Apartment 32 Merchants Quay, 46 - 54 Close

    APARTMENT 32 MERCHANTS QUAY, 46 - 54, CLOSE, NEWCASTLE UPON TYNE, NE1 3RF

    This flat/maisonette leasehold property on Close last sold in August 2025 for £130,000. Based on price growth in the NE1 district since then, its estimated current value is £130,000 — placing it in the 9th percentile nationally and the 32nd percentile within NE1. The property covers 48 m² (517 sq ft), giving an estimated value of £2,708 per m². The EPC rating is C, with a potential rating of B.

    Type

    Flat/Maisonette

    Tenure

    Leasehold

    Floor Area

    517 sq ft

    48 m²

    Last Sale Price

    £130,000

    Aug 2025

    Estimated Valuation

    £130,000

    Est. £/sq ft

    £252/sq ft

    £2,708/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 area517 sq ft (48 m²)
    EPC dateNov 2018
    WallsCavity wall, as built, insulated (assumed)
    HeatingElectric storage heaters

    Transaction History

    6 Aug 2025

    £130,000

    9 Jun 2006

    £165,000

    31 Oct 2005

    New build

    £150,000

    Key Metrics

    Estimated valuation£130,000
    Value per sq ft / m²£252/sq ft (£2,708/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    NE1 district percentile32nd 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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