According to the public record, 40, Melanie Drive, Stockport is a modern freehold house with 1,001 ft2 of internal area and sits on a 484 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Melanie Drive, Stockport, SK5 is located in the borough of Stockport within the SK5 postal district.
40, Melanie Drive, Stockport has 2 entries in the Land Registry database, most recently in November 2023 and a single entry in the EPC database dated June 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 40 Melanie Drive Stockport as £312,956 and the rental value as £1,226 per month giving an expected gross yield of 4.7%.
Over the last 12 months the sale value of 40 Melanie Drive Stockport has increased by £5,723 (1.8%) and its rental value has increased by £78 per month (6.3%).
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 40, Melanie Drive, Stockport is in very good condition we estimate a sale value of £328,604 and rental value of £1,287 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £291,049 and a rental value of £1,140 per month.
If you were able to purchase this property for the estimated value of £312,956, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,538 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, 40, Melanie Drive, Stockport sits on a plot of 484m2.
We have plot size data on 13 out of 44 other houses in the postcode and 40, Melanie Drive, Stockport sits on the 2nd largest plot.
According to HM Land Registry, 40, Melanie Drive, Stockport was last sold on 30 Nov 2023 for £335,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Nov 2023, the market for similar properties has risen 2.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 40, Melanie Drive, Stockport within a radius of 540 metres over the last 2 years.
The most recent example is 8, Sorrel Bank, Stockport, SK5 6YR, a Freehold house which sold for £330,000 in Jan 2024.
Read more about house prices in SK5.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Melanie Drive, Stockport, SK5 has a total of 44 addresses. According to our analysis of all the public data, 40, Melanie Drive, Stockport is the 3rd largest and the most expensive property on the street.
When compared to the postcode district it is £107k more expensive than the average property in SK5.
40, Melanie Drive, Stockport has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 06 Jun 2023.
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 40, Melanie Drive, Stockport is Reddish South station which is 600 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 40, Melanie Drive, Stockport, 53.0% of property is privately owned outright and 38.4% 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 40, Melanie Drive, Stockport, 18.5% of residents are recorded as possessing school level qualifications and 24.7% 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 40, Melanie Drive, Stockport, the average age was 41 and the most common age was 57.
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 40, Melanie Drive, Stockport, 0.0% 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 40, Melanie Drive, Stockport, there are an average of 1.5 cars per household.
See below for how this compares to North West and the rest of England & Wales.