According to the public record, 127A, Melton Road North, Wellingborough is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a period apartment with 588 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in 127, Melton Road North, Wellingborough, NN8.
Melton Road North, Wellingborough, NN8 is located within the NN8 postal district.
127A, Melton Road North, Wellingborough has a single entry in the Land Registry database from April 2009 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 127A Melton Road North Wellingborough as £111,200 and the rental value as £659 per month giving an expected gross yield of 7.1%.
Over the last 12 months the sale value of 127A Melton Road North Wellingborough has increased by £310 (0.3%) and its rental value has increased by £48 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 127A, Melton Road North, Wellingborough is in very good condition we estimate a sale value of £116,760 and rental value of £692 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £103,416 and a rental value of £613 per month.
If you were able to purchase this property for the estimated value of £111,200, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £547 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, 127A, Melton Road North, Wellingborough was last sold on 09 Apr 2009 for £73,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Apr 2009, the market for similar properties has risen 72.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 127A, Melton Road North, Wellingborough within a radius of 420 metres over the last 2 years.
The most recent example is 164C, Mill Road, Wellingborough, NN8 1PJ, a Leasehold flat which sold for £115,000 in Nov 2023.
Read more about house prices in NN8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Melton Road North, Wellingborough, NN8 has a total of 75 addresses. According to our analysis of all the public data, 127A, Melton Road North, Wellingborough is the 69th largest and the 75th most expensive property on the street.
When compared to the postcode district it is £129k less expensive than the average property in NN8.
The closest station to 127A, Melton Road North, Wellingborough is Wellingborough station which is 500 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 127A, Melton Road North, Wellingborough, 48.3% of property is privately rented and 26.7% 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 127A, Melton Road North, Wellingborough, 14.3% of residents are recorded as possessing school level qualifications and 21.6% 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 127A, Melton Road North, Wellingborough, the average age was 35.9 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 127A, Melton Road North, Wellingborough, 1.1% 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 127A, Melton Road North, Wellingborough, there are an average of 0.9 cars per household.
See below for how this compares to East Midlands and the rest of England & Wales.