Apartment 31, Rialto Melbourne Street, Newcastle Upon Tyne, NE1 2JR is a leasehold flat built between 2003-2006. The property offers approximately 1,023 square feet of living space and is situated on the 6th floor. In this location, apartments of similar size usually have three bedrooms.

The estimated current market value of the property is £202,762 , which equates to approximately £198 per square foot. It was last sold on 6 Jul 2016 for £169,000. Since then, the value has increased by £33,762, representing a 20.0% increase, or approximately 2.1% per year.

The current estimated value of £202,762 is:

  • 0.6% higher than the average property price on Melbourne Street
  • 4.9% lower than the average in the NE1 2JR postcode area
  • and 23.5% lower than the average price for Newcastle Upon Tyne as a whole

At the most recent EPC inspection on 17 June 2009, the property was recorded as owner-occupied.

View sold house prices in NE1 2JR

Building approximate location

About Property

Type
Terraced Maisonette
Built
2003-2006
Interior Size
1023 sq ft
Tenure
Leasehold
Floor level
6th floor
Price (estimate)
£202,762
Price Per sq ft (estimate)
£198
Bedroom Count (estimate)
3 bedrooms

EPC Summary

Apartment 31, Rialto Melbourne Street, Newcastle Upon Tyne, Tyne And Wear, NE1 2JR has an Energy Performance Certificate (EPC) rating of D, based on the latest assessment carried out on 14 Aug 2019.

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 17 Jun 2009, when the property was rated C. The current rating of D reflects a decline in energy efficiency of 19.2%.

Since the previous assessment, several changes were observed:

  • The heating system was upgraded from electric storage heaters to room heaters, electric, changing energy efficiency from poor to very poor.
  • The hot water system was changed from electric immersion, dual tariff to electric immersion, standard tariff, with its energy efficiency changing from poor to very poor.
  • The wall construction or insulation changed from system built, as built, insulated (assumed) to cavity wall, as built, insulated (assumed), with no change in energy efficiency (good).
  • The lighting was changed from low energy lighting in 70% of fixed outlets to low energy lighting in 85% of fixed outlets, with no change in efficiency (very good).
Heating Type
Room heaters, electric
Very Poor
Hot Water
Electric immersion, standard tariff
Very Poor
Roof
Flat, insulated (assumed)
Good
Walls
Cavity wall, as built, insulated (assumed)
Good
Windows
Fully double glazed
Good
Lighting
Low energy lighting in 85% of fixed outlets
Very Good

Compared to NE1 2JR

17 th / 64
Price Rank
5% lower than average
9 th / 64
Size Rank
37% bigger than average
51 st / 64
Price Per Sq FT Rank
30% lower than average

Compared to other properties in NE1 2JR , this maisonette's estimated value ranks 17th out of 64. Based on price per square foot, it ranks 51th 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 9th out of 64 properties in its postcode area.

Sale History

Today
£202,762
streetscan.co.uk estimate
+20 %
6 Jul 2016
£169,000
Leasehold
-36.2 %
11 Jun 2007
£265,000
Leasehold

Area Insights

Similar Properties Sold Nearby

rooms: 4
size: 872 sq ft
sale price: £148,000
sale date: 27 May 2022
rooms: 3
size: 915 sq ft
sale price: £125,000
sale date: 27 Sep 2013
rooms: 3
size: 968 sq ft
sale price: £135,000
sale date: 13 Sep 2013
rooms: 3
size: 1033 sq ft
sale price: £154,000
sale date: 31 Mar 2010
rooms: 4
size: 1076 sq ft
sale price: £236,000
sale date: 23 May 2008

Data Sources

The property at Apartment 31, Rialto Melbourne Street, Newcastle Upon Tyne, NE1 2JR appears two times in the Land Registry records, with the latest transaction recorded on 6 Jul 2016. It also has two Energy Performance Certificates (EPC) entries, the earliest dating back to 14 Aug 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.