Apartment 31 Forth Banks Tower Forth Banks

    APARTMENT 31 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 £284,000. Based on price growth in the NE1 district since then, its estimated current value is £256,375 — placing it in the 39th percentile nationally and the 91st percentile within NE1. The property covers 67 m² (721 sq ft), giving an estimated value of £3,826 per m². The EPC rating is C, with a potential rating of B.

    Type

    Flat/Maisonette

    Tenure

    Leasehold

    Floor Area

    721 sq ft

    67 m²

    Last Sale Price

    £284,000

    Jul 2008

    Estimated Valuation

    £256,375

    Est. £/sq ft

    £355/sq ft

    £3,826/m²

    Property Details

    TypeFlat/Maisonette
    TenureLeasehold
    Built formMid-Terrace
    Construction ageEngland and Wales: 2003-2006
    Habitable rooms3
    Main fuelelectricity (not community)
    EPC currentC
    EPC potentialB
    Floor area721 sq ft (67 m²)
    EPC dateAug 2019
    WallsSystem built, with internal insulation
    HeatingElectric storage heaters

    Transaction History

    4 Jul 2008

    New build

    £284,000

    Key Metrics

    Estimated valuation£256,375
    Value per sq ft / m²£355/sq ft (£3,826/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    NE1 district percentile91st percentile
    National percentile39th 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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