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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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14, Melrose Walk, Penarth is recorded publicly as a modern freehold house across 1,636 ft2 of internal area.
Locally, houses of this size normally have 4 bedrooms with a garden.
Our estimate of the sale value of 14, Melrose Walk, Penarth is £514,690 and its rental estimate is £2,430 per month, given the available information and assuming reasonable condition.
Melrose Walk, Sully, Penarth, CF64 falls within the CF64 postal district.
14, Melrose Walk, Penarth has a single entry in the Land Registry from May 2023 and a single entry in the EPC database dated September 2022.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 5 out of 5 and is considered of high accuracy.
The condition of a property plays an important role in determining its value, with the degree of impact varying by property type, size and location.
For 14, Melrose Walk, Penarth, we estimate a market value of £540,425 and a rental value of £2,551 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £478,662 and £2,259 per month respectively.
Over the last year, 14, Melrose Walk, Penarth has seen its estimated sale value rise by £1,213 (0.2%) and its estimated rental value move up by £87 per month (3.6%). This results in an estimated gross rental yield of 5.7%.
14, Melrose Walk, Penarth has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 16 Sep 2022.
The property is not connected to mains gas and has high performance glazing. It is heated using Boiler and radiators, mains gas.
The most recent sale of 14, Melrose Walk, Penarth completed on 5th May 2023 at £484,995 and was recorded by HM Land Registry as a freehold house.
Since 1995 this is the property's only sale.
Values of comparable properties have risen by 6.8% over the period since May 2023.
Over the past 2 years 3 properties similar to 14, Melrose Walk, Penarth have sold within a radius of 2.0 kilometres, per the Land Registry and our network of Estate Agents.
The latest, on the 22nd April 2024, was 2, Beechwood Road, Penarth, CF64 5WQ, a freehold house which sold for £623,000.
Read more about house prices in CF64.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Of the 55 addresses on Melrose Walk, Sully, Penarth, CF64, 14, Melrose Walk, Penarth comes out as the 6th largest and the 6th most expensive in our analysis of the public data.
It is also £114k more expensive than the average property across the CF64 district.
From 14, Melrose Walk, Penarth, the nearest station is Dinas Powys, 2.5 kilometres away.
The flood risk here is rated very low, based on Environment Agency data.
The recent census recorded whether a resident owned or rented their home.
In the area around 14, Melrose Walk, 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 14, Melrose Walk, 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 14, Melrose Walk, 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 14, Melrose Walk, 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 14, Melrose Walk, 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.
