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Melbourne Chase is a residential street with 9 addresses.
It ranks as the 93rd largest and 365th most expensive of the 496 streets in the CO2 area. The dominant property type is a mid-century house built between 1936 and 1979.
The street contains a total of 9 properties: 9 houses.
Melbourne Chase is a residential street with 9 addresses.
It ranks as the 93rd largest and 365th most expensive of the 496 streets in the CO2 area. The dominant property type is a mid-century house built between 1936 and 1979.
The street contains a total of 9 properties: 9 houses.
Sale prices range from £300,165 for 3 bedroom freehold houses with a garden (990 ft2) to £376,133 for 4 bedroom freehold houses with a garden (1,485 ft2) .
Monthly rental prices range from £1,627 pcm for 3 bed houses to £2,014 pcm for 4 bed houses.
The gross rental yield is between 6.4% and 6.5%.
The average value per square foot is £278.
The last sale on Melbourne Chase sold for £280,000 on 30th August 2018. Since then prices are up an average of 17.7%.
The current average value in the street is £335,779.
The Melbourne Chase Sales Market has increased by 30.7% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| May 2026 | -1.5% | £335,779 |
| May 2025 | 2.5% | £340,897 |
| May 2024 | -2.9% | £332,598 |
| May 2023 | 4.9% | £342,705 |
| May 2022 | 9.7% | £326,832 |
| May 2021 | 4.7% | £297,911 |
| May 2020 | -0.3% | £284,540 |
| May 2019 | -0.8% | £285,492 |
| May 2018 | 2.3% | £287,885 |
| May 2017 | 9.6% | £281,528 |
| May 2016 | 13.1% | £256,854 |
| May 2015 | 7.2% | £227,047 |
| May 2014 | 8.1% | £211,766 |
| May 2013 | 0.4% | £195,902 |
| May 2012 | 2.8% | £195,066 |
| May 2011 | -1.5% | £189,836 |
| May 2010 | 11.3% | £192,635 |
| May 2009 | -14% | £173,149 |
| May 2008 | -3.9% | £201,276 |
| May 2007 | 0% | £209,379 |
The current average rental value in the street is £1,809.
The Melbourne Chase Rental Market has increased by 64.5% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| May 2026 | 2.2% | £1,809pcm |
| May 2025 | 5.3% | £1,770pcm |
| May 2024 | 5.6% | £1,682pcm |
| May 2023 | 8.2% | £1,593pcm |
| May 2022 | 12.6% | £1,473pcm |
| May 2021 | 9.6% | £1,308pcm |
| May 2020 | 1.8% | £1,193pcm |
| May 2019 | 0.3% | £1,172pcm |
| May 2018 | 1% | £1,168pcm |
| May 2017 | 5.2% | £1,157pcm |
| May 2016 | 5.4% | £1,100pcm |
| May 2015 | 4.6% | £1,044pcm |
| May 2014 | 2.2% | £998pcm |
| May 2013 | 0.2% | £977pcm |
| May 2012 | 2.8% | £975pcm |
| May 2011 | 4.1% | £948pcm |
| May 2010 | 6.2% | £911pcm |
| May 2009 | -7.2% | £858pcm |
| May 2008 | 1.7% | £924pcm |
| May 2007 | 0% | £909pcm |
The last sale was on 30th August 2018 for £280,000 and since then the market in the area has increased by 17.7%. The street has had a total of 16 sales since 1995.
Melbourne Chase, Colchester, CO2 has seen no sales in the last three years and no sales in the last twelve months.
Melbourne Chase, Colchester, CO2 is the 93rd largest and the 365th most expensive street in the CO2 area.
There is 1 postcode on Melbourne Chase, Colchester, CO2.
The closest station to Melbourne Chase, Colchester, CO2 is Colchester Town station which is 2.6 kilometres away.
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The recent census recorded whether a resident owned or rented their home.
In the area around Melbourne Chase, Colchester, CO2, 45.8% of property is privately owned outright and 33.6% is privately owned with a mortgage.
The graph below shows how this compares to East of England 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 Melbourne Chase, Colchester, CO2, 16.0% of residents are recorded as possessing school level qualifications and 22.1% as possessing degree level qualifications.
The graph below shows how this compares to East of England and the rest of England & Wales.
The most recent census in 2021 recorded the age of all UK residents.
In the area around Melbourne Chase, Colchester, CO2, the average age was 37.2 and the most common age was 32.
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 Melbourne Chase, Colchester, CO2, 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 Melbourne Chase, Colchester, CO2, there are an average of 1.4 cars per household.
See below for how this compares to East of England and the rest of England & Wales.
According to recent data from Ofcom, superfast broadband is available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.