According to the public record, 71G, School Lane, Melksham is a modern freehold house and with 1,528 ft2 of internal area and sits on a 956 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
School Lane, Shaw, Melksham, SN12 is located within the SN12 postal district.
71G, School Lane, Melksham has a single entry in the Land Registry database from May 2023 and 4 entries in the EPC database, most recently in October 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 71G School Lane Melksham as £563,168 and the rental value as £1,515 per month giving an expected gross yield of 3.2%.
Over the last 12 months the sale value of 71G School Lane Melksham has increased by £3,718 (0.7%) and its rental value has increased by £61 per month (4.0%).
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 71G, School Lane, Melksham is in very good condition we estimate a sale value of £591,326 and rental value of £1,591 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £523,746 and a rental value of £1,409 per month.
If you were able to purchase this property for the estimated value of £563,168, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,768 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, 71G, School Lane, Melksham sits on a plot of 956m2.
We have plot size data on 8 out of 11 other houses in the postcode and 71G, School Lane, Melksham sits on the largest plot.
According to HM Land Registry, 71G, School Lane, Melksham was last sold on 05 May 2023 for £542,500 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since May 2023, the market for similar properties has risen 0.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 71G, School Lane, Melksham within a radius of 77m over the last 2 years.
The most recent example is 5, Beeches Green, Melksham, SN12 8JD, a Freehold house which sold for £550,000 in Dec 2023.
Read more about house prices in SN12.
School Lane, Shaw, Melksham, SN12 has a total of 15 addresses. According to our analysis of all the public data, 71G, School Lane, Melksham is the 4th largest and the 4th most expensive property on the street.
When compared to the postcode district it is £251k more expensive than the average property in SN12.
71G, School Lane, Melksham has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 14 Oct 2015.
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 71G, School Lane, Melksham is Melksham station which is 1.7 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 71G, School Lane, Melksham, 70.1% of property is privately owned outright and 22.6% 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 71G, School Lane, Melksham, 10.1% of residents are recorded as possessing school level qualifications and 39.1% 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 71G, School 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 71G, School Lane, Melksham, 4.2% 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 71G, School 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.