According to the public record, 116, Melrose Avenue, London is a period leasehold apartment and with 1,140 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms with a garden.
The apartment is in 116, Melrose Avenue, London, NW2.
Melrose Avenue, London, NW2 is located in the borough of Brent within the NW2 postal district.
116, Melrose Avenue, London has 31 entries in the Land Registry database, most recently in January 2014 and a single entry in the EPC database dated October 2013.
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 116 Melrose Avenue London as £719,336 and the rental value as £3,014 per month giving an expected gross yield of 5%.
Over the last 12 months the sale value of 116 Melrose Avenue London has decreased by £7,638 (1.1%) and its rental value has increased by £59 per month (1.9%).
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 116, Melrose Avenue, London is in very good condition we estimate a sale value of £755,303 and rental value of £3,165 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £668,983 and a rental value of £2,803 per month.
If you were able to purchase this property for the estimated value of £719,336, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £3,535 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, 116, Melrose Avenue, London was last sold on 17 Jan 2014 for £580,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Jan 2014, the market for similar properties has risen 17.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 116, Melrose Avenue, London within a radius of 170m over the last 2 years.
The most recent example is Flat 11, Trinity Court, Anson Road, London, NW2 6AZ, a Leasehold flat which sold for £710,000 in Aug 2020.
Read more about house prices in NW2.
Our network of Estate Agents report 1 let within a 164m radius of 116, Melrose Avenue, London over the last 2 years.
Most recently 7B , James Avenue, London, NW2 4AJ, a Leasehold flat let by Collinson Hall for an undisclosed amount in Dec 2023.
Melrose Avenue, London, NW2 has a total of 488 addresses. According to our analysis of all the public data, 116, Melrose Avenue, London is the 86th largest and the 86th most expensive property on the street.
When compared to the postcode district it is £131k more expensive than the average property in NW2.
116, Melrose Avenue, London has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 28 Oct 2013.
The property is connected to mains gas and has partial double glazing. It is heated using a boiler and radiators.
The closest station to 116, Melrose Avenue, London is Willesden Green station which is 600 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 116, Melrose Avenue, London, 41.3% of property is privately rented and 20.6% 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 116, Melrose Avenue, London, 19.1% of residents are recorded as possessing school level qualifications and 56.1% 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 116, Melrose Avenue, London, the average age was 38.3 and the most common age was 27.
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 116, Melrose Avenue, London, 1.0% 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 116, Melrose Avenue, London, there are an average of 0.5 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.