Apartment 12, Rialto Melbourne Street, Newcastle Upon Tyne, NE1 2JR is a leasehold flat built between 2003-2006. The property offers approximately 721 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 £209,691 , which equates to approximately £291 per square foot. It was last sold on 23 Dec 2005 for £173,000. Since then, the value has increased by £36,691, representing a 21.2% increase, or approximately 1.1% per year.

The current estimated value of £209,691 is:

  • 4.0% higher than the average property price on Melbourne Street
  • 1.7% lower than the average in the NE1 2JR postcode area
  • and 20.9% 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 12 August 2021, 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
721 sq ft
Tenure
Leasehold
Floor level
3rd floor
Price (estimate)
£209,691
Price Per sq ft (estimate)
£291
Bedroom Count (estimate)
2 bedrooms

EPC Summary

Apartment 12, 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 12 Aug 2021.

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 9 Feb 2010. The rating of C remains the same, but the energy efficiency score improved by 8.5%.

Since the previous assessment, several changes were observed:

  • The lighting was updated from low energy lighting in 56% of fixed outlets to low energy lighting in all fixed outlets, with efficiency improving from good 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
Average
Lighting
Low energy lighting in all fixed outlets
Very Good

Compared to NE1 2JR

54 th / 64
Price Rank
2% lower than average
43 rd / 64
Size Rank
4% smaller than average
45 th / 64
Price Per Sq FT Rank
2% higher than average

Compared to other properties in NE1 2JR , this flat's estimated value ranks 54th out of 64. Based on price per square foot, it ranks 45th 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 43th out of 64 properties in its postcode area.

Sale History

Today
£209,691
streetscan.co.uk estimate
+21 %
23 Dec 2005
£173,000
Leasehold

Area Insights

Similar Properties Sold Nearby

rooms: 4
size: 786 sq ft
sale price: £170,000
sale date: 6 Mar 2024
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
rooms: 3
size: 818 sq ft
sale price: £144,200
sale date: 15 Nov 2017

Data Sources

The property at Apartment 12, 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 12 Aug 2021. 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.