As updated by Imagine in Dec 2018, Lower Flat, 99, Melbourne Road, Bushey is a early-century leasehold apartment with 392 ft2 of internal area comprising 1 bedroom with a garden.
There are 161 years remaining on the lease.
The apartment is in 99, 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 Lower Flat 99 Melbourne Road Bushey as £219,814 and the rental value as £1,092 per month giving an expected gross yield of 6%.
Imagine described the decorative condition as fair in Dec 2018.
Over the last 12 months the sale value of Lower Flat 99 Melbourne Road Bushey has decreased by £42 (0.0%) and its rental value has increased by £58 per month (5.3%).
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 Lower Flat, 99, Melbourne Road, Bushey is in very good condition we estimate a sale value of £230,805 and rental value of £1,147 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £204,427 and a rental value of £1,016 per month.
If you were able to purchase this property for the estimated value of £219,814, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,080 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, Lower Flat, 99, Melbourne Road, Bushey was last sold on 19 Dec 2014 for £175,000 and was recorded as a leasehold flat.
The property has had 4 sales since 1995.
Since Dec 2014, the market for similar properties has risen 17.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Lower Flat, 99, Melbourne Road, Bushey within a radius of 484m over the last 2 years.
The most recent example is 13, Mortimer Close, Bushey, WD23 4UH, a Leasehold flat which sold for £230,000 in Apr 2023.
Read more about house prices in WD23.
Our network of Estate Agents report 3 lets of properties similar to Lower Flat, 99, Melbourne Road, Bushey within a radius of 434m 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, Lower Flat, 99, Melbourne Road, Bushey is the 169th largest and the 169th most expensive property on the street.
When compared to the postcode district it is £360k less expensive than the average property in WD23.
Lower Flat, 99, Melbourne Road, Bushey has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 02 Nov 2011.
The property is connected to mains gas and has mostly double glazing. It is heated using a boiler and radiators.
The closest station to Lower Flat, 99, 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 Lower Flat, 99, 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 Lower Flat, 99, 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 Lower Flat, 99, 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 Lower Flat, 99, 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 Lower Flat, 99, 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.