Apartment 43, Rialto Melbourne Street, Newcastle Upon Tyne, NE1 2JR is a leasehold flat built between 2003-2006. The property offers approximately 1,098 square feet of living space and is situated on the 2nd floor. In this location, apartments of similar size usually have four bedrooms.

The estimated current market value of the property is £242,564 , which equates to approximately £221 per square foot. It was last sold on 26 Jun 2017 for £204,000. Since then, the value has increased by £38,564, representing a 18.9% increase, or approximately 2.2% per year.

The current estimated value of £242,564 is:

  • 20.3% higher than the average property price on Melbourne Street
  • 13.8% higher than the average in the NE1 2JR postcode area
  • and 8.5% lower than the average price for Newcastle Upon Tyne as a whole

At the most recent EPC inspection on 20 March 2019, the property was recorded as owner-occupied.

View sold house prices in NE1 2JR

Building approximate location

About Property

Type
Flat
Built
2003-2006
Interior Size
1098 sq ft
Tenure
Leasehold
Floor level
2nd floor
Price (estimate)
£242,564
Price Per sq ft (estimate)
£221
Bedroom Count (estimate)
4 bedrooms

EPC Summary

Apartment 43, 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 20 Mar 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 23 Feb 2009. The rating of C remains the same, but the energy efficiency score improved by 5.3%.

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 wall construction or insulation changed from cavity wall, as built, insulated (assumed) to system built, as built, insulated (assumed), with no change in energy efficiency (good).
  • The lighting was updated from low energy lighting in 50% of fixed outlets to low energy lighting in all 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 all fixed outlets
Very Good

Compared to NE1 2JR

2 nd / 64
Price Rank
14% higher than average
5 th / 64
Size Rank
47% bigger than average
27 th / 64
Price Per Sq FT Rank
22% lower than average

Compared to other properties in NE1 2JR , this flat's estimated value ranks 2nd out of 64. Based on price per square foot, it ranks 27th out of 64 properties. In terms of size, this home ranks 5th out of 64 properties in its postcode area.

Sale History

Today
£242,564
streetscan.co.uk estimate
+19 %
26 Jun 2017
£204,000
Leasehold
-37.2 %
21 Sep 2007
£325,000
Leasehold
+47.7 %
16 Jun 2006
£220,000
Leasehold

Area Insights

Similar Properties Sold Nearby

rooms: 6
size: 1238 sq ft
sale price: £260,000
sale date: 31 Jan 2018
rooms: 6
size: 1109 sq ft
sale price: £193,000
sale date: 2 Feb 2015
rooms: 4
size: 1076 sq ft
sale price: £236,000
sale date: 23 May 2008
rooms: 5
size: 1098 sq ft
sale price: £325,000
sale date: 21 Sep 2007
rooms: 6
size: 1259 sq ft
sale price: £303,000
sale date: 16 Jun 2006

Data Sources

The property at Apartment 43, Rialto Melbourne Street, Newcastle Upon Tyne, NE1 2JR appears three times in the Land Registry records, with the latest transaction recorded on 26 Jun 2017. It also has four Energy Performance Certificates (EPC) entries, the earliest dating back to 20 Mar 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.