3 The Open

    3, THE OPEN, NEWCASTLE UPON TYNE, NE1 4DB

    This flat/maisonette leasehold property on The Open last sold in August 2022 for £116,500. Based on price growth in the NE1 district since then, its estimated current value is £124,887 — placing it in the 8th percentile nationally and the 29th percentile within NE1. The property covers 36 m² (388 sq ft), giving an estimated value of £3,469 per m². The EPC rating is E, with a potential rating of C.

    See wider trends for The Open →

    Type

    Flat/Maisonette

    Tenure

    Leasehold

    Floor Area

    388 sq ft

    36 m²

    Last Sale Price

    £116,500

    Aug 2022

    Estimated Valuation

    £124,887

    Est. £/sq ft

    £322/sq ft

    £3,469/m²

    Property Details

    TypeFlat/Maisonette
    TenureLeasehold
    Built formSemi-Detached
    Construction ageEngland and Wales: 1983-1990
    Habitable rooms2
    Main fuelelectricity (not community)
    EPC currentE
    EPC potentialC
    Floor area388 sq ft (36 m²)
    EPC dateMar 2022
    WallsCavity wall, as built, insulated (assumed)
    HeatingRoom heaters, electric

    Transaction History

    2 Aug 2022

    £116,500

    14 Jun 2002

    £75,000

    Key Metrics

    Estimated valuation£124,887
    Value per sq ft / m²£322/sq ft (£3,469/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    NE1 district percentile29th percentile
    National percentile8th percentile

    District Context — NE1

    See wider trends for 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

    £143,825

    2

    National percentile

    12 month avg at 31 Aug 2026

    Average Net Household Income - NE1

    £588

    0

    National percentile

    2023 census data

    10-Year Annualised Price Growth - NE1

    -0.2%

    4

    National percentile

    Estimate at 31 Aug 2026

    10-Year Annualised Rent Growth - NE

    4.1%

    58

    National percentile

    Estimate at 31 Aug 2026

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