According to the public record, 2, Melrose Street, Nottingham is a period house with 635 ft2 of internal area and sits on a 81.3 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Melrose Street, Nottingham, NG5 is located within the NG5 postal district.
2, Melrose Street, Nottingham has no recent1 records in the Land Registry database and a single entry in the EPC database dated July 2018.
We combine this information with public data 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 Melrose Street Nottingham as £163,466 and the rental value as £888 per month giving an expected gross yield of 6.5%.
Over the last 12 months the sale value of 2 Melrose Street Nottingham has increased by £1,463 (0.9%) and its rental value has increased by £65 per month (7.3%).
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, Melrose Street, Nottingham is in very good condition we estimate a sale value of £171,639 and rental value of £933 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £152,023 and a rental value of £826 per month.
If you were able to purchase this property for the estimated value of £163,466, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £803 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, Melrose Street, Nottingham sits on a plot of 81m2.
We have plot size data on 32 out of 35 other houses in the postcode and 2, Melrose Street, Nottingham sits on the 2nd largest plot.
According to HM Land Registry, 2, Melrose Street, Nottingham was last sold on 18 Mar 2002 for £61,950 and was recorded as a freehold house.
The property has had 2 sales since 1995.
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2, Melrose Street, Nottingham within a radius of 410 metres over the last 2 years.
The most recent example is 28, Melrose Street, Nottingham, NG5 2JQ, a Freehold house which sold for £205,700 in Dec 2022.
Read more about house prices in NG5.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Melrose Street, Nottingham, NG5 has a total of 61 addresses. According to our analysis of all the public data, 2, Melrose Street, Nottingham is the 53rd largest and the 55th most expensive property on the street.
When compared to the postcode district it is £37k less expensive than the average property in NG5.
2, Melrose Street, Nottingham has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 09 Jul 2018.
The property is not connected to mains gas and has partial double glazing. It is heated using a boiler and radiators.
The closest station to 2, Melrose Street, Nottingham is Nottingham station which is 3.8 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, Melrose Street, Nottingham, 62.0% of property is privately rented and 20.4% 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 2, Melrose Street, Nottingham, 24.3% of residents are recorded as possessing school level qualifications and 43.1% 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, Melrose Street, Nottingham, the average age was 41.2 and the most common age was 32.
The graph below shows how this compares to East Midlands 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, Melrose Street, Nottingham, 0.3% of property was a second home.
Comparison figures for East Midlands 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, Melrose Street, Nottingham, there are an average of 0.7 cars per household.
See below for how this compares to East Midlands and the rest of England & Wales.