Apartment 8, Forth Banks Tower Forth Banks, Newcastle Upon Tyne, NE1 3PN is a leasehold flat built between 2003-2006. The property offers approximately 581 square feet of living space and is situated on the 3rd floor. In this location, apartments of similar size usually have one bedroom.

The estimated current market value of the property is £132,713 , which equates to approximately £228 per square foot. It was last sold on 12 Feb 2015 for £102,500. Since then, the value has increased by £30,213, representing a 29.5% increase, or approximately 2.7% per year.

The current estimated value of £132,713 is:

  • 60.3% lower than the average property price on Forth Banks
  • 33.8% lower than the average in the NE1 3PN postcode area
  • and 49.9% lower than the average price for Newcastle Upon Tyne as a whole

At the most recent EPC inspection on 29 October 2014, the property was recorded as owner-occupied.

View sold house prices in NE1 3PN

Building approximate location

About Property

Type
Flat
Built
2003-2006
Interior Size
581 sq ft
Tenure
Leasehold
Floor level
3rd floor
Price (estimate)
£132,713
Price Per sq ft (estimate)
£228
Bedroom Count (estimate)
1 bedroom

EPC Summary

Apartment 8, Forth Banks Tower Forth Banks, Newcastle Upon Tyne, Tyne And Wear, NE1 3PN has an Energy Performance Certificate (EPC) rating of B, based on the latest assessment carried out on 29 Oct 2014.

This property uses electric storage heaters as its main heating source. Hot water is provided from off-peak electric immersion heater. The windows are fully secondary glazing.

The previous EPC assessment was conducted on 19 Aug 2010, when the property was rated C. Since then, the rating has improved to B, with the energy efficiency score increasing by 15.1%.

Since the previous assessment, several changes were observed:

  • The heating system was upgraded from room heaters, electric to electric storage heaters, improving energy efficiency from very poor to average.
  • The hot water energy efficiency improving from very poor to average, while the system remained as electric immersion, off-peak.
  • The windows were upgraded from fully double glazed to fully secondary glazing.
  • The lighting was updated from low energy lighting in all fixed outlets to no low energy lighting, with efficiency changing from very good to very poor.
Heating Type
Electric storage heaters
Average
Hot Water
Electric immersion, off-peak
Average
Walls
System built, as built, insulated (assumed)
Good
Windows
Fully secondary glazing
Good
Lighting
No low energy lighting
Very Poor

Compared to NE1 3PN

37 th / 37
Price Rank
34% lower than average
31 st / 36
Size Rank
25% smaller than average
34 th / 36
Price Per Sq FT Rank
11% lower than average

Compared to other properties in NE1 3PN , this flat's estimated value ranks 37th out of 37. Based on price per square foot, it ranks 34th out of 36 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 31th out of 36 properties in its postcode area.

Sale History

Today
£132,713
streetscan.co.uk estimate
+29 %
12 Feb 2015
£102,500
Leasehold
-23.8 %
20 May 2008
£134,435
Leasehold

Area Insights

Similar Properties Sold Nearby

rooms: 3
size: 527 sq ft
sale price: £125,000
sale date: 17 Jul 2019
rooms: 3
size: 635 sq ft
sale price: £142,000
sale date: 20 Jan 2017
rooms: 2
size: 624 sq ft
sale price: £108,000
sale date: 27 Aug 2015
rooms: 3
size: 646 sq ft
sale price: £105,000
sale date: 20 May 2015
rooms: 2
size: 551 sq ft
sale price: £112,500
sale date: 10 Aug 2011

Data Sources

The property at Apartment 8, Forth Banks Tower Forth Banks, Newcastle Upon Tyne, NE1 3PN appears two times in the Land Registry records, with the latest transaction recorded on 12 Feb 2015. It also has two Energy Performance Certificates (EPC) entries, the earliest dating back to 29 Oct 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.