Apartment 22 Forth Banks Tower Forth Banks

    APARTMENT 22 FORTH BANKS TOWER, FORTH BANKS, NEWCASTLE UPON TYNE, NEWCASTLE UPON TYNE, NE1 3PN

    This flat/maisonette leasehold property on Forth Banks last sold in July 2008 for £281,000. Based on price growth in the NE1 district since then, its estimated current value is £253,667 — placing it in the 38th percentile nationally and the 90th percentile within NE1. The property covers 82 m² (883 sq ft), giving an estimated value of £3,094 per m². The EPC rating is C, with a potential rating of C.

    Type

    Flat/Maisonette

    Tenure

    Leasehold

    Floor Area

    883 sq ft

    82 m²

    Last Sale Price

    £281,000

    Jul 2008

    Estimated Valuation

    £253,667

    Est. £/sq ft

    £287/sq ft

    £3,094/m²

    Property Details

    TypeFlat/Maisonette
    TenureLeasehold
    Built formMid-Terrace
    Construction ageEngland and Wales: 1967-1975
    Habitable rooms3
    Main fuelelectricity (not community)
    EPC currentC
    EPC potentialC
    Floor area883 sq ft (82 m²)
    EPC dateOct 2018
    WallsSystem built, as built, no insulation (assumed)
    HeatingElectric storage heaters

    Transaction History

    4 Jul 2008

    New build

    £281,000

    Key Metrics

    Estimated valuation£253,667
    Value per sq ft / m²£287/sq ft (£3,094/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    NE1 district percentile90th percentile
    National percentile38th 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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