According to the public record, Apartment 7, Hanover Mill, Newcastle Upon Tyne is a modern leasehold apartment with 645 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a balcony.
The apartment is in Hanover Mill, Hanover Street, Newcastle Upon Tyne, NE1.
Hanover Street, Newcastle Upon Tyne, NE1 is located in the borough of Newcastle upon Tyne within the NE1 postal district.
Apartment 7, Hanover Mill, Newcastle Upon Tyne has 2 entries in the Land Registry database, most recently in July 2019 and a single entry in the EPC database dated October 2009.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
•Public data including the Land Registry and EPC Register is processed and republished under the Government Open Data Licence.
•All values are estimates based on available data. All data and other content are provided subject to our Terms & Conditions.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for Apartment 7 Hanover Mill Newcastle Upon Tyne as £126,625 and the rental value as £952 per month giving an expected gross yield of 9%.
Over the last 12 months the sale value of Apartment 7 Hanover Mill Newcastle Upon Tyne has increased by £1,537 (1.2%) and its rental value has increased by £71 per month (7.5%).
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If Apartment 7, Hanover Mill, Newcastle Upon Tyne is in very good condition we estimate a sale value of £132,957 and rental value of £999 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £117,762 and a rental value of £885 per month.
If you were able to purchase this property for the estimated value of £126,625, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £622 per month.
This figure is only an estimate but we've partnered with Mortgage Advice Bureau who can provide a figure tailored for you! Get started using their mortgage finder below.
According to HM Land Registry, Apartment 7, Hanover Mill, Newcastle Upon Tyne was last sold on 04 Jul 2019 for £110,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Jul 2019, the market for similar properties has dropped 2.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Apartment 7, Hanover Mill, Newcastle Upon Tyne within a radius of 500 metres over the last 2 years.
The most recent example is Apartment 33, Hanover Mill, Hanover Street, Newcastle Upon Tyne, NE1 3AB, a Leasehold flat which sold for £125,500 in Aug 2023.
Read more about house prices in NE1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Hanover Street, Newcastle Upon Tyne, NE1 has a total of 146 addresses. According to our analysis of all the public data, Apartment 7, Hanover Mill, Newcastle Upon Tyne is the 69th largest and the 88th most expensive property on the street.
When compared to the postcode district it is £17k less expensive than the average property in NE1.
Apartment 7, Hanover Mill, Newcastle Upon Tyne has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 30 Oct 2009.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Room heaters, electric.
The closest station to Apartment 7, Hanover Mill, Newcastle Upon Tyne is Newcastle station which is 300 metres away.
The recent census recorded whether a resident owned or rented their home.
In the area around Apartment 7, Hanover Mill, Newcastle Upon Tyne, 78.2% of property is privately rented and 19.4% is socially rented.
The graph below shows how this compares to Greater London and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around Apartment 7, Hanover Mill, Newcastle Upon Tyne, 50.0% of residents are recorded as possessing school level qualifications and 57.4% as possessing degree level qualifications.
The graph below shows how this compares to Greater London and the rest of England & Wales
The most recent census in 2021 recorded the age of all UK residents.
In the area around Apartment 7, Hanover Mill, Newcastle Upon Tyne, the average age was 30.9 and the most common age was 22.
The graph below shows how this compares to North East and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around Apartment 7, Hanover Mill, Newcastle Upon Tyne, 0.5% of property was a second home.
Comparison figures for North East and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around Apartment 7, Hanover Mill, Newcastle Upon Tyne, there are an average of 0.1 cars per household.
See below for how this compares to North East and the rest of England & Wales.