According to the public record, 7, Cotswold Close, Melksham is a mid-century leasehold apartment and with 581 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Cotswold Close, Melksham, SN12 is located within the SN12 postal district.
7, Cotswold Close, Melksham has a single entry in the Land Registry database from February 2013 and a single entry in the EPC database dated January 2013.
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 Cotswold Close Melksham as £170,375 and the rental value as £679 per month giving an expected gross yield of 4.8%.
Over the last 12 months the sale value of 7 Cotswold Close Melksham has increased by £6,086 (3.6%) and its rental value has increased by £41 per month (6.0%).
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, Cotswold Close, Melksham is in very good condition we estimate a sale value of £178,893 and rental value of £713 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £158,448 and a rental value of £631 per month.
If you were able to purchase this property for the estimated value of £170,375, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £837 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, 7, Cotswold Close, Melksham was last sold on 21 Feb 2013 for £81,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Feb 2013, the market for similar properties has risen 65.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 7, Cotswold Close, Melksham within a radius of 61m over the last 2 years.
The most recent example is 5, Cotswold Close, Melksham, SN12 7RT, a Leasehold flat which sold for £161,500 in Apr 2023.
Read more about house prices in SN12.
Cotswold Close, Melksham, SN12 has a total of 22 addresses. According to our analysis of all the public data, 7, Cotswold Close, Melksham is the 13th largest and the 13th most expensive property on the street.
When compared to the postcode district it is £141k less expensive than the average property in SN12.
7, Cotswold Close, Melksham has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 04 Jan 2013.
The property is connected to mains gas and has mostly double glazing. It is heated using room heaters.
The closest station to 7, Cotswold Close, Melksham is Melksham station which is 1.6 km 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, Cotswold Close, Melksham, 51.2% of property is privately owned outright and 27.6% 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 7, Cotswold Close, Melksham, 14.1% of residents are recorded as possessing school level qualifications and 16.3% 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, Cotswold Close, 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, Cotswold Close, Melksham, 0.0% 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, Cotswold Close, Melksham, there are an average of 1.4 cars per household.
See below for how this compares to South West and the rest of England & Wales.