Apartment 1 Mill House Hanover Street

    APARTMENT 1 MILL HOUSE, HANOVER STREET, NEWCASTLE UPON TYNE, NE1 3AG

    This flat/maisonette leasehold property on Hanover Street last sold in January 2022 for £130,000. Based on price growth in the NE1 district since then, its estimated current value is £139,359 — placing it in the 10th percentile nationally and the 39th percentile within NE1. The property covers 54 m² (581 sq ft), giving an estimated value of £2,581 per m². The EPC rating is E, with a potential rating of C.

    Type

    Flat/Maisonette

    Tenure

    Leasehold

    Floor Area

    581 sq ft

    54 m²

    Last Sale Price

    £130,000

    Jan 2022

    Estimated Valuation

    £139,359

    Est. £/sq ft

    £240/sq ft

    £2,581/m²

    Property Details

    TypeFlat/Maisonette
    TenureLeasehold
    Built formDetached
    Construction ageEngland and Wales: 1900-1929
    Habitable rooms2
    Main fuelelectricity (not community)
    EPC currentE
    EPC potentialC
    Floor area581 sq ft (54 m²)
    EPC dateOct 2018
    WallsSolid brick, as built, no insulation (assumed)
    HeatingElectric storage heaters

    Transaction History

    17 Jan 2022

    £130,000

    21 Dec 2018

    £111,000

    14 Dec 2012

    £130,000

    30 Sept 2008

    New build

    £145,000

    Key Metrics

    Estimated valuation£139,359
    Value per sq ft / m²£240/sq ft (£2,581/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    NE1 district percentile39th percentile
    National percentile10th 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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