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Bricks&Logic is a trading name of Urban Markets Ltd
Company No. 11113204
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VAT No. GB 287 0845 68
Registered Address: 2 Leman St, London E1 8FA
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According to the public record, 1, Melrose Close, Penarth is a modern freehold house with 1,636 ft2 of internal area.
Houses of this size in this area normally have 4 bedrooms with a garden.
Based on available information, and assuming reasonable condition, the estimated sale value for 1, Melrose Close, Penarth is £544,833 and the estimated rental value is £2,484 per month.
Melrose Close, Sully, Penarth, CF64 is located within the CF64 postal district.
1, Melrose Close, Penarth has a single entry in the Land Registry from August 2022 and a single entry in the EPC database dated July 2022.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 2 out of 5 and is considered of medium accuracy.
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 1, Melrose Close, Penarth is in very good condition we estimate a sale value of £572,075 and a rental value of £2,608 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £506,695 and a rental value of £2,310 per month.
Over the last 12 months the sale value of 1 Melrose Close Penarth has increased by an estimated £648 (0.1%) and its rental value has increased by an estimated £107 per month (4.3%), giving an expected gross yield of 5.5%.
1, Melrose Close, Penarth has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 14 Jul 2022.
The property is not connected to mains gas and has high performance glazing. It is heated using Boiler and radiators, mains gas.
According to HM Land Registry, 1, Melrose Close, Penarth was last sold on 4th August 2022 for £321,995 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since August 2022, the market for similar properties has risen 8.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 1, Melrose Close, Penarth within a radius of 2.0 kilometres over the last 2 years.
The most recent example is 14, Melrose Walk, Penarth, CF64 5WD, a freehold house which sold for £484,995 on the 5th May 2023.
Read more about house prices in CF64.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Melrose Close, Sully, Penarth, CF64 has a total of 4 addresses. According to our analysis of all the public data, 1, Melrose Close, Penarth is the 2nd largest and the 2nd most expensive property on the street.
When compared to the postcode district it is £142k more expensive than the average property in CF64.
The closest station to 1, Melrose Close, Penarth is Dinas Powys station which is 2.4 kilometres 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 1, Melrose Close, Penarth, 44.6% of property is privately owned with a mortgage and 31.5% is privately owned outright.
The graph below shows how this compares to Wales 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 1, Melrose Close, Penarth, 19.2% of residents are recorded as possessing school level qualifications and 41.0% as possessing degree level qualifications.
The graph below shows how this compares to Wales and the rest of England & Wales.
The most recent census in 2021 recorded the age of all UK residents.
In the area around 1, Melrose Close, Penarth, the average age was 44.6 and the most common age was 57.
The graph below shows how this compares to Wales 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 1, Melrose Close, Penarth, 0.7% of property was a second home.
Comparison figures for Wales 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 1, Melrose Close, Penarth, there are an average of 1.6 cars per household.
See below for how this compares to Wales and the rest of England & Wales.
