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Company No. 11113204
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According to the public record, 2, Melrose Avenue, Stourbridge is a mid-century freehold house with 1,926 ft2 of internal area and sits on a 683 m2 plot.
Houses of this size in this area normally have 5 bedrooms with a garden.
Based on available information, and assuming reasonable condition, the estimated sale value for 2, Melrose Avenue, Stourbridge is £705,756 and the estimated rental value is £1,776 per month.
Melrose Avenue, Stourbridge, DY8 is located in the borough of Dudley within the DY8 postal district.
2, Melrose Avenue, Stourbridge has a single entry in the Land Registry from May 2013 and a single entry in the EPC database dated September 2012.
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, Melrose Avenue, Stourbridge is in very good condition we estimate a sale value of £741,044 and a rental value of £1,865 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £656,353 and a rental value of £1,652 per month.
Over the last 12 months the sale value of 2 Melrose Avenue Stourbridge has decreased by an estimated £13,695 (1.9%) and its rental value has increased by an estimated £32 per month (1.8%), giving an expected gross yield of 3%.
According to data from HM Land Registry, 2, Melrose Avenue, Stourbridge sits on a plot of 683m2.
We have plot size data on 66 out of 67 other houses in the postcode and 2, Melrose Avenue, Stourbridge sits on the 10th largest plot.
2, Melrose Avenue, Stourbridge has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 14 Sep 2012.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
According to HM Land Registry, 2, Melrose Avenue, Stourbridge was last sold on 7th May 2013 for £355,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since May 2013, the market for similar properties has dropped 20.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2, Melrose Avenue, Stourbridge within a radius of 740 metres over the last 2 years.
The most recent example is 19, Melrose Avenue, Stourbridge, DY8 2LE, a freehold house which sold for £695,000 on the 12th October 2023.
Read more about house prices in DY8.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Melrose Avenue, Stourbridge, DY8 has a total of 67 addresses. According to our analysis of all the public data, 2, Melrose Avenue, Stourbridge is the 12th largest and the 12th most expensive property on the street.
When compared to the postcode district it is £404k more expensive than the average property in DY8.
The closest station to 2, Melrose Avenue, Stourbridge is Stourbridge Junction station which is 1.1 kilometres away.
According to recent data from Ofcom, ultrafast broadband is available in this area.
According to recent data from Ofcom, Ultrafast 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.
The recent census recorded whether a resident owned or rented their home.
In the area around 2, Melrose Avenue, Stourbridge, 64.7% of property is privately owned outright and 33.6% is privately owned with a mortgage.
The graph below shows how this compares to West Midlands 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, Melrose Avenue, Stourbridge, 18.3% of residents are recorded as possessing school level qualifications and 52.0% as possessing degree level qualifications.
The graph below shows how this compares to West Midlands and the rest of England & Wales.
The most recent census in 2021 recorded the age of all UK residents.
In the area around 2, Melrose Avenue, Stourbridge, the average age was 48.2 and the most common age was 72.
The graph below shows how this compares to West Midlands 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, Melrose Avenue, Stourbridge, 1.7% of property was a second home.
Comparison figures for West Midlands 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, Melrose Avenue, Stourbridge, there are an average of 1.9 cars per household.
See below for how this compares to West Midlands and the rest of England & Wales.
