Apartment 48, Rialto Melbourne Street, Newcastle Upon Tyne, NE1 2JR is a leasehold flat built between 2003-2006. The property offers approximately 710 square feet of living space and is situated on the 1st floor. In this location, apartments of similar size usually have two bedrooms.

The estimated current market value of the property is £217,453 , which equates to approximately £306 per square foot. It was last sold on 31 May 2006 for £185,950. Since then, the value has increased by £31,503, representing a 16.9% increase, or approximately 0.9% per year.

The current estimated value of £217,453 is:

  • 7.9% higher than the average property price on Melbourne Street
  • 2.0% higher than the average in the NE1 2JR postcode area
  • and 18.0% lower than the average price for Newcastle Upon Tyne as a whole

At the most recent EPC inspection on 27 April 2010, 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
710 sq ft
Tenure
Leasehold
Floor level
1st floor
Price (estimate)
£217,453
Price Per sq ft (estimate)
£306
Bedroom Count (estimate)
2 bedrooms

EPC Summary

Apartment 48, 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 15 May 2020.

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 27 Apr 2010. The rating of D remains the same, but the energy efficiency score improved by 5%.

Since the previous assessment, several changes were observed:

  • The hot water system changed from from main system to electric immersion, standard tariff, with no change in energy efficiency (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 78% of fixed outlets to low energy lighting in all fixed outlets, with no change in efficiency (very good).
Heating Type
Room heaters, electric
Very Poor
Hot Water
Electric immersion, standard tariff
Very Poor
Walls
Cavity wall, as built, insulated (assumed)
Good
Windows
Fully double glazed
Good
Lighting
Low energy lighting in all fixed outlets
Very Good

Compared to NE1 2JR

42 nd / 64
Price Rank
2% higher than average
45 th / 64
Size Rank
5% smaller than average
34 th / 64
Price Per Sq FT Rank
7% higher than average

Compared to other properties in NE1 2JR , this flat's estimated value ranks 42th out of 64. Based on price per square foot, it ranks 34th out of 64 properties. In terms of size, this home ranks 45th out of 64 properties in its postcode area.

Sale History

Today
£217,453
streetscan.co.uk estimate
+17 %
31 May 2006
£185,950
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: 786 sq ft
sale price: £140,000
sale date: 12 Aug 2015
rooms: 3
size: 764 sq ft
sale price: £125,000
sale date: 28 Jun 2013
rooms: 3
size: 689 sq ft
sale price: £101,000
sale date: 26 Apr 2013
rooms: 3
size: 614 sq ft
sale price: £122,000
sale date: 18 Dec 2009

Data Sources

The property at Apartment 48, Rialto Melbourne Street, Newcastle Upon Tyne, Tyne And Wear, NE1 2JR appears once in the Land Registry records, with the transaction recorded on 31 May 2006. It also has two Energy Performance Certificates (EPC) entries, the earliest dating back to 15 May 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.