Apartment 8 Forth Banks Tower Forth Banks

    APARTMENT 8 FORTH BANKS TOWER, FORTH BANKS, NEWCASTLE UPON TYNE, NEWCASTLE UPON TYNE, NE1 3PN

    This flat/maisonette leasehold property on Forth Banks last sold in May 2008 for £134,435. Based on price growth in the NE1 district since then, its estimated current value is £121,358 — placing it in the 7th percentile nationally and the 26th percentile within NE1. The property covers 54 m² (581 sq ft), giving an estimated value of £2,247 per m². The EPC rating is B, with a potential rating of B.

    Type

    Flat/Maisonette

    Tenure

    Leasehold

    Floor Area

    581 sq ft

    54 m²

    Last Sale Price

    £134,435

    May 2008

    Estimated Valuation

    £121,358

    Est. £/sq ft

    £209/sq ft

    £2,247/m²

    Property Details

    TypeFlat/Maisonette
    TenureLeasehold
    Built formMid-Terrace
    Construction ageEngland and Wales: 2003-2006
    Habitable rooms2
    Main fuelelectricity (not community)
    EPC currentB
    EPC potentialB
    Floor area581 sq ft (54 m²)
    EPC dateOct 2014
    WallsSystem built, as built, insulated (assumed)
    HeatingElectric storage heaters

    Transaction History

    20 May 2008

    New build

    £134,435

    Key Metrics

    Estimated valuation£121,358
    Value per sq ft / m²£209/sq ft (£2,247/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    NE1 district percentile26th percentile
    National percentile7th 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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