According to the public record, 15 The Malt Yard, Old Maltings Approach, Woodbridge is a modern leasehold apartment and with 775 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in 15, Old Maltings Approach, Melton, Woodbridge, IP12.
Old Maltings Approach, Melton, Woodbridge, IP12 is located in the borough of East Suffolk within the IP12 postal district.
15 The Malt Yard, Old Maltings Approach, Woodbridge has 2 entries in the Land Registry database, most recently in January 2024 and a single entry in the EPC database dated August 2015.
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 15 The Malt Yard Old Maltings Approach Woodbridge as £325,806 and the rental value as £1,366 per month giving an expected gross yield of 5%.
Over the last 12 months the sale value of 15 The Malt Yard Old Maltings Approach Woodbridge has increased by £1,062 (0.3%) and its rental value has increased by £76 per month (5.6%).
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 15 The Malt Yard, Old Maltings Approach, Woodbridge is in very good condition we estimate a sale value of £342,097 and rental value of £1,434 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £303,000 and a rental value of £1,270 per month.
If you were able to purchase this property for the estimated value of £325,806, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,601 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, 15 The Malt Yard, Old Maltings Approach, Woodbridge was last sold on 05 Jan 2024 for £320,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Jan 2024, the market for similar properties has risen 3.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 15 The Malt Yard, Old Maltings Approach, Woodbridge within a radius of 51m over the last 2 years.
The most recent example is 2 The Malt Yard, Old Maltings Approach, Woodbridge, IP12 1FL, a Leasehold flat which sold for £310,000 in Feb 2023.
Read more about house prices in IP12.
Old Maltings Approach, Melton, Woodbridge, IP12 has a total of 44 addresses. According to our analysis of all the public data, 15 The Malt Yard, Old Maltings Approach, Woodbridge is the 23rd largest and the 20th most expensive property on the street.
When compared to the postcode district it is £87k less expensive than the average property in IP12.
15 The Malt Yard, Old Maltings Approach, Woodbridge has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 12 Aug 2015.
The property is not connected to mains gas and has fully double glazed windows. It is heated using a community scheme.
The closest station to 15 The Malt Yard, Old Maltings Approach, Woodbridge is Woodbridge station which is 800 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 15 The Malt Yard, Old Maltings Approach, Woodbridge, 62.5% of property is privately owned outright and 26.3% 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 15 The Malt Yard, Old Maltings Approach, Woodbridge, 17.3% of residents are recorded as possessing school level qualifications and 60.2% 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 15 The Malt Yard, Old Maltings Approach, Woodbridge, the average age was 47.2 and the most common age was 72.
The graph below shows how this compares to East of England 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 15 The Malt Yard, Old Maltings Approach, Woodbridge, 0.8% of property was a second home.
Comparison figures for East of England 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 15 The Malt Yard, Old Maltings Approach, Woodbridge, there are an average of 1.8 cars per household.
See below for how this compares to East of England and the rest of England & Wales.