Apartment 42 Merchants Quay, 46 - 54 Close

    APARTMENT 42 MERCHANTS QUAY, 46 - 54, CLOSE, NEWCASTLE UPON TYNE, NE1 3RF

    This flat/maisonette leasehold property on Close last sold in December 2014 for £147,500. Based on price growth in the NE1 district since then, its estimated current value is £203,713 — placing it in the 25th percentile nationally and the 77th percentile within NE1. The property covers 53 m² (570 sq ft), giving an estimated value of £3,844 per m². The EPC rating is C, with a potential rating of B.

    Type

    Flat/Maisonette

    Tenure

    Leasehold

    Floor Area

    570 sq ft

    53 m²

    Last Sale Price

    £147,500

    Dec 2014

    Estimated Valuation

    £203,713

    Est. £/sq ft

    £357/sq ft

    £3,844/m²

    Property Details

    TypeFlat/Maisonette
    TenureLeasehold
    Built formMid-Terrace
    Construction ageEngland and Wales: 2003-2006
    Habitable rooms2
    Main fuelelectricity (not community)
    EPC currentC
    EPC potentialB
    Floor area570 sq ft (53 m²)
    EPC dateJun 2012
    WallsSystem built, as built, insulated (assumed)
    HeatingRoom heaters, electric

    Transaction History

    19 Dec 2014

    £147,500

    31 Oct 2005

    New build

    £115,000

    Key Metrics

    Estimated valuation£203,713
    Value per sq ft / m²£357/sq ft (£3,844/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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