Apartment 15 Marconi House Melbourne Street

    APARTMENT 15 MARCONI HOUSE, MELBOURNE STREET, NEWCASTLE UPON TYNE, NE1 2JS

    This flat/maisonette leasehold property on Melbourne Street last sold in August 2024 for £112,000. Based on price growth in the NE1 district since then, its estimated current value is £114,641 — placing it in the 6th percentile nationally and the 21st percentile within NE1. The property covers 38 m² (409 sq ft), giving an estimated value of £3,017 per m². The EPC rating is B, with a potential rating of B.

    Type

    Flat/Maisonette

    Tenure

    Leasehold

    Floor Area

    409 sq ft

    38 m²

    Last Sale Price

    £112,000

    Aug 2024

    Estimated Valuation

    £114,641

    Est. £/sq ft

    £280/sq ft

    £3,017/m²

    Property Details

    TypeFlat/Maisonette
    TenureLeasehold
    Built formEnclosed Mid-Terrace
    Construction ageEngland and Wales: 2007-2011
    Habitable rooms2
    Main fuelelectricity (not community)
    EPC currentB
    EPC potentialB
    Floor area409 sq ft (38 m²)
    EPC dateAug 2020
    WallsSystem built, as built, insulated (assumed)
    HeatingRoom heaters, electric

    Transaction History

    23 Aug 2024

    £112,000

    3 May 2005

    New build

    £110,495

    Key Metrics

    Estimated valuation£114,641
    Value per sq ft / m²£280/sq ft (£3,017/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    NE1 district percentile21st percentile
    National percentile6th 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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