According to the public record, 338, Snarlton Lane, Melksham is a modern freehold house and with 850 ft2 of internal area and sits on a 275 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Snarlton Lane, Melksham, SN12 is located within the SN12 postal district.
338, Snarlton Lane, Melksham has 41 entries in the Land Registry database, most recently in July 2022 and 2 entries in the EPC database, most recently in February 2023.
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 338 Snarlton Lane Melksham as £268,744 and the rental value as £1,122 per month giving an expected gross yield of 5%.
Over the last 12 months the sale value of 338 Snarlton Lane Melksham has increased by £7,927 (2.9%) and its rental value has increased by £61 per month (5.4%).
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 338, Snarlton Lane, Melksham is in very good condition we estimate a sale value of £282,182 and rental value of £1,178 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £249,932 and a rental value of £1,043 per month.
If you were able to purchase this property for the estimated value of £268,744, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,321 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, 338, Snarlton Lane, Melksham sits on a plot of 275m2.
We have plot size data on 27 out of 37 other houses in the postcode and 338, Snarlton Lane, Melksham sits on the 10th largest plot.
According to HM Land Registry, 338, Snarlton Lane, Melksham was last sold on 28 Jul 2022 for £182,000 and was recorded as a freehold house.
The property has had 4 sales since 1995.
Since Jul 2022, the market for similar properties has dropped 1.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 338, Snarlton Lane, Melksham within a radius of 31m over the last 2 years.
The most recent example is 343, Snarlton Lane, Melksham, SN12 7QP, a Freehold house which sold for £224,500 in Sep 2023.
Read more about house prices in SN12.
Snarlton Lane, Melksham, SN12 has a total of 77 addresses. According to our analysis of all the public data, 338, Snarlton Lane, Melksham is the 60th largest and the 55th most expensive property on the street.
When compared to the postcode district it is £43k less expensive than the average property in SN12.
338, Snarlton Lane, Melksham has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 17 Feb 2023.
The property is connected to mains gas and has mostly double glazing. It is heated using a boiler and radiators.
The closest station to 338, Snarlton Lane, Melksham is Melksham station which is 2.1 km 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 338, Snarlton Lane, Melksham, 53.0% of property is privately owned outright and 30.3% 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 338, Snarlton Lane, Melksham, 17.4% of residents are recorded as possessing school level qualifications and 31.3% 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 338, Snarlton Lane, Melksham, the average age was 42.4 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 338, Snarlton Lane, Melksham, 1.3% 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 338, Snarlton Lane, Melksham, there are an average of 1.7 cars per household.
See below for how this compares to South West and the rest of England & Wales.