Apartment 2, Forth Banks Tower Forth Banks, Newcastle Upon Tyne, NE1 3PN is a leasehold flat built between 1967-1975. The property offers approximately 883 square feet of living space and is situated on the 2nd floor. In this location, apartments of similar size usually have three bedrooms.

The estimated current market value of the property is £122,207 , which equates to approximately £138 per square foot. It was last sold on 23 May 2019 for £96,800. Since then, the value has increased by £25,407, representing a 26.2% increase, or approximately 4.0% per year.

The current estimated value of £122,207 is:

  • 63.4% lower than the average property price on Forth Banks
  • 39.0% lower than the average in the NE1 3PN postcode area
  • and 53.9% lower than the average price for Newcastle Upon Tyne as a whole

View sold house prices in NE1 3PN

Building approximate location

About Property

Type
Flat
Built
1967-1975
Interior Size
883 sq ft
Tenure
Leasehold
Floor level
2nd floor
Price (estimate)
£122,207
Price Per sq ft (estimate)
£138
Bedroom Count (estimate)
3 bedrooms

EPC Summary

Apartment 2, Forth Banks Tower Forth Banks, Newcastle Upon Tyne, Tyne And Wear, NE1 3PN has an Energy Performance Certificate (EPC) rating of C, based on the latest assessment carried out on 13 Oct 2018.

This property uses electric storage 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 6 Nov 2008. The rating of C remains the same, but the energy efficiency score improved by 1.4%.

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 wall construction or insulation changed from system built, as built, insulated (assumed) to system built, as built, no insulation (assumed), changing energy efficiency from good to very poor.
  • The windows were upgraded from fully triple glazed to fully double glazed.
  • The lighting was changed from low energy lighting in 90% 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, no insulation (assumed)
Very Poor
Windows
Fully double glazed
Average
Lighting
Low energy lighting in all fixed outlets
Very Good

Compared to NE1 3PN

24 th / 37
Price Rank
39% lower than average
12 th / 36
Size Rank
13% bigger than average
33 rd / 36
Price Per Sq FT Rank
46% lower than average

Compared to other properties in NE1 3PN , this flat's estimated value ranks 24th out of 37. Based on price per square foot, it ranks 33th 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 12th out of 36 properties in its postcode area.

Sale History

Today
£122,207
streetscan.co.uk estimate
+26 %
23 May 2019
£96,800
Leasehold
-54.6 %
7 Jul 2008
£213,000
Leasehold

Area Insights

Similar Properties Sold Nearby

rooms: 3
size: 797 sq ft
sale price: £125,000
sale date: 5 Jul 2019
rooms: 3
size: 883 sq ft
sale price: £135,000
sale date: 4 Apr 2019
rooms: 3
size: 972 sq ft
sale price: £167,000
sale date: 11 Sep 2018
rooms: 3
size: 990 sq ft
sale price: £190,000
sale date: 17 Feb 2017
rooms: 3
size: 936 sq ft
sale price: £175,000
sale date: 6 Jul 2012

Data Sources

The property at Apartment 2, Forth Banks Tower Forth Banks, Newcastle Upon Tyne, NE1 3PN appears two times in the Land Registry records, with the latest transaction recorded on 23 May 2019. It also has two Energy Performance Certificates (EPC) entries, the earliest dating back to 13 Oct 2018. 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.