According to the public record, 2, Talbot Close, Melksham is a freehold house.
By comparing it to neighbours, we estimate that it is a mid-century house with 847 ft2 of internal area and a garden.
Houses of this size in this area normally have 3 bedrooms.
Talbot Close, Melksham, SN12 is located within the SN12 postal district.
2, Talbot Close, Melksham has a single entry in the Land Registry database from December 2007 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 2 Talbot Close Melksham as £322,588 and the rental value as £1,197 per month giving an expected gross yield of 4.5%.
Over the last 12 months the sale value of 2 Talbot Close Melksham has increased by £9,999 (3.1%) and its rental value has increased by £67 per month (5.6%).
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, Talbot Close, Melksham is in very good condition we estimate a sale value of £338,718 and rental value of £1,256 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £300,007 and a rental value of £1,113 per month.
If you were able to purchase this property for the estimated value of £322,588, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,585 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, Talbot Close, Melksham was last sold on 03 Dec 2007 for £187,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Dec 2007, the market for similar properties has risen 61.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2, Talbot Close, Melksham within a radius of 570 metres over the last 2 years.
The most recent example is 5, Burniston Close, Melksham, SN12 7JS, a Freehold house which sold for £295,000 in Aug 2023.
Read more about house prices in SN12.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Talbot Close, Melksham, SN12 has a total of 7 addresses. According to our analysis of all the public data, 2, Talbot Close, Melksham is the 3rd largest and the 2nd most expensive property on the street.
When compared to the postcode district it is £11k more expensive than the average property in SN12.
The closest station to 2, Talbot Close, Melksham is Melksham station which is 1.6 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, Talbot Close, Melksham, 69.5% of property is privately owned outright and 18.3% 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, Talbot Close, Melksham, 7.8% of residents are recorded as possessing school level qualifications and 19.1% 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, Talbot Close, Melksham, the average age was 41.7 and the most common age was 52.
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, Talbot Close, Melksham, 0.7% 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, Talbot Close, Melksham, there are an average of 1.5 cars per household.
See below for how this compares to South West and the rest of England & Wales.