According to the public record, 2, Melling Street, London is a period freehold house with 1,054 ft2 of internal area and sits on a 98.6 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Melling Street, London, SE18 is located in the borough of Greenwich within the SE18 postal district.
2, Melling Street, London has 2 entries in the Land Registry database, most recently in March 2021 and a single entry in the EPC database dated February 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 2 Melling Street London as £454,565 and the rental value as £2,027 per month giving an expected gross yield of 5.4%.
Over the last 12 months the sale value of 2 Melling Street London has increased by £13,795 (3.0%) and its rental value has increased by £156 per month (7.7%).
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, Melling Street, London is in very good condition we estimate a sale value of £477,294 and rental value of £2,129 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £422,746 and a rental value of £1,885 per month.
If you were able to purchase this property for the estimated value of £454,565, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,234 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, Melling Street, London sits on a plot of 99m2.
We have plot size data on 15 out of 35 other houses in the postcode and 2, Melling Street, London sits on the 12th largest plot.
According to HM Land Registry, 2, Melling Street, London was last sold on 26 Mar 2021 for £440,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Mar 2021, the market for similar properties has risen 10.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2, Melling Street, London within a radius of 480 metres over the last 2 years.
The most recent example is 109, Swingate Lane, London, SE18 2DB, a Freehold house which sold for £445,000 in Sep 2023.
Read more about house prices in SE18.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Melling Street, London, SE18 has a total of 36 addresses. According to our analysis of all the public data, 2, Melling Street, London is the largest and the most expensive property on the street.
When compared to the postcode district it is £88k more expensive than the average property in SE18.
2, Melling Street, London has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 09 Feb 2018.
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, Melling Street, London is Plumstead station which is 1.4 kilometres 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, Melling Street, London, 43.4% of property is privately owned with a mortgage and 28.9% 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, Melling Street, London, 22.2% of residents are recorded as possessing school level qualifications and 37.4% 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, Melling Street, London, the average age was 36.4 and the most common age was 32.
The graph below shows how this compares to Greater London 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, Melling Street, London, 0.5% of property was a second home.
Comparison figures for Greater London 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, Melling Street, London, there are an average of 0.9 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.