According to the public record, 16, Forest Road, Melksham is a period freehold house and with 1,259 ft2 of internal area and sits on a 245 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
Forest Road, Melksham, SN12 is located within the SN12 postal district.
16, Forest Road, Melksham has a single entry in the Land Registry database from June 2021 and a single entry in the EPC database dated March 2021.
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 16 Forest Road Melksham as £331,905 and the rental value as £1,324 per month giving an expected gross yield of 4.8%.
Over the last 12 months the sale value of 16 Forest Road Melksham has increased by £7,899 (2.4%) and its rental value has increased by £64 per month (4.8%).
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 16, Forest Road, Melksham is in very good condition we estimate a sale value of £348,500 and rental value of £1,390 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £308,672 and a rental value of £1,231 per month.
If you were able to purchase this property for the estimated value of £331,905, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,631 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, 16, Forest Road, Melksham sits on a plot of 245m2.
We have plot size data on 27 out of 42 other houses in the postcode and 16, Forest Road, Melksham sits on the 19th largest plot.
According to HM Land Registry, 16, Forest Road, Melksham was last sold on 25 Jun 2021 for £200,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Jun 2021, the market for similar properties has risen 11.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 16, Forest Road, Melksham within a radius of 40m over the last 2 years.
The most recent example is 20, Forest Road, Melksham, SN12 7AA, a Freehold house which sold for £321,000 in Nov 2023.
Read more about house prices in SN12.
Forest Road, Melksham, SN12 has a total of 130 addresses. According to our analysis of all the public data, 16, Forest Road, Melksham is the 17th largest and the 14th most expensive property on the street.
When compared to the postcode district it is £20k more expensive than the average property in SN12.
16, Forest Road, Melksham has an Energy Performance Rating (EPC) of F. This is based on the most recent assessment, dated 24 Mar 2021.
The property is not connected to mains gas and has some double glazing. It is heated using electric storage heaters.
The closest station to 16, Forest Road, Melksham is Melksham 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 16, Forest Road, Melksham, 47.4% of property is privately owned outright and 35.1% 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 16, Forest Road, Melksham, 16.6% of residents are recorded as possessing school level qualifications and 30.0% 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 16, Forest Road, Melksham, the average age was 41.7 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 16, Forest Road, Melksham, 0.8% 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 16, Forest Road, 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.