According to the public record, 17 Melville Court, Guildford is a mid-century leasehold apartment with 559 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a balcony.
The apartment is in Melville Court, Guildown Road, Guildford, GU2.
Guildown Road, Guildford, GU2 is located in the borough of Guildford within the GU2 postal district.
17 Melville Court, Guildford has 51 entries in the Land Registry database, most recently in August 2023 and a single entry in the EPC database dated June 2018.
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 17 Melville Court Guildford as £252,789 and the rental value as £1,199 per month giving an expected gross yield of 5.7%.
Over the last 12 months the sale value of 17 Melville Court Guildford has decreased by £973 (0.4%) and its rental value has increased by £46 per month (3.8%).
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 17 Melville Court, Guildford is in very good condition we estimate a sale value of £265,428 and rental value of £1,259 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £235,094 and a rental value of £1,115 per month.
If you were able to purchase this property for the estimated value of £252,789, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,242 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, 17 Melville Court, Guildford was last sold on 21 Aug 2023 for £230,000 and was recorded as a leasehold flat.
The property has had 5 sales since 1995.
Since Aug 2023, the market for similar properties has dropped 0.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 17 Melville Court, Guildford within a radius of 810 metres over the last 2 years.
The most recent example is 21 Melville Court, Guildown Road, Guildford, GU2 4ER, a Leasehold flat which sold for £246,000 in Mar 2022.
Read more about house prices in GU2.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Guildown Road, Guildford, GU2 has a total of 113 addresses. According to our analysis of all the public data, 17 Melville Court, Guildford is the 99th largest and the 103rd most expensive property on the street.
When compared to the postcode district it is £250k less expensive than the average property in GU2.
17 Melville Court, Guildford has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 27 Jun 2018.
The property is not connected to mains gas and has fully double glazed windows. It is heated using electric storage heaters.
The closest station to 17 Melville Court, Guildford is Guildford station which is 900 metres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 17 Melville Court, Guildford, 40.9% of property is privately rented and 36.2% 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 17 Melville Court, Guildford, 12.9% of residents are recorded as possessing school level qualifications and 68.0% 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 17 Melville Court, Guildford, the average age was 42.3 and the most common age was 52.
The graph below shows how this compares to South East 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 17 Melville Court, Guildford, 3.7% of property was a second home.
Comparison figures for South East 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 17 Melville Court, Guildford, there are an average of 1.0 cars per household.
See below for how this compares to South East and the rest of England & Wales.