Apartment 1, Rialto Melbourne Street, Newcastle Upon Tyne, NE1 2JR is a leasehold flat built between 2003-2006. The property offers approximately 872 square feet of living space. In this location, apartments of similar size usually have three bedrooms.

The estimated current market value of the property is £145,450 , which equates to approximately £167 per square foot. It was last sold on 23 Dec 2005 for £120,000. Since then, the value has increased by £25,450, representing a 21.2% increase, or approximately 1.1% per year.

The current estimated value of £145,450 is:

  • 27.9% lower than the average property price on Melbourne Street
  • 31.8% lower than the average in the NE1 2JR postcode area
  • and 45.1% lower than the average price for Newcastle Upon Tyne as a whole

At the most recent EPC inspection on 6 November 2024, the property was recorded as owner-occupied.

View sold house prices in NE1 2JR

Building approximate location

About Property

Type
Flat
Built
2003-2006
Interior Size
872 sq ft
Tenure
Leasehold
Price (estimate)
£145,450
Price Per sq ft (estimate)
£167
Bedroom Count (estimate)
3 bedrooms

EPC Summary

Apartment 1, Rialto Melbourne Street, Newcastle Upon Tyne, Tyne And Wear, NE1 2JR has an Energy Performance Certificate (EPC) rating of C, based on the latest assessment carried out on 6 Nov 2024.

This property uses electric room heaters as its main heating source. A standard tariff electric immersion heater is used to provide hot water. The windows are fully double glazed.

The previous EPC assessment was conducted on 18 Mar 2009, when the property was rated D. Since then, the rating has improved to C, with the energy efficiency score increasing by 10.8%.

Since the previous assessment, several changes were observed:

  • The hot water system was changed from electric immersion, off-peak to electric immersion, standard tariff, with its energy efficiency changing from average to very poor.
  • The lighting was updated from low energy lighting in 25% of fixed outlets to low energy lighting in all fixed outlets, with efficiency improving from average to very good.
Heating Type
Room heaters, electric
Very Poor
Hot Water
Electric immersion, standard tariff
Very Poor
Walls
Cavity wall, as built, insulated (assumed)
Good
Windows
Fully double glazed
Good
Lighting
Low energy lighting in all fixed outlets
Very Good

Compared to NE1 2JR

62 nd / 64
Price Rank
32% lower than average
17 th / 64
Size Rank
16% bigger than average
64 th / 64
Price Per Sq FT Rank
41% lower than average

Compared to other properties in NE1 2JR , this flat's estimated value ranks 62th out of 64. Based on price per square foot, it ranks 64th out of 64 properties. This indicates a lower price per square foot than most, suggesting good value for the space offered. In terms of size, this home ranks 17th out of 64 properties in its postcode area.

Sale History

Today
£145,450
streetscan.co.uk estimate
+21 %
23 Dec 2005
£120,000
Leasehold

Area Insights

Similar Properties Sold Nearby

rooms: 4
size: 786 sq ft
sale price: £170,000
sale date: 6 Mar 2024
rooms: 4
size: 872 sq ft
sale price: £148,000
sale date: 27 May 2022
rooms: 2
size: 786 sq ft
sale price: £90,000
sale date: 4 Nov 2020
rooms: 3
size: 829 sq ft
sale price: £109,000
sale date: 2 Oct 2020
rooms: 3
size: 818 sq ft
sale price: £110,000
sale date: 16 Aug 2019

Data Sources

The property at Apartment 1, Rialto Melbourne Street, Newcastle Upon Tyne, Tyne And Wear, NE1 2JR appears once in the Land Registry records, with the transaction recorded on 23 Dec 2005. It also has two Energy Performance Certificates (EPC) entries, the earliest dating back to 6 Nov 2024. We use this data, to estimate the property's characteristics and current market value.

This website uses public sector information from:

These datasets are licensed under the Open Government Licence v3.0.
This website is not affiliated with or endorsed by HM Land Registry or DLUHC.


Disclaimer: StreetScan.co.uk makes all reasonable efforts to ensure the information provided on this website is current and accurate; however, no warranties or representations are made as to its completeness or accuracy. StreetScan.co.uk expressly disclaims any and all liability for any loss, damage, or expense arising directly or indirectly from the use of, or reliance upon, such information.