According to the public record, 1, Melbourne Road, Coventry is a period freehold house with 775 ft2 of internal area and sits on a 100 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Melbourne Road, Coventry, CV5 is located in the borough of Coventry within the CV5 postal district.
1, Melbourne Road, Coventry has 2 entries in the Land Registry database, most recently in December 2022 and a single entry in the EPC database dated May 2022.
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 Melbourne Road Coventry as £208,542 and the rental value as £1,239 per month giving an expected gross yield of 7.1%.
Over the last 12 months the sale value of 1 Melbourne Road Coventry has increased by £9,388 (4.5%) and its rental value has increased by £67 per month (5.4%).
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, Melbourne Road, Coventry is in very good condition we estimate a sale value of £218,969 and rental value of £1,301 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £193,944 and a rental value of £1,152 per month.
If you were able to purchase this property for the estimated value of £208,542, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,025 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, Melbourne Road, Coventry sits on a plot of 100m2.
We have plot size data on 20 out of 27 other houses in the postcode and 1, Melbourne Road, Coventry sits on the 10th largest plot.
According to HM Land Registry, 1, Melbourne Road, Coventry was last sold on 21 Dec 2022 for £205,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Dec 2022, the market for similar properties has risen 0.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 1, Melbourne Road, Coventry within a radius of 310 metres over the last 2 years.
The most recent example is 107, Broomfield Road, Coventry, CV5 6LA, a Freehold house which sold for £172,000 in Dec 2023.
Read more about house prices in CV5.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Melbourne Road, Coventry, CV5 has a total of 193 addresses. According to our analysis of all the public data, 1, Melbourne Road, Coventry is the 54th largest and the 27th most expensive property on the street.
When compared to the postcode district it is £69k less expensive than the average property in CV5.
1, Melbourne Road, Coventry has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 12 May 2022.
The property is connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
The closest station to 1, Melbourne Road, Coventry is Coventry station which is 1.2 kilometres 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, Melbourne Road, Coventry, 58.0% of property is privately rented and 18.5% is privately owned with a mortgage.
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, Melbourne Road, Coventry, 40.7% of residents are recorded as possessing school level qualifications and 50.8% 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, Melbourne Road, Coventry, the average age was 36.6 and the most common age was 22.
The graph below shows how this compares to West Midlands 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, Melbourne Road, Coventry, 0.4% of property was a second home.
Comparison figures for West Midlands 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, Melbourne Road, Coventry, there are an average of 0.7 cars per household.
See below for how this compares to West Midlands and the rest of England & Wales.