Apartment 41 Merchants Quay, 46 - 54 Close

    APARTMENT 41 MERCHANTS QUAY, 46 - 54, CLOSE, NEWCASTLE UPON TYNE, NE1 3RF

    This flat/maisonette leasehold property on Close last sold in November 2022 for £339,999. Based on price growth in the NE1 district since then, its estimated current value is £364,476 — placing it in the 62nd percentile nationally and the 98th percentile within NE1. The property covers 64 m² (689 sq ft), giving an estimated value of £5,695 per m². The EPC rating is C, with a potential rating of B.

    Type

    Flat/Maisonette

    Tenure

    Leasehold

    Floor Area

    689 sq ft

    64 m²

    Last Sale Price

    £339,999

    Nov 2022

    Estimated Valuation

    £364,476

    Est. £/sq ft

    £529/sq ft

    £5,695/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 area689 sq ft (64 m²)
    EPC dateJan 2016
    WallsSystem built, as built, insulated (assumed)
    HeatingRoom heaters, electric

    Transaction History

    1 Nov 2022

    £339,999

    19 Aug 2016

    £230,000

    12 Feb 2016

    £238,000

    23 Dec 2005

    New build

    £250,000

    Key Metrics

    Estimated valuation£364,476
    Value per sq ft / m²£529/sq ft (£5,695/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    NE1 district percentile98th percentile
    National percentile62nd 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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