As updated by Imagine in Jan 2018, Flat 4, 101, Melbourne Road, Bushey is a mid-century leasehold apartment with 495 ft2 of internal area comprising 1 bedroom .
There are 154 years remaining on the lease.
The apartment is in 101, Melbourne Road, Bushey, WD23.
Melbourne Road, Bushey, WD23 is located in the borough of Hertsmere within the WD23 postal district.
Based on both the data supplied by Imagine and the public information available in the area, we estimate the current sale value for Flat 4 101 Melbourne Road Bushey as £229,974 and the rental value as £1,142 per month giving an expected gross yield of 6%.
Imagine described the decorative condition as fair in Jan 2018.
Over the last 12 months the sale value of Flat 4 101 Melbourne Road Bushey has decreased by £271 (0.1%) and its rental value has increased by £59 per month (5.2%).
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 4, 101, Melbourne Road, Bushey is in very good condition we estimate a sale value of £241,473 and rental value of £1,199 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £213,876 and a rental value of £1,062 per month.
If you were able to purchase this property for the estimated value of £229,974, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,130 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 4, 101, Melbourne Road, Bushey was last sold on 05 Oct 2016 for £240,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Oct 2016, the market for similar properties has dropped 5.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 4, 101, Melbourne Road, Bushey within a radius of 461m over the last 2 years.
The most recent example is 11, Meadowcroft, Bushey, WD23 3BX, a Leasehold flat which sold for £135,000 in Jun 2024.
Read more about house prices in WD23.
Our network of Estate Agents report 3 lets of properties similar to Flat 4, 101, Melbourne Road, Bushey within a radius of 475m over the last 2 years.
Most recently 21, Mortimer Close, Bushey, WD23 4UH, a Leasehold flat let by Imagine for an undisclosed amount in Nov 2023.
Melbourne Road, Bushey, WD23 has a total of 171 addresses. According to our analysis of all the public data, Flat 4, 101, Melbourne Road, Bushey is the 145th largest and the 166th most expensive property on the street.
When compared to the postcode district it is £349k less expensive than the average property in WD23.
Flat 4, 101, Melbourne Road, Bushey has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 11 Aug 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 Flat 4, 101, Melbourne Road, Bushey is Bushey station which is 1.8 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 Flat 4, 101, Melbourne Road, Bushey, 52.3% of property is privately owned with a mortgage and 37.5% is privately owned outright.
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 4, 101, Melbourne Road, Bushey, 23.7% of residents are recorded as possessing school level qualifications and 46.8% 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 4, 101, Melbourne Road, Bushey, the average age was 41 and the most common age was 42.
The graph below shows how this compares to East of England 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 4, 101, Melbourne Road, Bushey, 0.0% of property was a second home.
Comparison figures for East of England 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 4, 101, Melbourne Road, Bushey, there are an average of 1.5 cars per household.
See below for how this compares to East of England and the rest of England & Wales.