According to the public record, 514D, Shails Lane, Melksham is a mid-century freehold house and with 1,431 ft2 of internal area and sits on a 738 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
Shails Lane, Melksham, SN12 is located within the SN12 postal district.
514D, Shails Lane, Melksham has a single entry in the Land Registry database from September 2016 and 2 entries in the EPC database, most recently in March 2020.
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 514D Shails Lane Melksham as £374,390 and the rental value as £1,413 per month giving an expected gross yield of 4.5%.
Over the last 12 months the sale value of 514D Shails Lane Melksham has increased by £6,891 (1.8%) and its rental value has increased by £61 per month (4.3%).
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 514D, Shails Lane, Melksham is in very good condition we estimate a sale value of £393,110 and rental value of £1,484 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £348,183 and a rental value of £1,315 per month.
If you were able to purchase this property for the estimated value of £374,390, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,840 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 data from HM Land Registry, 514D, Shails Lane, Melksham sits on a plot of 738m2.
According to HM Land Registry, 514D, Shails Lane, Melksham was last sold on 23 Sep 2016 for £391,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Sep 2016, the market for similar properties has risen 32.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 514D, Shails Lane, Melksham within a radius of 742m over the last 2 years.
The most recent example is 609, Berryfield Lane, Melksham, SN12 6EL, a Freehold house which sold for £365,000 in Jun 2022.
Read more about house prices in SN12.
Shails Lane, Melksham, SN12 has a total of 7 addresses. According to our analysis of all the public data, 514D, Shails Lane, Melksham is the largest and the most expensive property on the street.
When compared to the postcode district it is £63k more expensive than the average property in SN12.
514D, Shails Lane, Melksham has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 03 Mar 2020.
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 514D, Shails Lane, Melksham is Melksham station which is 2.6 km 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 514D, Shails Lane, Melksham, 51.7% of property is privately owned outright and 38.8% 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 514D, Shails Lane, Melksham, 14.5% of residents are recorded as possessing school level qualifications and 23.5% 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 514D, Shails Lane, Melksham, the average age was 42.4 and the most common age was 52.
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 514D, Shails Lane, Melksham, 1.9% 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 514D, Shails Lane, Melksham, there are an average of 1.6 cars per household.
See below for how this compares to South West and the rest of England & Wales.