Melbourne Road - WD23 3LY
Key Postcode Insights
WD23 3LY is a residential postcode situated on Melbourne Road, Bushey, WD23 with 10 addresses.
It ranks as the 246th largest and 239th most expensive of the 696 postcodes in the WD23 area. The most common property type is a early-century house built between 1912 and 1935.
The postcode contains a total of 10 properties: 10 houses.
- Ave. Sale Price
- £481,581
- 10 Year change
- up 14.1%
- Ave. Rental Price
- £2,255pcm
- 10 Year change
- up 47.4%
- Ave. £ per ft²
- £560/ft²
- Ave. Gross Yield
- 5.6%/year/yr
Key Postcode Insights
WD23 3LY is a residential postcode situated on Melbourne Road, Bushey, WD23 with 10 addresses.
It ranks as the 246th largest and 239th most expensive of the 696 postcodes in the WD23 area. The most common property type is a early-century house built between 1912 and 1935.
The postcode contains a total of 10 properties: 10 houses.
- Ave. Sale Price
- £481,581
- 10 Year change
- up 14.1%
- Ave. Rental Price
- £2,255pcm
- 10 Year change
- up 47.4%
- Ave. £ per ft²
- £560/ft²
- Ave. Gross Yield
- 5.6%/year/yr
Explore Propertiesin WD23 3LY
- 54A Melbourne Road
3 Bed Modern House
- 54 Melbourne Road
3 Bed Early-century House
- 56 Melbourne Road
3 Bed Early-century House
- 58 Melbourne Road
3 Bed Early-century House
- 60 Melbourne Road
House
Sales Market Trends
The last sale in WD23 3LY sold for £460,000 on 4th April 2023. Since then prices are down an average of 0.6%.
The current average value in the postcode is £481,581.
The WD23 3LY Sales Market has increased by 14.1% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | -0.5% | £481,581 |
| June 2025 | 3.3% | £483,849 |
| June 2024 | -2.4% | £468,555 |
| June 2023 | -1.1% | £479,908 |
| June 2022 | 9.8% | £485,095 |
| June 2021 | 3.8% | £441,898 |
| June 2020 | 2.5% | £425,686 |
| June 2019 | -3.7% | £415,317 |
| June 2018 | -0.6% | £431,066 |
| June 2017 | 2.7% | £433,498 |
| June 2016 | 12.9% | £422,090 |
| June 2015 | 12.2% | £373,966 |
| June 2014 | 17.3% | £333,274 |
| June 2013 | 1.7% | £284,127 |
| June 2012 | 5.7% | £279,457 |
| June 2011 | 1.5% | £264,370 |
| June 2010 | 9.9% | £260,355 |
| June 2009 | -10.5% | £236,906 |
| June 2008 | 2% | £264,556 |
| June 2007 | 0% | £259,387 |
Rental Market Trends
The current average rental value in the postcode is £2,255.
The WD23 3LY Rental Market has increased by 47.4% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | 2.9% | £2,255pcm |
| June 2025 | 2.9% | £2,192pcm |
| June 2024 | 7.2% | £2,129pcm |
| June 2023 | 10.8% | £1,985pcm |
| June 2022 | 8.4% | £1,792pcm |
| June 2021 | 7.9% | £1,653pcm |
| June 2020 | -1.2% | £1,533pcm |
| June 2019 | -1% | £1,551pcm |
| June 2018 | 2.2% | £1,567pcm |
| June 2017 | 0.1% | £1,533pcm |
| June 2016 | 3.9% | £1,531pcm |
| June 2015 | 9.2% | £1,474pcm |
| June 2014 | 4.4% | £1,349pcm |
| June 2013 | 3% | £1,292pcm |
| June 2012 | 6.1% | £1,254pcm |
| June 2011 | 5.6% | £1,183pcm |
| June 2010 | 11% | £1,120pcm |
| June 2009 | -8.3% | £1,009pcm |
| June 2008 | 4.7% | £1,101pcm |
| June 2007 | 0% | £1,052pcm |
Sales History
The last sale was on 4th April 2023 for £460,000 and since then the market in the area has decreased by 0.6%. The postcode has had a total of 8 sales since 1995.
WD23 3LY has seen 1 sale in the last three years and no sales in the last twelve months.
- Sold Apr 2023£460,000 | 3 Bed House66, Melbourne Road, Bushey, WD23 3LY66, Melbourne Road, Bushey, WD23 3LY
- Sold Sep 2018£415,000 | 3 Bed House62, Melbourne Road, Bushey, WD23 3LY62, Melbourne Road, Bushey, WD23 3LY
- Sold Dec 2006£240,000 | 3 Bed House66, Melbourne Road, Bushey, WD23 3LY66, Melbourne Road, Bushey, WD23 3LY
- Sold Jul 2006£239,000 | 3 Bed House68, Melbourne Road, Bushey, WD23 3LY68, Melbourne Road, Bushey, WD23 3LY
- Sold Dec 2005£208,000 | 3 Bed House68, Melbourne Road, Bushey, WD23 3LY68, Melbourne Road, Bushey, WD23 3LY
Nearby Postcodes
WD23 3LY is the 246th largest and the 239th most expensive postcode out of the 696 postcodes in the WD23 area.
- WD23 3LT, Melbourne Road, Bushey, WD23WD23 3LT11 Addresses|35 m away
- WD23 4NS, Coldharbour Lane, Bushey, WD23WD23 4NS14 Addresses|57 m away
- WD23 3LR, Herne Road, Bushey, WD23WD23 3LR15 Addresses|76 m away
- WD23 3JT, Herkomer Road, Bushey, WD23WD23 3JT12 Addresses|99 m away
- WD23 3LP, Herne Road, Bushey, WD23WD23 3LP15 Addresses|103 m away
Property Types
- 1 modern house built after 1980
- 5 early-century houses built between 1912 and 1935
- 4 other addresses of unknown type
- modern house (1)
- early-century house (5)
- Unknown (4)
Energy Efficiency
- Energy Performance Certificate (EPC) surveys conducted for 6 properties.
- The most common rating is C.
- A (0)
- E (0)
- B (1)
- F (0)
- C (3)
- G (0)
- D (2)
- No EPC (4)
Top 3 Most Expensive Sales
- Sold May 2016£2,568,000 | 2 Bed FlatFlat 1, 16, Melbourne Road, Bushey, WD23 3LNFlat 1, 16, Melbourne Road, Bushey, WD23 3LN
- Sold Sep 2021£1,900,000 | 2 Bed FlatFlat 1, 16, Melbourne Road, Bushey, WD23 3LNFlat 1, 16, Melbourne Road, Bushey, WD23 3LN
- Sold Sep 2020£815,000 | 5 Bed House31, Melbourne Road, Bushey, WD23 3LL31, Melbourne Road, Bushey, WD23 3LL
Schools Nearby
- Little Reddings Primary School300 m away
- Bournehall Primary School600 m away
- Ashfield Junior School600 m away
- Bushey Meads School700 m away
- The Grange Academy800 m away
- Queens' School1.7 km away
More reading links
Public Transport Nearby
The closest station to WD23 3LY is Bushey station, which is 1.9 kilometres away.
- Bushey|1.9 km away
- Watford High Street|2.5 km away
- Carpenders Park|2.6 km away
