2, Melrose Close
2, Melrose Close
Description & Estimates
Public records show 2, Melrose Close, Newport to be a modern freehold house with 914 ft2 of internal area, sitting on a 215 m2 plot.
In this area, houses of this size normally have 3 bedrooms with a garden.
2, Melrose Close, Newport has an estimated sale value of £345,356 and an estimated rental value of £1,275 per month, assuming reasonable condition and based on the information available.
Melrose Close, Newport, PO30 lies within the PO30 postal district.
Our Data Sources
2, Melrose Close, Newport has a single entry in the Land Registry from October 2017 and a single entry in the EPC database dated April 2017.
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.
Price Range & Condition
In very good condition, we estimate 2, Melrose Close, Newport would be worth £362,624, with a potential rental value of £1,339 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £321,181, with a rental value of £1,186 per month.
The extent to which decoration affects a property's value depends on its type, size and location.
Recent Market Change
The estimated sale value of 2, Melrose Close, Newport has decreased by £10,531 (3.0%) over the last year. During the same period, its estimated monthly rental value has grown by £51 (4.0%). The property's estimated gross yield is currently 4.4%.
Plot Size
2, Melrose Close, Newport occupies a 215 m2 plot as recorded by HM Land Registry.
All 8 other houses in this postcode have recorded plot sizes, and this one ranks as the 7th largest.
Energy Efficiency
2, Melrose Close, Newport has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 01 Apr 2017.
The property is not connected to mains gas and has high performance glazing. It is heated using Boiler and radiators, mains gas.
Sold Prices
2, Melrose Close, Newport last changed hands on 23rd October 2017, selling for £262,000. The transaction was logged as a freehold house by HM Land Registry.
That is its only recorded sale since 1995.
The market for similar properties has risen by 25.0% since October 2017.
- Sold Oct 2017£262,000
Similar Properties Sold Nearby
Land Registry records and our Estate Agent network show 3 sales of comparable properties within 830 metres of 2, Melrose Close, Newport across the last 2 years.
Most recently, 3, Melrose Close, Newport, PO30 1AW, a freehold house, sold at £273,000 on the 9th October 2017.
Read more about house prices in PO30.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
More reading links
Location Comparison
Our analysis of the public data ranks 2, Melrose Close, Newport as the 5th largest and the 5th most expensive of the 8 addresses on Melrose Close, Newport, PO30.
Against the PO30 postcode district average, it is £83k more expensive than the typical property.
More reading links
Schools Nearby
- 700mNine Acres Primary School
- 1.1kmBarton Primary School
- 1.2kmCarisbrooke Church of England Controlled Primary School
- 1.3kmChrist The King College
- 1.7kmCarisbrooke College
- 2.5kmMedina College
More reading links
Public Transport Nearby
Sandown station is the nearest stop to 2, Melrose Close, Newport at 10.0 kilometres away.
- 10.0kmSandown
- 10.0kmSmallbrook Junction
- 10.2kmShanklin
Available Internet Speeds
Ofcom's latest figures show superfast broadband available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
Risk of Flooding
Environment Agency data suggests this area has a very low risk of flooding.
