According to the public record, 4 Melbourne Mills, Leeds is a modern leasehold apartment with 699 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in Melbourne Mills, Melbourne Street, Morley, Leeds, LS27.
Melbourne Street, Morley, Leeds, LS27 is located in the borough of Leeds within the LS27 postal district.
4 Melbourne Mills, Leeds has 3 entries in the Land Registry database, most recently in October 2021 and a single entry in the EPC database dated March 2020.
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 4 Melbourne Mills Leeds as £106,820 and the rental value as £718 per month giving an expected gross yield of 8.1%.
Over the last 12 months the sale value of 4 Melbourne Mills Leeds has increased by £4,571 (4.3%) and its rental value has increased by £5 per month (0.7%).
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 4 Melbourne Mills, Leeds is in very good condition we estimate a sale value of £112,161 and rental value of £754 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £99,343 and a rental value of £668 per month.
If you were able to purchase this property for the estimated value of £106,820, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £525 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, 4 Melbourne Mills, Leeds was last sold on 22 Oct 2021 for £87,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Oct 2021, the market for similar properties has risen 13.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 4 Melbourne Mills, Leeds within a radius of 430 metres over the last 2 years.
The most recent example is 6 Melbourne Mills, Melbourne Street, Leeds, LS27 8BJ, a Leasehold flat which sold for £70,000 in Apr 2023.
Read more about house prices in LS27.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Melbourne Street, Morley, Leeds, LS27 has a total of 111 addresses. According to our analysis of all the public data, 4 Melbourne Mills, Leeds is the 17th largest and the 23rd most expensive property on the street.
When compared to the postcode district it is £117k less expensive than the average property in LS27.
4 Melbourne Mills, Leeds has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 12 Mar 2020.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Room heaters, electric.
The closest station to 4 Melbourne Mills, Leeds is Morley 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 4 Melbourne Mills, Leeds, 64.2% of property is privately rented and 19.8% 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 4 Melbourne Mills, Leeds, 8.8% of residents are recorded as possessing school level qualifications and 42.1% 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 4 Melbourne Mills, Leeds, the average age was 37.6 and the most common age was 27.
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 4 Melbourne Mills, Leeds, 0.0% 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 4 Melbourne Mills, Leeds, there are an average of 0.8 cars per household.
See below for how this compares to Yorkshire and The Humber and the rest of England & Wales.