According to the public record, 8, Melkridge Close, Chester is a modern freehold house with 881 ft2 of internal area and sits on a 252 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Melkridge Close, Chester, CH2 is located within the CH2 postal district.
8, Melkridge Close, Chester has a single entry in the Land Registry database from December 2011 and a single entry in the EPC database dated September 2011.
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 8 Melkridge Close Chester as £303,647 and the rental value as £1,293 per month giving an expected gross yield of 5.1%.
Over the last 12 months the sale value of 8 Melkridge Close Chester has decreased by £2,516 (0.8%) and its rental value has increased by £69 per month (5.3%).
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 8, Melkridge Close, Chester is in very good condition we estimate a sale value of £318,829 and rental value of £1,358 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £282,392 and a rental value of £1,202 per month.
If you were able to purchase this property for the estimated value of £303,647, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,492 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, 8, Melkridge Close, Chester sits on a plot of 252m2.
We have plot size data on 30 out of 46 other houses in the postcode and 8, Melkridge Close, Chester sits on the 6th largest plot.
According to HM Land Registry, 8, Melkridge Close, Chester was last sold on 21 Dec 2011 for £152,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Dec 2011, the market for similar properties has risen 55.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 8, Melkridge Close, Chester within a radius of 510 metres over the last 2 years.
The most recent example is 9, Housesteads Drive, Chester, CH2 3DL, a Freehold house which sold for £327,000 in Jun 2024.
Read more about house prices in CH2.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Melkridge Close, Chester, CH2 has a total of 46 addresses. According to our analysis of all the public data, 8, Melkridge Close, Chester is the 3rd largest and the 3rd most expensive property on the street.
When compared to the postcode district it is £12k more expensive than the average property in CH2.
8, Melkridge Close, Chester has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 05 Sep 2011.
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 8, Melkridge Close, Chester is Chester station which is 800 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 8, Melkridge Close, Chester, 43.6% of property is privately owned with a mortgage and 28.2% 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 8, Melkridge Close, Chester, 17.3% of residents are recorded as possessing school level qualifications and 53.4% 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 8, Melkridge Close, Chester, the average age was 41.1 and the most common age was 27.
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 8, Melkridge Close, Chester, 0.8% 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 8, Melkridge Close, Chester, there are an average of 1.2 cars per household.
See below for how this compares to North West and the rest of England & Wales.