According to the public record, 2A, Bank Street, Melksham is a modern leasehold apartment and with 516 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Bank Street, Melksham, SN12 is located within the SN12 postal district.
2A, Bank Street, Melksham has a single entry in the Land Registry database from April 2020 and a single entry in the EPC database dated November 2017.
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 2A Bank Street Melksham as £116,231 and the rental value as £668 per month giving an expected gross yield of 6.9%.
Over the last 12 months the sale value of 2A Bank Street Melksham has increased by £3,704 (3.2%) and its rental value has increased by £38 per month (5.7%).
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 2A, Bank Street, Melksham is in very good condition we estimate a sale value of £122,043 and rental value of £702 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £108,095 and a rental value of £621 per month.
If you were able to purchase this property for the estimated value of £116,231, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £571 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, 2A, Bank Street, Melksham was last sold on 03 Apr 2020 for £105,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Apr 2020, the market for similar properties has risen 22.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2A, Bank Street, Melksham within a radius of 121m over the last 2 years.
The most recent example is Flat 1, Giffords Court, Lowbourne, Melksham, SN12 7DY, a Leasehold flat which sold for £115,000 in Jul 2024.
Read more about house prices in SN12.
Bank Street, Melksham, SN12 has a total of 37 addresses. According to our analysis of all the public data, 2A, Bank Street, Melksham is the 22nd largest and the 32nd most expensive property on the street.
When compared to the postcode district it is £195k less expensive than the average property in SN12.
2A, Bank Street, Melksham has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 13 Nov 2017.
The property is not connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
The closest station to 2A, Bank Street, Melksham is Melksham station which is 800 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 2A, Bank Street, Melksham, 40.3% of property is privately owned with a mortgage and 21.8% is socially 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 2A, Bank Street, Melksham, 20.7% of residents are recorded as possessing school level qualifications and 21.9% 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 2A, Bank Street, Melksham, the average age was 45.2 and the most common age was 57.
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 2A, Bank Street, 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 2A, Bank Street, 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.