According to the public record, 2B, Canon Square, Melksham is a period leasehold apartment and with 688 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in 2, Canon Square, Melksham, SN12.
Canon Square, Melksham, SN12 is located within the SN12 postal district.
2B, Canon Square, Melksham has 21 entries in the Land Registry database, most recently in November 2015 and a single entry in the EPC database dated May 2015.
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 2B Canon Square Melksham as £174,743 and the rental value as £696 per month giving an expected gross yield of 4.8%.
Over the last 12 months the sale value of 2B Canon Square Melksham has increased by £6,207 (3.6%) and its rental value has increased by £42 per month (6.0%).
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 2B, Canon Square, Melksham is in very good condition we estimate a sale value of £183,480 and rental value of £731 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £162,511 and a rental value of £647 per month.
If you were able to purchase this property for the estimated value of £174,743, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £859 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, 2B, Canon Square, Melksham was last sold on 06 Nov 2015 for £125,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Nov 2015, the market for similar properties has risen 31.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2B, Canon Square, Melksham within a radius of 51m over the last 2 years.
The most recent example is Court View, Brounker House, Canons Court, Melksham, SN12 6US, a Leasehold flat which sold for £160,000 in Oct 2023.
Read more about house prices in SN12.
Canon Square, Melksham, SN12 has a total of 33 addresses. According to our analysis of all the public data, 2B, Canon Square, Melksham is the 17th largest and the 27th most expensive property on the street.
When compared to the postcode district it is £137k less expensive than the average property in SN12.
2B, Canon Square, Melksham has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 12 May 2015.
The property is not connected to mains gas and has partial secondary glazing. It is heated using electric storage heaters.
The closest station to 2B, Canon Square, 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 2B, Canon Square, Melksham, 39.3% of property is privately owned outright and 35.5% 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 2B, Canon Square, Melksham, 8.6% of residents are recorded as possessing school level qualifications and 38.3% 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 2B, Canon Square, 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 2B, Canon Square, Melksham, 3.7% 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 2B, Canon Square, Melksham, there are an average of 1.2 cars per household.
See below for how this compares to South West and the rest of England & Wales.