Flat 3, 1
Flat 3, 1
Description & Estimates
Flat 3, 1, Meldon Terrace, Newcastle Upon Tyne is recorded publicly as a modern leasehold apartment across 355 ft2 of internal area.
Locally, apartments of this size normally have 1 bedroom.
Our estimate of the sale value of Flat 3, 1, Meldon Terrace, Newcastle Upon Tyne is £103,257 and its rental estimate is £784 per month, given the available information and assuming reasonable condition.
1, Meldon Terrace is a residential building on Meldon Terrace, Newcastle Upon Tyne, NE6 and falls within the NE6 postal district and the borough of Newcastle upon Tyne.
Our Data Sources
Flat 3, 1, Meldon Terrace, Newcastle Upon Tyne has a single entry in the Land Registry from January 2016 and a single entry in the EPC database dated May 2015.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 5 out of 5 and is considered of high accuracy.
Price Range & Condition
The condition of a property plays an important role in determining its value, with the degree of impact varying by property type, size and location.
For Flat 3, 1, Meldon Terrace, Newcastle Upon Tyne, we estimate a market value of £108,419 and a rental value of £824 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £96,029 and £730 per month respectively.
Recent Market Change
Over the last year, Flat 3, 1, Meldon Terrace, Newcastle Upon Tyne has seen its estimated sale value fall by £428 (0.4%) and its estimated rental value move up by £19 per month (2.5%). This results in an estimated gross rental yield of 9.1%.
Energy Efficiency
Flat 3, 1, Meldon Terrace, Newcastle Upon Tyne has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 28 May 2015.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
Sold Prices
The most recent sale of Flat 3, 1, Meldon Terrace, Newcastle Upon Tyne completed on 15th January 2016 at £85,000 and was recorded by HM Land Registry as a leasehold flat.
Since 1995 this is the property's only sale.
Values of comparable properties have dropped by 22.1% over the period since January 2016.
- Sold Jan 2016£85,000
Properties Sold Nearby
Over the past 2 years 3 properties have sold within 420 metres of Flat 3, 1, Meldon Terrace, Newcastle Upon Tyne, per the Land Registry and our network of Estate Agents.
The latest, on the 26th August 2016, was 9, Meldon Terrace, Newcastle Upon Tyne, NE6 5XP, a freehold house which sold for £205,000.
Read more about house prices in NE6.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Of the 129 addresses on Meldon Terrace, Newcastle Upon Tyne, NE6, Flat 3, 1, Meldon Terrace, Newcastle Upon Tyne comes out as the 126th largest and the 126th most expensive in our analysis of the public data.
It is also £80k less expensive than the average property across the NE6 district.
More reading links
Schools Nearby
- 100mSt Teresa's Catholic Primary School, Heaton
- 200mChillingham Road Primary School
- 800mRavenswood Primary School
- 1.2kmJesmond Park Academy
- 1.5kmBenfield School
- 2.3kmWalker Riverside Academy
More reading links
Public Transport Nearby
From Flat 3, 1, Meldon Terrace, Newcastle Upon Tyne, the nearest station is Manors, 2.0 kilometres away.
- 2.0kmManors
- 3.0kmNewcastle
- 4.0kmHeworth
Available Internet Speeds
Broadband here reaches ultrafast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Ultrafast broadband is available in the area.
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
