According to the public record, 61, Melrose Street, Nottingham is a period freehold house with 645 ft2 of internal area and sits on a 53.2 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Melrose Street, Nottingham, NG5 is located within the NG5 postal district.
61, Melrose Street, Nottingham has 51 entries in the Land Registry database, most recently in September 2022 and a single entry in the EPC database dated November 2014.
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 61 Melrose Street Nottingham as £165,598 and the rental value as £902 per month giving an expected gross yield of 6.5%.
Over the last 12 months the sale value of 61 Melrose Street Nottingham has increased by £1,482 (0.9%) and its rental value has increased by £66 per month (7.3%).
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 61, Melrose Street, Nottingham is in very good condition we estimate a sale value of £173,878 and rental value of £947 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £154,006 and a rental value of £839 per month.
If you were able to purchase this property for the estimated value of £165,598, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £814 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, 61, Melrose Street, Nottingham sits on a plot of 53m2.
We have plot size data on 19 out of 26 other houses in the postcode and 61, Melrose Street, Nottingham sits on the 14th largest plot.
According to HM Land Registry, 61, Melrose Street, Nottingham was last sold on 16 Sep 2022 for £166,000 and was recorded as a freehold house.
The property has had 5 sales since 1995.
Since Sep 2022, the market for similar properties has risen 0.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 61, Melrose Street, Nottingham within a radius of 400 metres over the last 2 years.
The most recent example is 25, Woodville Road, Nottingham, NG5 2JS, a Freehold house which sold for £150,000 in Sep 2023.
Read more about house prices in NG5.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Melrose Street, Nottingham, NG5 has a total of 61 addresses. According to our analysis of all the public data, 61, Melrose Street, Nottingham is the 50th largest and the 50th most expensive property on the street.
When compared to the postcode district it is £35k less expensive than the average property in NG5.
61, Melrose Street, Nottingham has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 26 Nov 2014.
The property is connected to mains gas and has partial double glazing. It is heated using a boiler and radiators.
The closest station to 61, Melrose Street, Nottingham is Nottingham station which is 3.8 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 61, Melrose Street, Nottingham, 54.3% of property is privately rented and 25.6% 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 61, Melrose Street, Nottingham, 14.1% of residents are recorded as possessing school level qualifications and 47.4% 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 61, Melrose Street, Nottingham, the average age was 41.2 and the most common age was 32.
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 61, Melrose Street, Nottingham, 0.0% 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 61, Melrose Street, Nottingham, there are an average of 0.8 cars per household.
See below for how this compares to East Midlands and the rest of England & Wales.