According to the public record, Flat 1, 46, Melgund Road, London is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a period apartment with 659 ft2 of internal area and a garden.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in 46, Melgund Road, London, N5.
Melgund Road, London, N5 is located in the borough of Islington within the N5 postal district.
Flat 1, 46, Melgund Road, London has a single entry in the Land Registry database from March 2024 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 Flat 1 46 Melgund Road London as £856,204 and the rental value as £3,335 per month giving an expected gross yield of 4.7%.
Over the last 12 months the sale value of Flat 1 46 Melgund Road London has increased by £18,294 (2.1%) and its rental value has increased by £241 per month (7.2%).
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 Flat 1, 46, Melgund Road, London is in very good condition we estimate a sale value of £899,015 and rental value of £3,502 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £796,270 and a rental value of £3,102 per month.
If you were able to purchase this property for the estimated value of £856,204, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £4,208 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, Flat 1, 46, Melgund Road, London was last sold on 27 Mar 2024 for £625,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Mar 2024, the market for similar properties has risen 0.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 1, 46, Melgund Road, London within a radius of 122m over the last 2 years.
The most recent example is 63A , Ronalds Road, London, N5 1XF, a Leasehold flat which sold for £598,500 in Jul 2022.
Read more about house prices in N5.
Our network of Estate Agents report 1 let within a 288m radius of Flat 1, 46, Melgund Road, London over the last 2 years.
Most recently Flat 3, 15-19 , Benwell Road, London, N7 7BL, a Leasehold flat let by Fine Living for an undisclosed amount in Jul 2020.
Melgund Road, London, N5 has a total of 67 addresses. According to our analysis of all the public data, Flat 1, 46, Melgund Road, London is the 43rd largest and the 41st most expensive property on the street.
When compared to the postcode district it is £39k more expensive than the average property in N5.
The closest station to Flat 1, 46, Melgund Road, London is Drayton Park 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 Flat 1, 46, Melgund Road, London, 30.9% of property is privately rented and 30.2% 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 Flat 1, 46, Melgund Road, London, 18.4% of residents are recorded as possessing school level qualifications and 74.7% 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 Flat 1, 46, Melgund Road, London, the average age was 36.6 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 Flat 1, 46, Melgund Road, London, 2.5% 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 Flat 1, 46, Melgund Road, London, there are an average of 0.5 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.