Apartment 23, Rialto Melbourne Street, Newcastle Upon Tyne, NE1 2JR is a leasehold flat built in 2007 onwards. The property offers approximately 872 square feet of living space and is situated on the 4th floor. In this location, apartments of similar size usually have three bedrooms.

The estimated current market value of the property is £159,558 , which equates to approximately £183 per square foot. It was last sold on 27 May 2022 for £148,000. Since then, the value has increased by £11,558, representing a 7.8% increase, or approximately 2.2% per year.

The current estimated value of £159,558 is:

  • 20.9% lower than the average property price on Melbourne Street
  • 25.2% lower than the average in the NE1 2JR postcode area
  • and 39.8% lower than the average price for Newcastle Upon Tyne as a whole

At the most recent EPC inspection on 19 June 2019, the property was recorded as owner-occupied.

View sold house prices in NE1 2JR

Building approximate location

About Property

Type
Flat
Built
2007 onwards
Interior Size
872 sq ft
Tenure
Leasehold
Floor level
4th floor
Price (estimate)
£159,558
Price Per sq ft (estimate)
£183
Bedroom Count (estimate)
3 bedrooms

EPC Summary

Apartment 23, 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 19 Jun 2019.

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 9 Dec 2008, when the property was rated D. Since then, the rating has improved to C, with the energy efficiency score increasing by 20%.

Since the previous assessment, several changes were observed:

  • 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 poor.
  • The lighting was updated from low energy lighting in 50% of fixed outlets to low energy lighting in 80% of fixed outlets, with efficiency improving from good to 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
Good
Lighting
Low energy lighting in 80% of fixed outlets
Very Good

Compared to NE1 2JR

28 th / 64
Price Rank
25% lower than average
18 th / 64
Size Rank
16% bigger than average
35 th / 64
Price Per Sq FT Rank
36% lower than average

Compared to other properties in NE1 2JR , this flat's estimated value ranks 28th out of 64. Based on price per square foot, it ranks 35th out of 64 properties. In terms of size, this home ranks 18th out of 64 properties in its postcode area.

Sale History

Today
£159,558
streetscan.co.uk estimate
+8 %
27 May 2022
£148,000
Leasehold
-35.5 %
9 Jun 2006
£229,500
Leasehold

Area Insights

Similar Properties Sold Nearby

rooms: 4
size: 786 sq ft
sale price: £170,000
sale date: 6 Mar 2024
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
rooms: 3
size: 840 sq ft
sale price: £140,000
sale date: 12 Sep 2017

Data Sources

The property at Apartment 23, Rialto Melbourne Street, Newcastle Upon Tyne, NE1 2JR appears two times in the Land Registry records, with the latest transaction recorded on 27 May 2022. It also has three Energy Performance Certificates (EPC) entries, the earliest dating back to 19 Jun 2019. 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.