According to the public record, 8G, Melrose Avenue, West Bromwich is a early-century house with 688 ft2 of internal area and sits on a 118 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Melrose Avenue, West Bromwich, B71 is located in the borough of Sandwell within the B71 postal district.
8G, Melrose Avenue, West Bromwich has no records in the Land Registry database and no records in the EPC database.
We combine this information with public data 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 8G Melrose Avenue West Bromwich as £204,038 and the rental value as £1,027 per month giving an expected gross yield of 6%.
Over the last 12 months the sale value of 8G Melrose Avenue West Bromwich has increased by £3,987 (2.0%) and its rental value has increased by £43 per month (4.2%).
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 8G, Melrose Avenue, West Bromwich is in very good condition we estimate a sale value of £214,240 and rental value of £1,079 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £189,756 and a rental value of £955 per month.
If you were able to purchase this property for the estimated value of £204,038, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,003 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, 8G, Melrose Avenue, West Bromwich sits on a plot of 118m2.
We have plot size data on 15 out of 19 other houses in the postcode and 8G, Melrose Avenue, West Bromwich sits on the 13th largest plot.
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 8G, Melrose Avenue, West Bromwich within a radius of 229m over the last 2 years.
The most recent example is 8H, Melrose Avenue, West Bromwich, B71 2LW, a Freehold house which sold for £205,000 in Jun 2023.
Read more about house prices in B71.
Melrose Avenue, West Bromwich, B71 has a total of 27 addresses. According to our analysis of all the public data, 8G, Melrose Avenue, West Bromwich is the 22nd largest and the 26th most expensive property on the street.
When compared to the postcode district it is £11k more expensive than the average property in B71.
8G, Melrose Avenue, West Bromwich has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 17 Jul 2021.
The property is not connected to mains gas and has high performance glazing. It is heated using a boiler and radiators.
The closest station to 8G, Melrose Avenue, West Bromwich is Tame Bridge Parkway station which is 1.4 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 8G, Melrose Avenue, West Bromwich, 34.1% of property is socially rented and 31.8% 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 8G, Melrose Avenue, West Bromwich, 24.3% of residents are recorded as possessing school level qualifications and 18.1% 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 8G, Melrose Avenue, West Bromwich, the average age was 37.5 and the most common age was 12.
The graph below shows how this compares to West Midlands 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 8G, Melrose Avenue, West Bromwich, 0.7% of property was a second home.
Comparison figures for West Midlands 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 8G, Melrose Avenue, West Bromwich, there are an average of 1.1 cars per household.
See below for how this compares to West Midlands and the rest of England & Wales.