According to the public record, 3, Melrose Close, York is a mid-century freehold house with 1,108 ft2 of internal area and sits on a 329 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Melrose Close, York, YO31 is located within the YO31 postal district.
3, Melrose Close, York has 21 entries in the Land Registry database, most recently in December 2012 and a single entry in the EPC database dated February 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 3 Melrose Close York as £298,826 and the rental value as £1,365 per month giving an expected gross yield of 5.5%.
Over the last 12 months the sale value of 3 Melrose Close York has increased by £2,648 (0.9%) and its rental value has decreased by £1 per month (0.1%).
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 3, Melrose Close, York is in very good condition we estimate a sale value of £313,767 and rental value of £1,433 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £277,908 and a rental value of £1,269 per month.
If you were able to purchase this property for the estimated value of £298,826, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,469 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, 3, Melrose Close, York sits on a plot of 329m2.
We have plot size data on 10 out of 16 other houses in the postcode and 3, Melrose Close, York sits on the 3rd largest plot.
According to HM Land Registry, 3, Melrose Close, York was last sold on 21 Dec 2012 for £177,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Dec 2012, the market for similar properties has risen 65.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 3, Melrose Close, York within a radius of 500 metres over the last 2 years.
The most recent example is 33, Bad Bargain Lane, York, YO31 0QX, a Freehold house which sold for £300,000 in Sep 2022.
Read more about house prices in YO31.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Melrose Close, York, YO31 has a total of 16 addresses. According to our analysis of all the public data, 3, Melrose Close, York is the 2nd largest and the 2nd most expensive property on the street.
When compared to the postcode district it is £23k less expensive than the average property in YO31.
3, Melrose Close, York has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 03 Feb 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 3, Melrose Close, York is York station which is 2.5 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 3, Melrose Close, York, 44.6% of property is privately owned outright and 36.2% 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 3, Melrose Close, York, 31.9% of residents are recorded as possessing school level qualifications and 39.7% 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 3, Melrose Close, York, the average age was 44.8 and the most common age was 57.
The graph below shows how this compares to Yorkshire and The Humber 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 3, Melrose Close, York, 0.3% of property was a second home.
Comparison figures for Yorkshire and The Humber 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 3, Melrose Close, York, there are an average of 1.2 cars per household.
See below for how this compares to Yorkshire and The Humber and the rest of England & Wales.