According to the public record, 43, Melling Close, Chesterfield is a mid-century leasehold apartment with 516 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Melling Close, Chesterfield, S40 is located in the borough of Chesterfield within the S40 postal district.
43, Melling Close, Chesterfield has a single entry in the Land Registry database from October 2009 and a single entry in the EPC database dated 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 43 Melling Close Chesterfield as £85,307 and the rental value as £534 per month giving an expected gross yield of 7.5%.
Over the last 12 months the sale value of 43 Melling Close Chesterfield has increased by £1,827 (2.1%) and its rental value has increased by £15 per month (2.9%).
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 43, Melling Close, Chesterfield is in very good condition we estimate a sale value of £89,572 and rental value of £560 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £79,335 and a rental value of £496 per month.
If you were able to purchase this property for the estimated value of £85,307, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £419 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, 43, Melling Close, Chesterfield was last sold on 16 Oct 2009 for £65,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Oct 2009, the market for similar properties has risen 39.2%
According to the Land Registry and our network of Estate Agents, there have been 1 sale of a property similar to 43, Melling Close, Chesterfield within a radius of 500 metres over the last 2 years.
The most recent example is 56, Harehill Road, Chesterfield, S40 2JS, a Leasehold flat which sold for £65,000 in Sep 2007.
Read more about house prices in S40.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Melling Close, Chesterfield, S40 has a total of 48 addresses. According to our analysis of all the public data, 43, Melling Close, Chesterfield is the 37th largest and the 36th most expensive property on the street.
When compared to the postcode district it is £138k less expensive than the average property in S40.
43, Melling Close, Chesterfield has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 28 Feb 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 43, Melling Close, Chesterfield is Chesterfield station which is 1.9 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 43, Melling Close, Chesterfield, 78.1% of property is socially rented and 8.8% is privately owned outright.
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 43, Melling Close, Chesterfield, 13.8% of residents are recorded as possessing school level qualifications and 18.2% 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 43, Melling Close, Chesterfield, the average age was 41.7 and the most common age was 52.
The graph below shows how this compares to East Midlands 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 43, Melling Close, Chesterfield, 0.7% of property was a second home.
Comparison figures for East Midlands 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 43, Melling Close, Chesterfield, there are an average of 0.6 cars per household.
See below for how this compares to East Midlands and the rest of England & Wales.