Apartment 6, Rialto Melbourne Street, Newcastle Upon Tyne, NE1 2JR is a leasehold flat built between 1996-2002. The property offers approximately 818 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 £129,778 , which equates to approximately £159 per square foot. It was last sold on 16 Aug 2019 for £110,000. Since then, the value has increased by £19,778, representing a 18.0% increase, or approximately 2.8% per year.

The current estimated value of £129,778 is:

  • 35.6% lower than the average property price on Melbourne Street
  • 39.1% lower than the average in the NE1 2JR postcode area
  • and 51.0% 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
1996-2002
Interior Size
818 sq ft
Tenure
Leasehold
Floor level
1st floor
Price (estimate)
£129,778
Price Per sq ft (estimate)
£159
Bedroom Count (estimate)
2 bedrooms

EPC Summary

Apartment 6, 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 2014.

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.

Heating Type
Room heaters, electric
Poor
Hot Water
Electric immersion, off-peak
Poor
Walls
System built, as built, insulated (assumed)
Good
Windows
Fully double glazed
Average
Lighting
Low energy lighting in 73% of fixed outlets
Very Good

Compared to NE1 2JR

38 th / 64
Price Rank
39% lower than average
23 rd / 64
Size Rank
9% bigger than average
47 th / 64
Price Per Sq FT Rank
44% lower than average

Compared to other properties in NE1 2JR , this flat's estimated value ranks 38th out of 64. Based on price per square foot, it ranks 47th 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 23th out of 64 properties in its postcode area.

Sale History

Today
£129,778
streetscan.co.uk estimate
+18 %
16 Aug 2019
£110,000
Leasehold
-42.4 %
23 Dec 2005
£191,000
Leasehold

Area Insights

Similar Properties Sold Nearby

rooms: 4
size: 786 sq ft
sale price: £170,000
sale date: 6 Mar 2024
rooms: 4
size: 872 sq ft
sale price: £148,000
sale date: 27 May 2022
rooms: 2
size: 786 sq ft
sale price: £90,000
sale date: 4 Nov 2020
rooms: 3
size: 829 sq ft
sale price: £109,000
sale date: 2 Oct 2020
rooms: 3
size: 818 sq ft
sale price: £144,200
sale date: 15 Nov 2017

Data Sources

The property at Apartment 6, Rialto Melbourne Street, Newcastle Upon Tyne, NE1 2JR appears two times in the Land Registry records, with the latest transaction recorded on 16 Aug 2019. It also has a single Energy Performance Certificate (EPC) from 20 Mar 2014. 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.