According to the public record, 1, Gloucester Square, Melksham is a mid-century apartment with 527 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Gloucester Square, Melksham, SN12 is located within the SN12 postal district.
1, Gloucester Square, Melksham has no records in the Land Registry database and a single entry in the EPC database dated April 2016.
We combine this information with public data 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 Gloucester Square Melksham as £90,929 and the rental value as £545 per month giving an expected gross yield of 7.2%.
Over the last 12 months the sale value of 1 Gloucester Square Melksham has increased by £2,898 (3.2%) and its rental value has increased by £31 per month (5.7%).
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, Gloucester Square, Melksham is in very good condition we estimate a sale value of £95,476 and rental value of £572 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £84,564 and a rental value of £506 per month.
If you were able to purchase this property for the estimated value of £90,929, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £447 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 the Land Registry and our network of Estate Agents, there have been 3 property sales within a 53m radius of 1, Gloucester Square, Melksham over the last 2 years.
The most recent example is 33, Gloucester Square, Melksham, SN12 7NJ, a Freehold house which sold for £150,000 in Sep 2020.
Read more about house prices in SN12.
Gloucester Square, Melksham, SN12 has a total of 48 addresses. According to our analysis of all the public data, 1, Gloucester Square, Melksham is the 18th largest and the 18th most expensive property on the street.
When compared to the postcode district it is £221k less expensive than the average property in SN12.
1, Gloucester Square, Melksham has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 22 Apr 2016.
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, Gloucester Square, Melksham is Melksham station which is 1.3 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, Gloucester Square, Melksham, 83.7% of property is socially rented and 5.9% 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, Gloucester Square, Melksham, 9.2% of residents are recorded as possessing school level qualifications and 12.3% 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, Gloucester Square, Melksham, the average age was 45.2 and the most common age was 57.
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, Gloucester Square, Melksham, 0.0% 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, Gloucester Square, Melksham, there are an average of 0.6 cars per household.
See below for how this compares to South West and the rest of England & Wales.