According to the public record, 28, Melkridge Close, Chester is a modern freehold house with 753 ft2 of internal area and sits on a 175 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Melkridge Close, Chester, CH2 is located within the CH2 postal district.
28, Melkridge Close, Chester has 51 entries in the Land Registry database, most recently in October 2022 and a single entry in the EPC database dated August 2022.
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 28 Melkridge Close Chester as £280,309 and the rental value as £1,231 per month giving an expected gross yield of 5.3%.
Over the last 12 months the sale value of 28 Melkridge Close Chester has decreased by £2,322 (0.8%) and its rental value has increased by £66 per month (5.3%).
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 28, Melkridge Close, Chester is in very good condition we estimate a sale value of £294,325 and rental value of £1,293 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £260,687 and a rental value of £1,145 per month.
If you were able to purchase this property for the estimated value of £280,309, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,378 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, 28, Melkridge Close, Chester sits on a plot of 175m2.
We have plot size data on 30 out of 46 other houses in the postcode and 28, Melkridge Close, Chester sits on the 23rd largest plot.
According to HM Land Registry, 28, Melkridge Close, Chester was last sold on 11 Oct 2022 for £272,500 and was recorded as a freehold house.
The property has had 5 sales since 1995.
Since Oct 2022, the market for similar properties has dropped 3.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 28, Melkridge Close, Chester within a radius of 510 metres over the last 2 years.
The most recent example is 22, Housesteads Drive, Chester, CH2 3DL, a Freehold house which sold for £300,000 in Oct 2022.
Read more about house prices in CH2.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Melkridge Close, Chester, CH2 has a total of 46 addresses. According to our analysis of all the public data, 28, Melkridge Close, Chester is the 13th largest and the 14th most expensive property on the street.
When compared to the postcode district it is £12k less expensive than the average property in CH2.
28, Melkridge Close, Chester has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 08 Aug 2022.
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 28, Melkridge Close, Chester is Chester station which is 800 metres 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 28, Melkridge Close, Chester, 43.6% of property is privately owned with a mortgage and 28.2% 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 28, Melkridge Close, Chester, 17.3% of residents are recorded as possessing school level qualifications and 53.4% 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 28, Melkridge Close, Chester, the average age was 41.1 and the most common age was 27.
The graph below shows how this compares to North 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 28, Melkridge Close, Chester, 0.8% of property was a second home.
Comparison figures for North 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 28, Melkridge Close, Chester, there are an average of 1.2 cars per household.
See below for how this compares to North West and the rest of England & Wales.