Apartment 10, Rialto Melbourne Street, Newcastle Upon Tyne, NE1 2JR is a leasehold flat built between 2003-2006. The property offers approximately 764 square feet of living space and is situated on the 3rd floor. In this location, apartments of similar size usually have two bedrooms.

The estimated current market value of the property is £177,346 , which equates to approximately £232 per square foot. It was last sold on 18 Jun 2007 for £165,000. Since then, the value has increased by £12,346, representing a 7.5% increase, or approximately 0.4% per year.

The current estimated value of £177,346 is:

  • 12.0% lower than the average property price on Melbourne Street
  • 16.8% lower than the average in the NE1 2JR postcode area
  • and 33.1% lower than the average price for Newcastle Upon Tyne as a whole

This property has had 2 EPC inspections with recorded tenure information. It was recorded as owner-occupied both times. This suggests the property has typically been lived in by its owners, which often reflects longer-term residency and more consistent maintenance.

At the most recent EPC inspection on 9 March 2022, 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
764 sq ft
Tenure
Leasehold
Floor level
3rd floor
Price (estimate)
£177,346
Price Per sq ft (estimate)
£232
Bedroom Count (estimate)
2 bedrooms

EPC Summary

Apartment 10, 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 9 Mar 2022.

This property uses electric room heaters as its main heating source. Hot water is provided from off-peak electric immersion heater. The windows are fully double glazed.

The previous EPC assessment was conducted on 18 Jun 2009, when the property was rated B. The current rating of C reflects a decline in energy efficiency of 4.9%.

Since the previous assessment, several changes were observed:

  • The heating system was upgraded from electric storage heaters to room heaters, electric, changing energy efficiency from poor to very poor.
  • The hot water system changed from electric immersion, dual tariff to electric immersion, off-peak, with no change in energy efficiency (poor).
  • The lighting was changed from low energy lighting in 75% of fixed outlets to low energy lighting in all fixed outlets, with no change in efficiency (very good).
Heating Type
Room heaters, electric
Very Poor
Hot Water
Electric immersion, off-peak
Poor
Walls
System built, as built, insulated (assumed)
Good
Windows
Fully double glazed
Average
Lighting
Low energy lighting in all fixed outlets
Very Good

Compared to NE1 2JR

58 th / 64
Price Rank
17% lower than average
31 st / 64
Size Rank
2% bigger than average
62 nd / 64
Price Per Sq FT Rank
19% lower than average

Compared to other properties in NE1 2JR , this flat's estimated value ranks 58th out of 64. Based on price per square foot, it ranks 62th 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 31th out of 64 properties in its postcode area.

Sale History

Today
£177,346
streetscan.co.uk estimate
+7 %
18 Jun 2007
£165,000
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 10, Rialto Melbourne Street, Newcastle Upon Tyne, Tyne And Wear, NE1 2JR appears once in the Land Registry records, with the transaction recorded on 18 Jun 2007. It also has two Energy Performance Certificates (EPC) entries, the earliest dating back to 9 Mar 2022. 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.