Apartment 29 Forth Banks Tower Forth Banks

    APARTMENT 29 FORTH BANKS TOWER, FORTH BANKS, NEWCASTLE UPON TYNE, NE1 3PN

    This flat/maisonette leasehold property on Forth Banks last sold in June 2021 for £150,000. Based on price growth in the NE1 district since then, its estimated current value is £131,345 — placing it in the 9th percentile nationally and the 33rd percentile within NE1. The property covers 69 m² (743 sq ft), giving an estimated value of £1,904 per m². The EPC rating is B, with a potential rating of B.

    Type

    Flat/Maisonette

    Tenure

    Leasehold

    Floor Area

    743 sq ft

    69 m²

    Last Sale Price

    £150,000

    Jun 2021

    Estimated Valuation

    £131,345

    Est. £/sq ft

    £177/sq ft

    £1,904/m²

    Property Details

    TypeFlat/Maisonette
    TenureLeasehold
    Built formEnclosed End-Terrace
    Construction ageEngland and Wales: 2003-2006
    Habitable rooms3
    Main fuelelectricity (not community)
    EPC currentB
    EPC potentialB
    Floor area743 sq ft (69 m²)
    EPC dateJun 2020
    WallsSystem built, as built, insulated (assumed)
    HeatingElectric storage heaters

    Transaction History

    14 Jun 2021

    £150,000

    1 Aug 2008

    New build

    £278,000

    Key Metrics

    Estimated valuation£131,345
    Value per sq ft / m²£177/sq ft (£1,904/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    NE1 district percentile33rd percentile
    National percentile9th 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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