Valuation

    £129,090

    Est. £/sq ft

    £226/sq ft

    £2,436/m²

    Property Details

    TypeFlat/Maisonette
    TenureLeasehold
    Built formEnclosed Mid-Terrace
    Construction ageEngland and Wales: 2003-2006
    Habitable rooms2
    Main fuelelectricity (not community)
    EPC currentB
    EPC potentialB
    Floor area570 sq ft (53 m²)
    EPC dateApr 2012
    WallsCavity wall, with internal insulation
    HeatingElectric storage heaters

    Transaction History

    20 Mar 2008

    New build

    £143,000

    Key Metrics

    Estimated valuation£129,090
    Value per sq ft / m²£226/sq ft (£2,436/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    NE1 district percentile32nd percentile
    National percentile8th 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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