Apartment 18, Rialto Melbourne Street, Newcastle Upon Tyne, NE1 2JR is a leasehold flat built between 1996-2002. The property offers approximately 840 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 £165,539 , which equates to approximately £197 per square foot. It was last sold on 12 Sep 2017 for £140,000. Since then, the value has increased by £25,539, representing a 18.2% increase, or approximately 2.2% per year.

The current estimated value of £165,539 is:

  • 17.9% lower than the average property price on Melbourne Street
  • 22.4% lower than the average in the NE1 2JR postcode area
  • and 37.6% 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 once as rented and once as owner-occupied, indicating a change in how it was used over time.

At the most recent EPC inspection on 8 July 2021, the property was recorded as rented.

View sold house prices in NE1 2JR

Building approximate location

About Property

Type
Flat
Built
1996-2002
Interior Size
840 sq ft
Tenure
Leasehold
Floor level
3rd floor
Price (estimate)
£165,539
Price Per sq ft (estimate)
£197
Bedroom Count (estimate)
2 bedrooms

EPC Summary

Apartment 18, 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 8 Jul 2021.

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 24 Mar 2010. The rating of C remains the same, but the energy efficiency score improved by 1.3%.

Since the previous assessment, several changes were observed:

  • The hot water energy efficiency changing from average to poor, while the system remained as electric immersion, off-peak.
  • The lighting was updated from low energy lighting in 40% 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, off-peak
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

10 th / 64
Price Rank
22% lower than average
19 th / 64
Size Rank
12% bigger than average
15 th / 64
Price Per Sq FT Rank
31% lower than average

Compared to other properties in NE1 2JR , this flat's estimated value ranks 10th out of 64. Based on price per square foot, it ranks 15th out of 64 properties. This suggests a relatively high price per square foot, which may reflect quality, location, or recent upgrades. In terms of size, this home ranks 19th out of 64 properties in its postcode area.

Sale History

Today
£165,539
streetscan.co.uk estimate
+18 %
12 Sep 2017
£140,000
Leasehold
+8.1 %
14 Sep 2012
£129,500
Leasehold
-56.1 %
28 Feb 2008
£295,000
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 18, Rialto Melbourne Street, Newcastle Upon Tyne, NE1 2JR appears three times in the Land Registry records, with the latest transaction recorded on 12 Sep 2017. It also has two Energy Performance Certificates (EPC) entries, the earliest dating back to 8 Jul 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.