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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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23, Melrose Avenue, Stourbridge is recorded publicly as a mid-century freehold house across 1,991 ft2 of internal area, sitting on a 560 m2 plot.
Locally, houses of this size normally have 5 bedrooms with a garden.
Our estimate of the sale value of 23, Melrose Avenue, Stourbridge is £718,926 and its rental estimate is £1,810 per month, given the available information and assuming reasonable condition.
Melrose Avenue, Stourbridge, DY8 falls within the DY8 postal district, in the borough of Dudley.
23, Melrose Avenue, Stourbridge has a single entry in the Land Registry from November 2019 and a single entry in the EPC database dated June 2019.
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 23, Melrose Avenue, Stourbridge, we estimate a market value of £754,872 and a rental value of £1,900 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £668,601 and £1,683 per month respectively.
Over the last year, 23, Melrose Avenue, Stourbridge has seen its estimated sale value decline by £13,951 (1.9%) and its estimated rental value climb by £32 per month (1.8%). This results in an estimated gross rental yield of 3.0%.
HM Land Registry records the plot of land for 23, Melrose Avenue, Stourbridge as measuring 560 m2.
That makes it the 28th largest plot in the postcode, where 66 of the 67 other houses have recorded plot data.
23, Melrose Avenue, Stourbridge has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 28 Jun 2019.
The property is connected to mains gas and has some double glazing. It is heated using Boiler and radiators, mains gas.
The most recent sale of 23, Melrose Avenue, Stourbridge completed on 22nd November 2019 at £550,000 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 dropped by 38.9% over the period since November 2019.
Over the past 2 years 3 properties similar to 23, Melrose Avenue, Stourbridge have sold within a radius of 820 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 12th October 2023, was 19, Melrose Avenue, Stourbridge, DY8 2LE, a freehold house which sold for £695,000.
Read more about house prices in DY8.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Of the 67 addresses on Melrose Avenue, Stourbridge, DY8, 23, Melrose Avenue, Stourbridge comes out as the 5th largest and the 5th most expensive in our analysis of the public data.
It is also £417k more expensive than the average property across the DY8 district.
From 23, Melrose Avenue, Stourbridge, the nearest station is Stourbridge Junction, 1.1 kilometres away.
Broadband here reaches ultrafast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Ultrafast broadband is available in the area.
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 23, 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 23, 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 23, 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 23, 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 23, 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.
