According to the public record, 2, Melbeck Drive, Chester Le Street is a modern leasehold house with 936 ft2 of internal area and sits on a 265 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Melbeck Drive, Ouston, Chester Le Street, DH2 is located within the DH2 postal district.
2, Melbeck Drive, Chester Le Street has a single entry in the Land Registry database from May 2018 and a single entry in the EPC database dated October 2013.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
•Public data including the Land Registry and EPC Register is processed and republished under the Government Open Data Licence.
•All values are estimates based on available data. All data and other content are provided subject to our Terms & Conditions.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 2 Melbeck Drive Chester Le Street as £181,758 and the rental value as £1,033 per month giving an expected gross yield of 6.8%.
Over the last 12 months the sale value of 2 Melbeck Drive Chester Le Street has decreased by £84 (0.0%) and its rental value has increased by £91 per month (8.8%).
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 2, Melbeck Drive, Chester Le Street is in very good condition we estimate a sale value of £190,846 and rental value of £1,084 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £169,035 and a rental value of £961 per month.
If you were able to purchase this property for the estimated value of £181,758, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £893 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, 2, Melbeck Drive, Chester Le Street sits on a plot of 265m2.
We have plot size data on 23 out of 24 other houses in the postcode and 2, Melbeck Drive, Chester Le Street sits on the 2nd largest plot.
According to HM Land Registry, 2, Melbeck Drive, Chester Le Street was last sold on 31 May 2018 for £170,126 and was recorded as a leasehold house.
The property has only had this single sale since 1995.
Since May 2018, the market for similar properties has risen 17.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2, Melbeck Drive, Chester Le Street within a radius of 1.0 kilometres over the last 2 years.
The most recent example is 104, Melbeck Drive, Chester Le Street, DH2 1UE, a Leasehold house which sold for £158,000 in Apr 2024.
Read more about house prices in DH2.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Melbeck Drive, Ouston, Chester Le Street, DH2 has a total of 83 addresses. According to our analysis of all the public data, 2, Melbeck Drive, Chester Le Street is the 31st largest and the 28th most expensive property on the street.
When compared to the postcode district it is £23k more expensive than the average property in DH2.
2, Melbeck Drive, Chester Le Street has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 11 Oct 2013.
The property is connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
The closest station to 2, Melbeck Drive, Chester Le Street is Chester-le-Street station which is 4.3 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 2, Melbeck Drive, Chester Le Street, 49.6% of property is privately owned with a mortgage and 43.8% 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 2, Melbeck Drive, Chester Le Street, 15.8% of residents are recorded as possessing school level qualifications and 37.0% 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 2, Melbeck Drive, Chester Le Street, the average age was 46 and the most common age was 57.
The graph below shows how this compares to North 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 2, Melbeck Drive, Chester Le Street, 0.9% of property was a second home.
Comparison figures for North 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 2, Melbeck Drive, Chester Le Street, there are an average of 1.7 cars per household.
See below for how this compares to North East and the rest of England & Wales.