According to the public record, 3, Scholars Way, Melksham is a modern leasehold apartment and with 592 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Scholars Way, Melksham, SN12 is located within the SN12 postal district.
3, Scholars Way, Melksham has a single entry in the Land Registry database from October 2016 and a single entry in the EPC database dated August 2016.
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 Scholars Way Melksham as £169,998 and the rental value as £690 per month giving an expected gross yield of 4.9%.
Over the last 12 months the sale value of 3 Scholars Way Melksham has increased by £5,890 (3.5%) and its rental value has increased by £41 per month (6.0%).
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, Scholars Way, Melksham is in very good condition we estimate a sale value of £178,498 and rental value of £725 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £158,098 and a rental value of £642 per month.
If you were able to purchase this property for the estimated value of £169,998, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £835 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, 3, Scholars Way, Melksham was last sold on 19 Oct 2016 for £141,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Oct 2016, the market for similar properties has risen 26.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 3, Scholars Way, Melksham within a radius of 32m over the last 2 years.
The most recent example is 2, Scholars Way, Melksham, SN12 8FN, a Leasehold flat which sold for £167,000 in Mar 2024.
Read more about house prices in SN12.
Scholars Way, Melksham, SN12 has a total of 29 addresses. According to our analysis of all the public data, 3, Scholars Way, Melksham is the 28th largest and the 28th most expensive property on the street.
When compared to the postcode district it is £142k less expensive than the average property in SN12.
3, Scholars Way, Melksham has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 04 Aug 2016.
The property is not connected to mains gas and has high performance glazing. It is heated using a boiler and radiators.
The closest station to 3, Scholars Way, Melksham is Melksham station which is 600 m 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, Scholars Way, Melksham, 40.9% of property is privately owned outright and 35.0% 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, Scholars Way, Melksham, 9.2% of residents are recorded as possessing school level qualifications and 28.1% 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 3, Scholars Way, 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 3, Scholars Way, 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 3, Scholars Way, 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.