According to the public record, 7, Addison Road, Melksham is a early-century freehold house and with 979 ft2 of internal area and sits on a 487 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Addison Road, Melksham, SN12 is located within the SN12 postal district.
7, Addison Road, Melksham has 31 entries in the Land Registry database, most recently in January 2020 and a single entry in the EPC database dated September 2019.
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 7 Addison Road Melksham as £283,588 and the rental value as £1,181 per month giving an expected gross yield of 5%.
Over the last 12 months the sale value of 7 Addison Road Melksham has increased by £9,982 (3.5%) and its rental value has increased by £71 per month (6.1%).
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 7, Addison Road, Melksham is in very good condition we estimate a sale value of £297,767 and rental value of £1,240 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £263,737 and a rental value of £1,098 per month.
If you were able to purchase this property for the estimated value of £283,588, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,394 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, 7, Addison Road, Melksham sits on a plot of 487m2.
We have plot size data on 14 out of 30 other houses in the postcode and 7, Addison Road, Melksham sits on the 6th largest plot.
According to HM Land Registry, 7, Addison Road, Melksham was last sold on 17 Jan 2020 for £265,000 and was recorded as a freehold house.
The property has had 3 sales since 1995.
Since Jan 2020, the market for similar properties has risen 27.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 7, Addison Road, Melksham within a radius of 142m over the last 2 years.
The most recent example is 19, Addison Road, Melksham, SN12 8DP, a Freehold house which sold for £280,000 in Mar 2023.
Read more about house prices in SN12.
Addison Road, Melksham, SN12 has a total of 67 addresses. According to our analysis of all the public data, 7, Addison Road, Melksham is the 45th largest and the 61st most expensive property on the street.
When compared to the postcode district it is £28k less expensive than the average property in SN12.
7, Addison Road, Melksham has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 26 Sep 2019.
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 7, Addison Road, Melksham is Melksham station which is 600 m 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 7, Addison Road, Melksham, 40.9% of property is privately owned outright and 35.0% 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 7, Addison Road, Melksham, 9.2% of residents are recorded as possessing school level qualifications and 28.1% 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 7, Addison Road, Melksham, the average age was 41.7 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 7, Addison Road, Melksham, 0.7% 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 7, Addison Road, Melksham, there are an average of 1.5 cars per household.
See below for how this compares to South West and the rest of England & Wales.