According to the public record, 7A, Melrose Walk, Basingstoke is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a mid-century apartment with 595 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in 7, Melrose Walk, Basingstoke, RG24.
Melrose Walk, Basingstoke, RG24 is located in the borough of Basingstoke and Deane within the RG24 postal district.
7A, Melrose Walk, Basingstoke has a single entry in the Land Registry database from December 2007 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 7A Melrose Walk Basingstoke as £162,715 and the rental value as £899 per month giving an expected gross yield of 6.6%.
Over the last 12 months the sale value of 7A Melrose Walk Basingstoke has increased by £3,588 (2.2%) and its rental value has increased by £63 per month (7.0%).
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 7A, Melrose Walk, Basingstoke is in very good condition we estimate a sale value of £170,850 and rental value of £944 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £151,325 and a rental value of £836 per month.
If you were able to purchase this property for the estimated value of £162,715, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £800 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, 7A, Melrose Walk, Basingstoke was last sold on 14 Dec 2007 for £145,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Dec 2007, the market for similar properties has risen 28.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 7A, Melrose Walk, Basingstoke within a radius of 550 metres over the last 2 years.
The most recent example is 15, Hailstone Road, Basingstoke, RG21 5RZ, a Leasehold flat which sold for £190,000 in Oct 2022.
Read more about house prices in RG24.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Melrose Walk, Basingstoke, RG24 has a total of 142 addresses. According to our analysis of all the public data, 7A, Melrose Walk, Basingstoke is the 137th largest and the 129th most expensive property on the street.
When compared to the postcode district it is £197k less expensive than the average property in RG24.
The closest station to 7A, Melrose Walk, Basingstoke is Basingstoke station which is 1.4 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 7A, Melrose Walk, Basingstoke, 53.3% of property is socially rented and 19.1% 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 7A, Melrose Walk, Basingstoke, 21.4% of residents are recorded as possessing school level qualifications and 25.4% 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 7A, Melrose Walk, Basingstoke, the average age was 34.4 and the most common age was 32.
The graph below shows how this compares to South East 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 7A, Melrose Walk, Basingstoke, 0.8% of property was a second home.
Comparison figures for South East 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 7A, Melrose Walk, Basingstoke, there are an average of 1.0 cars per household.
See below for how this compares to South East and the rest of England & Wales.