According to the public record, 1 Cromwell Cottages, Melksham is a modern freehold house and with 742 ft2 of internal area and sits on a 87.6 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
The Street, Broughton Gifford, Melksham, SN12 is located within the SN12 postal district.
1 Cromwell Cottages, Melksham has a single entry in the Land Registry database from August 2022 and 2 entries in the EPC database, most recently in September 2021.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 1 Cromwell Cottages Melksham as £274,597 and the rental value as £1,092 per month giving an expected gross yield of 4.8%.
Over the last 12 months the sale value of 1 Cromwell Cottages Melksham has increased by £6,405 (2.3%) and its rental value has increased by £60 per month (5.5%).
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 1 Cromwell Cottages, Melksham is in very good condition we estimate a sale value of £288,327 and rental value of £1,147 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £255,375 and a rental value of £1,016 per month.
If you were able to purchase this property for the estimated value of £274,597, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,350 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 data from HM Land Registry, 1 Cromwell Cottages, Melksham sits on a plot of 88m2.
We have plot size data on 5 out of 5 other houses in the postcode and 1 Cromwell Cottages, Melksham sits on the 3rd largest plot.
According to HM Land Registry, 1 Cromwell Cottages, Melksham was last sold on 17 Aug 2022 for £295,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Aug 2022, the market for similar properties has dropped 2.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 1 Cromwell Cottages, Melksham within a radius of 127m over the last 2 years.
The most recent example is 41, Newleaze Park, Melksham, SN12 8PL, a Freehold house which sold for £285,000 in Sep 2022.
Read more about house prices in SN12.
The Street, Broughton Gifford, Melksham, SN12 has a total of 100 addresses. According to our analysis of all the public data, 1 Cromwell Cottages, Melksham is the 88th largest and the 85th most expensive property on the street.
When compared to the postcode district it is £37k less expensive than the average property in SN12.
1 Cromwell Cottages, Melksham has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 16 Sep 2021.
The property is not connected to mains gas and has fully double glazed windows. It is heated using electric storage heaters.
The closest station to 1 Cromwell Cottages, Melksham is Melksham station which is 2.3 km away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around 1 Cromwell Cottages, Melksham, 41.0% of property is privately owned with a mortgage and 36.8% is privately owned outright.
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 1 Cromwell Cottages, Melksham, 18.1% of residents are recorded as possessing school level qualifications and 31.9% 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 1 Cromwell Cottages, Melksham, the average age was 42.4 and the most common age was 52.
The graph below shows how this compares to South West 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 1 Cromwell Cottages, Melksham, 0.6% of property was a second home.
Comparison figures for South West 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 1 Cromwell Cottages, Melksham, there are an average of 1.7 cars per household.
See below for how this compares to South West and the rest of England & Wales.