According to the public record, 83, Melton Road, Manchester is a modern leasehold apartment with 559 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Melton Road, Manchester, M8 is located in the borough of Manchester within the M8 postal district.
83, Melton Road, Manchester has a single entry in the Land Registry database from December 2016 and a single entry in the EPC database dated May 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 83 Melton Road Manchester as £61,360 and the rental value as £399 per month giving an expected gross yield of 7.8%.
Over the last 12 months the sale value of 83 Melton Road Manchester has increased by £1,622 (2.6%) and its rental value has increased by £3 per month (0.7%).
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 83, Melton Road, Manchester is in very good condition we estimate a sale value of £64,428 and rental value of £419 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £57,064 and a rental value of £371 per month.
If you were able to purchase this property for the estimated value of £61,360, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £302 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, 83, Melton Road, Manchester was last sold on 15 Dec 2016 for £39,950 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Dec 2016, the market for similar properties has risen 52.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 83, Melton Road, Manchester within a radius of 470 metres over the last 2 years.
The most recent example is 75, Melton Road, Manchester, M8 4HR, a Leasehold flat which sold for £63,000 in Jul 2024.
Read more about house prices in M8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Melton Road, Manchester, M8 has a total of 66 addresses. According to our analysis of all the public data, 83, Melton Road, Manchester is the 55th largest and the 57th most expensive property on the street.
When compared to the postcode district it is £167k less expensive than the average property in M8.
83, Melton Road, Manchester has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 16 May 2014.
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 83, Melton Road, Manchester is Manchester Victoria station which is 3.5 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 83, Melton Road, Manchester, 43.7% of property is socially rented and 31.8% is privately rented.
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 83, Melton Road, Manchester, 35.1% of residents are recorded as possessing school level qualifications and 24.5% 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 83, Melton Road, Manchester, the average age was 31.5 and the most common age was 12.
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 83, Melton Road, Manchester, 0.0% 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 83, Melton Road, Manchester, there are an average of 0.7 cars per household.
See below for how this compares to North West and the rest of England & Wales.