According to the public record, 11, Fernie Avenue, Melton Mowbray is a period freehold house and with 796 ft2 of internal area and sits on a 112 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Fernie Avenue, Melton Mowbray, LE13 is located in the borough of Melton within the LE13 postal district.
11, Fernie Avenue, Melton Mowbray has 31 entries in the Land Registry database, most recently in January 2018 and 2 entries in the EPC database, most recently in March 2020.
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 11 Fernie Avenue Melton Mowbray as £159,085 and the rental value as £683 per month giving an expected gross yield of 5.1%.
Over the last 12 months the sale value of 11 Fernie Avenue Melton Mowbray has increased by £2,724 (1.7%) and its rental value has increased by £24 per month (3.5%).
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 11, Fernie Avenue, Melton Mowbray is in very good condition we estimate a sale value of £167,039 and rental value of £717 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £147,949 and a rental value of £635 per month.
If you were able to purchase this property for the estimated value of £159,085, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £782 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, 11, Fernie Avenue, Melton Mowbray sits on a plot of 112m2.
We have plot size data on 31 out of 38 other houses in the postcode and 11, Fernie Avenue, Melton Mowbray sits on the 6th largest plot.
According to HM Land Registry, 11, Fernie Avenue, Melton Mowbray was last sold on 25 Jan 2018 for £123,000 and was recorded as a freehold house.
The property has had 3 sales since 1995.
Since Jan 2018, the market for similar properties has risen 26.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 11, Fernie Avenue, Melton Mowbray within a radius of 67m over the last 2 years.
The most recent example is 45, Fernie Avenue, Melton Mowbray, LE13 0HZ, a Freehold house which sold for £130,000 in Aug 2023.
Read more about house prices in LE13.
Fernie Avenue, Melton Mowbray, LE13 has a total of 38 addresses. According to our analysis of all the public data, 11, Fernie Avenue, Melton Mowbray is the 24th largest and the 24th most expensive property on the street.
When compared to the postcode district it is £84k less expensive than the average property in LE13.
11, Fernie Avenue, Melton Mowbray has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 03 Mar 2020.
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 11, Fernie Avenue, Melton Mowbray is Melton Mowbray station which is 900 m 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 11, Fernie Avenue, Melton Mowbray, 52.7% of property is privately rented and 26.4% 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 11, Fernie Avenue, Melton Mowbray, 13.0% of residents are recorded as possessing school level qualifications and 21.6% 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 11, Fernie Avenue, Melton Mowbray, the average age was 40.8 and the most common age was 32.
The graph below shows how this compares to East 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 11, Fernie Avenue, Melton Mowbray, 0.0% of property was a second home.
Comparison figures for East 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 11, Fernie Avenue, Melton Mowbray, there are an average of 1.0 cars per household.
See below for how this compares to East Midlands and the rest of England & Wales.