According to the public record, 2 St. Michaels Court, Canon Square, Melksham is a period leasehold apartment and with 710 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a garden.
The apartment is in 2, Canon Square, Melksham, SN12.
Canon Square, Melksham, SN12 is located within the SN12 postal district.
2 St. Michaels Court, Canon Square, Melksham has 41 entries in the Land Registry database, most recently in January 2019 and 6 entries in the EPC database, most recently in May 2019.
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 2 St. Michaels Court Canon Square Melksham as £189,772 and the rental value as £743 per month giving an expected gross yield of 4.7%.
Over the last 12 months the sale value of 2 St. Michaels Court Canon Square Melksham has increased by £7,544 (4.0%) and its rental value has increased by £48 per month (6.5%).
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 2 St. Michaels Court, Canon Square, Melksham is in very good condition we estimate a sale value of £199,260 and rental value of £780 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £176,488 and a rental value of £691 per month.
If you were able to purchase this property for the estimated value of £189,772, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £933 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, 2 St. Michaels Court, Canon Square, Melksham was last sold on 29 Jan 2019 for £149,950 and was recorded as a leasehold flat.
The property has had 4 sales since 1995.
Since Jan 2019, the market for similar properties has risen 22.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2 St. Michaels Court, Canon Square, Melksham within a radius of 263m over the last 2 years.
The most recent example is 23, Strattons Court, Melksham, SN12 6GY, a Leasehold flat which sold for £155,000 in Jul 2021.
Read more about house prices in SN12.
Canon Square, Melksham, SN12 has a total of 33 addresses. According to our analysis of all the public data, 2 St. Michaels Court, Canon Square, Melksham is the 16th largest and the 23rd most expensive property on the street.
When compared to the postcode district it is £122k less expensive than the average property in SN12.
2 St. Michaels Court, Canon Square, Melksham has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 09 May 2019.
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 2 St. Michaels Court, Canon Square, Melksham is Melksham 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 2 St. Michaels Court, Canon Square, Melksham, 39.3% of property is privately owned outright and 35.5% is privately rented.
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 2 St. Michaels Court, Canon Square, Melksham, 8.6% of residents are recorded as possessing school level qualifications and 38.3% 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 2 St. Michaels Court, Canon Square, Melksham, the average age was 45.2 and the most common age was 57.
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 2 St. Michaels Court, Canon Square, Melksham, 3.7% 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 2 St. Michaels Court, Canon Square, Melksham, there are an average of 1.2 cars per household.
See below for how this compares to South West and the rest of England & Wales.