According to the public record, 122, First Lane, Melksham is a freehold house.
By comparing it to neighbours, we estimate that it is a mid-century house with 875 ft2 of internal area and a garden.
Houses of this size in this area normally have 3 bedrooms.
First Lane, Whitley, Melksham, SN12 is located within the SN12 postal district.
122, First Lane, Melksham has a single entry in the Land Registry database from February 2023 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 122 First Lane Melksham as £529,568 and the rental value as £1,584 per month giving an expected gross yield of 3.6%.
Over the last 12 months the sale value of 122 First Lane Melksham has increased by £10,958 (2.1%) and its rental value has increased by £86 per month (5.5%).
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 122, First Lane, Melksham is in very good condition we estimate a sale value of £556,046 and rental value of £1,663 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £492,498 and a rental value of £1,473 per month.
If you were able to purchase this property for the estimated value of £529,568, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,603 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, 122, First Lane, Melksham was last sold on 27 Feb 2023 for £447,700 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Feb 2023, the market for similar properties has risen 0.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 122, First Lane, Melksham within a radius of 2.1 kilometres over the last 2 years.
The most recent example is 105J, Top Lane, Melksham, SN12 8QL, a Freehold house which sold for £320,000 in Dec 2019.
Read more about house prices in SN12.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
First Lane, Whitley, Melksham, SN12 has a total of 17 addresses. According to our analysis of all the public data, 122, First Lane, Melksham is the 14th largest and the 8th most expensive property on the street.
When compared to the postcode district it is £218k more expensive than the average property in SN12.
The closest station to 122, First Lane, Melksham is Melksham station which is 2.1 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 122, First Lane, Melksham, 70.1% of property is privately owned outright 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 122, First Lane, Melksham, 10.1% of residents are recorded as possessing school level qualifications and 39.1% 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 122, First Lane, Melksham, the average age was 42.4 and the most common age was 52.
The graph below shows how this compares to South West 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 122, First Lane, Melksham, 4.2% of property was a second home.
Comparison figures for South West 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 122, First Lane, Melksham, there are an average of 1.6 cars per household.
See below for how this compares to South West and the rest of England & Wales.