Apartment 38 Forth Banks Tower Forth Banks

    APARTMENT 38 FORTH BANKS TOWER, FORTH BANKS, NEWCASTLE UPON TYNE, NE1 3PN

    This flat/maisonette leasehold property on Forth Banks last sold in July 2023 for £500,000. Based on price growth in the NE1 district since then, its estimated current value is £498,988 — placing it in the 79th percentile nationally and the 100th percentile within NE1. The property covers 117 m² (1,259 sq ft), giving an estimated value of £4,265 per m². The EPC rating is D, with a potential rating of C.

    Type

    Flat/Maisonette

    Tenure

    Leasehold

    Floor Area

    1,259 sq ft

    117 m²

    Last Sale Price

    £500,000

    Jul 2023

    Estimated Valuation

    £498,988

    Est. £/sq ft

    £396/sq ft

    £4,265/m²

    Property Details

    TypeFlat/Maisonette
    TenureLeasehold
    Built formSemi-Detached
    Construction ageEngland and Wales: 2003-2006
    Habitable rooms4
    Main fuelelectricity (not community)
    EPC currentD
    EPC potentialC
    Floor area1,259 sq ft (117 m²)
    EPC dateMar 2023
    WallsSystem built, as built, insulated (assumed)
    HeatingElectric storage heaters

    Transaction History

    3 Jul 2023

    £500,000

    26 Sept 2009

    £340,000

    18 Sept 2008

    New build

    £250,000

    Key Metrics

    Estimated valuation£498,988
    Value per sq ft / m²£396/sq ft (£4,265/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    NE1 district percentile100th percentile
    National percentile79th 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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