Apartment 41, Rialto Melbourne Street, Newcastle Upon Tyne, NE1 2JR is a leasehold flat built between 2003-2006. The property offers approximately 1,033 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 £201,603 , which equates to approximately £195 per square foot. It was last sold on 31 Mar 2010 for £154,000. Since then, the value has increased by £47,603, representing a 30.9% increase, or approximately 2.0% per year.

The current estimated value of £201,603 is:

  • 0.0% higher than the average property price on Melbourne Street
  • 5.5% lower than the average in the NE1 2JR postcode area
  • and 23.9% 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 as owner-occupied both times. This suggests the property has typically been lived in by its owners, which often reflects longer-term residency and more consistent maintenance.

At the most recent EPC inspection on 8 January 2020, 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
1033 sq ft
Tenure
Leasehold
Floor level
4th floor
Price (estimate)
£201,603
Price Per sq ft (estimate)
£195
Bedroom Count (estimate)
3 bedrooms

EPC Summary

Apartment 41, 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 Jan 2020.

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 21 Jan 2010, when the property was rated D. Since then, the rating has improved to C, with the energy efficiency score increasing by 25.5%.

Since the previous assessment, several changes were observed:

  • The lighting was updated from low energy lighting in 27% of fixed outlets to low energy lighting in 63% of fixed outlets, with efficiency improving from average to good.
Heating Type
Room heaters, electric
Very Poor
Hot Water
Electric immersion, off-peak
Poor
Roof
Pitched, insulated (assumed)
Good
Walls
Cavity wall, as built, insulated (assumed)
Good
Windows
Fully double glazed
Good
Lighting
Low energy lighting in 63% of fixed outlets
Good

Compared to NE1 2JR

18 th / 64
Price Rank
5% lower than average
8 th / 64
Size Rank
38% bigger than average
53 rd / 64
Price Per Sq FT Rank
32% lower than average

Compared to other properties in NE1 2JR , this maisonette's estimated value ranks 18th out of 64. Based on price per square foot, it ranks 53th 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 8th out of 64 properties in its postcode area.

Sale History

Today
£201,603
streetscan.co.uk estimate
+31 %
31 Mar 2010
£154,000
Leasehold
-41.9 %
19 Jun 2007
£265,000
Leasehold

Area Insights

Similar Properties Sold Nearby

rooms: 3
size: 1023 sq ft
sale price: £169,000
sale date: 6 Jul 2016
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: 4
size: 1076 sq ft
sale price: £236,000
sale date: 23 May 2008
rooms: 3
size: 975 sq ft
sale price: £250,000
sale date: 21 Dec 2007

Data Sources

The property at Apartment 41, Rialto Melbourne Street, Newcastle Upon Tyne, NE1 2JR appears two times in the Land Registry records, with the latest transaction recorded on 31 Mar 2010. It also has five Energy Performance Certificates (EPC) entries, the earliest dating back to 8 Jan 2020. 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.