According to the public record, 18B, Melrose Avenue, London is a period leasehold apartment and with 936 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms with a garden.
The apartment is in 18, Melrose Avenue, London, NW2.
Melrose Avenue, London, NW2 is located in the borough of Brent within the NW2 postal district.
18B, Melrose Avenue, London has a single entry in the Land Registry database from November 2019 and 2 entries in the EPC database, most recently in June 2019.
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 18B Melrose Avenue London as £718,127 and the rental value as £2,961 per month giving an expected gross yield of 4.9%.
Over the last 12 months the sale value of 18B Melrose Avenue London has decreased by £9,160 (1.3%) and its rental value has increased by £51 per month (1.7%).
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 18B, Melrose Avenue, London is in very good condition we estimate a sale value of £754,034 and rental value of £3,109 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £667,858 and a rental value of £2,753 per month.
If you were able to purchase this property for the estimated value of £718,127, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £3,529 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, 18B, Melrose Avenue, London was last sold on 14 Nov 2019 for £732,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Nov 2019, the market for similar properties has risen 0.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 18B, Melrose Avenue, London within a radius of 306m over the last 2 years.
The most recent example is Flat 1, 6, Blenheim Gardens, London, NW2 4NS, a Leasehold flat which sold for £875,000 in Jun 2024.
Read more about house prices in NW2.
Our network of Estate Agents report 1 let within a 213m radius of 18B, Melrose Avenue, London over the last 2 years.
Most recently 7B , James Avenue, London, NW2 4AJ, a Leasehold flat let by Collinson Hall for an undisclosed amount in Dec 2023.
Melrose Avenue, London, NW2 has a total of 488 addresses. According to our analysis of all the public data, 18B, Melrose Avenue, London is the 112th largest and the 87th most expensive property on the street.
When compared to the postcode district it is £130k more expensive than the average property in NW2.
18B, Melrose Avenue, London has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 20 Jun 2019.
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 18B, Melrose Avenue, London is Willesden Green station which is 400 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 18B, Melrose Avenue, London, 48.9% of property is privately rented and 21.4% 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 18B, Melrose Avenue, London, 14.6% of residents are recorded as possessing school level qualifications and 58.7% 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 18B, Melrose Avenue, London, the average age was 38.3 and the most common age was 27.
The graph below shows how this compares to Greater London 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 18B, Melrose Avenue, London, 0.4% of property was a second home.
Comparison figures for Greater London 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 18B, Melrose Avenue, London, there are an average of 0.4 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.