2 Milk Market

    2, MILK MARKET, NEWCASTLE UPON TYNE, NE1 3DN

    This flat/maisonette leasehold property on Milk Market last sold in July 2019 for £148,000. Based on price growth in the NE1 district since then, its estimated current value is £202,237 — placing it in the 25th percentile nationally and the 77th percentile within NE1. The property covers 73 m² (786 sq ft), giving an estimated value of £2,770 per m². The EPC rating is D, with a potential rating of C.

    Type

    Flat/Maisonette

    Tenure

    Leasehold

    Floor Area

    786 sq ft

    73 m²

    Last Sale Price

    £148,000

    Jul 2019

    Estimated Valuation

    £202,237

    Est. £/sq ft

    £257/sq ft

    £2,770/m²

    Property Details

    TypeFlat/Maisonette
    TenureLeasehold
    Built formSemi-Detached
    Construction ageEngland and Wales: before 1900
    Habitable rooms3
    Main fuelmains gas (not community)
    EPC currentD
    EPC potentialC
    Floor area786 sq ft (73 m²)
    EPC dateJan 2022
    WallsSolid brick, as built, no insulation (assumed)
    HeatingBoiler and radiators, mains gas

    Transaction History

    5 Jul 2019

    £148,000

    Key Metrics

    Estimated valuation£202,237
    Value per sq ft / m²£257/sq ft (£2,770/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    NE1 district percentile77th percentile
    National percentile25th 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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