According to the public record, 1, Melrose Close, Farnborough is a leasehold house.
By comparing it to neighbours, we estimate that it is a modern house with 968 ft2 of internal area and a garden.
Houses of this size in this area normally have 3 bedrooms.
Melrose Close, Farnborough, GU14 is located in the borough of Rushmoor within the GU14 postal district.
1, Melrose Close, Farnborough has a single entry in the Land Registry database from June 2006 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 1 Melrose Close Farnborough as £392,207 and the rental value as £1,642 per month giving an expected gross yield of 5%.
Over the last 12 months the sale value of 1 Melrose Close Farnborough has increased by £9,614 (2.5%) and its rental value has increased by £71 per month (4.3%).
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, Melrose Close, Farnborough is in very good condition we estimate a sale value of £411,817 and rental value of £1,725 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £364,752 and a rental value of £1,527 per month.
If you were able to purchase this property for the estimated value of £392,207, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,928 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, 1, Melrose Close, Farnborough was last sold on 09 Jun 2006 for £102,500 and was recorded as a leasehold house.
The property has only had this single sale since 1995.
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 1, Melrose Close, Farnborough within a radius of 208m over the last 2 years.
The most recent example is 72, Whetstone Road, Farnborough, GU14 9TA, a Freehold house which sold for £427,000 in Oct 2022.
Read more about house prices in GU14.
Melrose Close, Farnborough, GU14 has a total of 25 addresses. According to our analysis of all the public data, 1, Melrose Close, Farnborough is the 3rd largest and the 3rd most expensive property on the street.
When compared to the postcode district it is £12k more expensive than the average property in GU14.
The closest station to 1, Melrose Close, Farnborough is Farnborough (Main) station which is 2.5 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, Melrose Close, Farnborough, 43.4% of property is socially rented and 22.6% 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, Melrose Close, Farnborough, 27.0% of residents are recorded as possessing school level qualifications and 21.2% 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, Melrose Close, Farnborough, the average age was 39.8 and the most common age was 57.
The graph below shows how this compares to South 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 1, Melrose Close, Farnborough, 0.7% of property was a second home.
Comparison figures for South 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 1, Melrose Close, Farnborough, there are an average of 1.4 cars per household.
See below for how this compares to South East and the rest of England & Wales.