Apartment 15, Forth Banks Tower Forth Banks, Newcastle Upon Tyne, NE1 3PN is a leasehold flat built between 2003-2006. The property offers approximately 667 square feet of living space and is situated on the 5th floor. In this location, apartments of similar size usually have two bedrooms.

The estimated current market value of the property is £227,908 , which equates to approximately £342 per square foot. It was last sold on 24 Jun 2008 for £200,250. Since then, the value has increased by £27,658, representing a 13.8% increase, or approximately 0.8% per year.

The current estimated value of £227,908 is:

  • 31.8% lower than the average property price on Forth Banks
  • 13.7% higher than the average in the NE1 3PN postcode area
  • and 14.0% lower than the average price for Newcastle Upon Tyne as a whole

At the most recent EPC inspection on 26 January 2022, the property was recorded as owner-occupied.

View sold house prices in NE1 3PN

Building approximate location

About Property

Type
Flat
Built
2003-2006
Interior Size
667 sq ft
Tenure
Leasehold
Floor level
5th floor
Price (estimate)
£227,908
Price Per sq ft (estimate)
£342
Bedroom Count (estimate)
2 bedrooms

EPC Summary

Apartment 15, Forth Banks Tower Forth Banks, Newcastle Upon Tyne, Tyne And Wear, NE1 3PN has an Energy Performance Certificate (EPC) rating of B, based on the latest assessment carried out on 26 Jan 2022.

This property uses electric storage heaters as its main heating source. Hot water is provided from off-peak electric immersion heater. The windows have full secondary glazing.

The previous EPC assessment was conducted on 26 Aug 2011, when the property was rated C. Since then, the rating has improved to B, with the energy efficiency score increasing by 16.7%.

Since the previous assessment, several changes were observed:

  • The heating system was upgraded from room heaters, electric to electric storage heaters, improving energy efficiency from very poor to average.
  • The hot water system was changed from electric immersion, standard tariff to electric immersion, off-peak, with its energy efficiency improving from very poor to average.
  • The windows were upgraded from fully double glazed to full secondary glazing.
  • The lighting was changed from low energy lighting in 83% of fixed outlets to low energy lighting in all fixed outlets, with no change in efficiency (very good).
Heating Type
Electric storage heaters
Average
Hot Water
Electric immersion, off-peak
Average
Walls
System built, as built, insulated (assumed)
Good
Windows
Full secondary glazing
Good
Lighting
Low energy lighting in all fixed outlets
Very Good

Compared to NE1 3PN

26 th / 37
Price Rank
14% higher than average
23 rd / 36
Size Rank
14% smaller than average
27 th / 36
Price Per Sq FT Rank
33% higher than average

Compared to other properties in NE1 3PN , this flat's estimated value ranks 26th out of 37. Based on price per square foot, it ranks 27th out of 36 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 23th out of 36 properties in its postcode area.

Sale History

Today
£227,908
streetscan.co.uk estimate
+14 %
24 Jun 2008
£200,250
Leasehold

Area Insights

Similar Properties Sold Nearby

rooms: 3
size: 743 sq ft
sale price: £150,000
sale date: 14 Jun 2021
rooms: 3
size: 721 sq ft
sale price: £125,000
sale date: 25 Sep 2020
rooms: 3
size: 729 sq ft
sale price: £125,000
sale date: 18 Oct 2018
rooms: 3
size: 635 sq ft
sale price: £142,000
sale date: 20 Jan 2017
rooms: 2
size: 624 sq ft
sale price: £108,000
sale date: 27 Aug 2015

Data Sources

The property at Apartment 15, Forth Banks Tower Forth Banks, Newcastle Upon Tyne, Tyne And Wear, NE1 3PN appears once in the Land Registry records, with the transaction recorded on 24 Jun 2008. It also has three Energy Performance Certificates (EPC) entries, the earliest dating back to 26 Jan 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.