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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
According to the public record, 2, Hollow Tree Way, Melton Constable is a modern freehold house with 764 ft2 of internal area.
Houses of this size in this area normally have 3 bedrooms with a garden.
Based on available information, and assuming reasonable condition, the estimated sale value for 2, Hollow Tree Way, Melton Constable is £311,388 and the estimated rental value is £1,195 per month.
Hollow Tree Way, Briston, Melton Constable, NR24 is located in the borough of North Norfolk within the NR24 postal district.
2, Hollow Tree Way, Melton Constable has a single entry in the Land Registry from April 2022 and a single entry in the EPC database dated May 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.
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 2, Hollow Tree Way, Melton Constable is in very good condition we estimate a sale value of £326,957 and a rental value of £1,255 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £289,591 and a rental value of £1,111 per month.
Over the last 12 months the sale value of 2 Hollow Tree Way Melton Constable has decreased by an estimated £4,879 (1.6%) and its rental value has increased by an estimated £40 per month (3.3%), giving an expected gross yield of 4.6%.
2, Hollow Tree Way, Melton Constable has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 12 May 2022.
The property is not connected to mains gas and has high performance glazing. It is heated using Air source heat pump, underfloor, electric.
According to HM Land Registry, 2, Hollow Tree Way, Melton Constable was last sold on 28th April 2022 for £335,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since April 2022, the market for similar properties has risen 25.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2, Hollow Tree Way, Melton Constable within a radius of 3.8 kilometres over the last 2 years.
The most recent example is 6, Hollow Tree Way, Melton Constable, NR24 2SA, a freehold house which sold for £250,000 on the 22nd September 2023.
Read more about house prices in NR24.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Hollow Tree Way, Briston, Melton Constable, NR24 has a total of 18 addresses. According to our analysis of all the public data, 2, Hollow Tree Way, Melton Constable is the 10th largest and the 10th most expensive property on the street.
When compared to the postcode district it is £127k less expensive than the average property in NR24.
The closest station to 2, Hollow Tree Way, Melton Constable is Sheringham station which is 14.4 kilometres away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
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The recent census recorded whether a resident owned or rented their home.
In the area around 2, Hollow Tree Way, Melton Constable, 61.2% of property is privately owned outright and 30.0% 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 2, Hollow Tree Way, Melton Constable, 12.5% of residents are recorded as possessing school level qualifications and 29.4% 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 2, Hollow Tree Way, Melton Constable, the average age was 48.1 and the most common age was 72.
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 2, Hollow Tree Way, Melton Constable, 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 2, Hollow Tree Way, Melton Constable, there are an average of 1.7 cars per household.
See below for how this compares to East of England and the rest of England & Wales.
