Apartment 53, Rialto Melbourne Street, Newcastle Upon Tyne, NE1 2JR is a leasehold flat built between 2003-2006. The property offers approximately 700 square feet of living space and is situated on the 3rd floor. In this location, apartments of similar size usually have two bedrooms.

The estimated current market value of the property is £229,775 , which equates to approximately £328 per square foot. It was last sold on 12 Jun 2006 for £198,000. Since then, the value has increased by £31,775, representing a 16.0% increase, or approximately 0.8% per year.

The current estimated value of £229,775 is:

  • 14.0% higher than the average property price on Melbourne Street
  • 7.8% higher than the average in the NE1 2JR postcode area
  • and 13.3% lower than the average price for Newcastle Upon Tyne as a whole

View sold house prices in NE1 2JR

Building approximate location

About Property

Type
Flat
Built
2003-2006
Interior Size
700 sq ft
Tenure
Leasehold
Floor level
3rd floor
Price (estimate)
£229,775
Price Per sq ft (estimate)
£328
Bedroom Count (estimate)
2 bedrooms

EPC Summary

Apartment 53, 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 13 Jan 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 9 Dec 2008, when the property was rated E. Since then, the rating has improved to C, with the energy efficiency score increasing by 32.7%.

Since the previous assessment, several changes were observed:

  • The roof construction or insulation changed from pitched, insulated (assumed) to (another dwelling above), changing energy efficiency from good to n/a.
  • 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 updated from low energy lighting in 60% of fixed outlets to no low energy lighting, with efficiency changing from good to very poor.
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
Average
Lighting
No low energy lighting
Very Poor

Compared to NE1 2JR

40 th / 64
Price Rank
8% higher than average
50 th / 64
Size Rank
7% smaller than average
24 th / 64
Price Per Sq FT Rank
15% higher than average

Compared to other properties in NE1 2JR , this flat's estimated value ranks 40th out of 64. Based on price per square foot, it ranks 24th out of 64 properties. In terms of size, this home ranks 50th out of 64 properties in its postcode area.

Sale History

Today
£229,775
streetscan.co.uk estimate
+16 %
12 Jun 2006
£198,000
Leasehold

Area Insights

Similar Properties Sold Nearby

rooms: 4
size: 786 sq ft
sale price: £170,000
sale date: 6 Mar 2024
rooms: 2
size: 786 sq ft
sale price: £90,000
sale date: 4 Nov 2020
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

Data Sources

The property at Apartment 53, Rialto Melbourne Street, Newcastle Upon Tyne, Tyne And Wear, NE1 2JR appears once in the Land Registry records, with the transaction recorded on 12 Jun 2006. It also has three Energy Performance Certificates (EPC) entries, the earliest dating back to 13 Jan 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.