According to the public record, 1, Melrose Close, London is a modern freehold house with 974 ft2 of internal area and sits on a 165 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Melrose Close, London, SE12 is located in the borough of Lewisham within the SE12 postal district.
1, Melrose Close, London has 21 entries in the Land Registry database, most recently in December 2014 and a single entry in the EPC database dated March 2010.
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 Melrose Close London as £436,855 and the rental value as £2,120 per month giving an expected gross yield of 5.8%.
Over the last 12 months the sale value of 1 Melrose Close London has increased by £10,896 (2.5%) and its rental value has increased by £129 per month (6.1%).
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, London is in very good condition we estimate a sale value of £458,697 and rental value of £2,226 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £406,275 and a rental value of £1,972 per month.
If you were able to purchase this property for the estimated value of £436,855, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,147 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, Melrose Close, London sits on a plot of 165m2.
We have plot size data on 15 out of 47 other houses in the postcode and 1, Melrose Close, London sits on the 2nd largest plot.
According to HM Land Registry, 1, Melrose Close, London was last sold on 22 Dec 2014 for £250,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Dec 2014, the market for similar properties has risen 34.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 1, Melrose Close, London within a radius of 480 metres over the last 2 years.
The most recent example is 13, Danescombe, London, SE12 9EU, a Freehold house which sold for £490,000 in Jan 2024.
Read more about house prices in SE12.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Melrose Close, London, SE12 has a total of 47 addresses. According to our analysis of all the public data, 1, Melrose Close, London is the 9th largest and the 10th most expensive property on the street.
When compared to the postcode district it is £33k less expensive than the average property in SE12.
1, Melrose Close, London has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 11 Mar 2010.
The property is connected to mains gas and has single glazed windows. It is heated using a boiler and radiators.
The closest station to 1, Melrose Close, London is Lee (London) station which is 1.0 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, Melrose Close, London, 57.4% of property is socially rented and 18.1% is privately 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 1, Melrose Close, London, 20.5% of residents are recorded as possessing school level qualifications and 37.0% 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, London, the average age was 38.7 and the most common age was 37.
The graph below shows how this compares to Greater London 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, London, 0.3% of property was a second home.
Comparison figures for Greater London 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, London, there are an average of 0.7 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.