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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, 3, Melin Drive, Truro is a modern freehold house with 1,980 ft2 of internal area and sits on a 502 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 3, Melin Drive, Truro is £777,609 and the estimated rental value is £2,023 per month.
Melin Drive, Truro, TR1 is located within the TR1 postal district.
3, Melin Drive, Truro has a single entry in the Land Registry from February 2021 and a single entry in the EPC database dated August 2020.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 1 out of 5 and is considered of low 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 3, Melin Drive, Truro is in very good condition we estimate a sale value of £816,490 and a rental value of £2,124 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £723,177 and a rental value of £1,881 per month.
Over the last 12 months the sale value of 3 Melin Drive Truro has decreased by an estimated £48,243 (6.2%) and its rental value has increased by an estimated £28 per month (1.4%), giving an expected gross yield of 3.1%.
According to data from HM Land Registry, 3, Melin Drive, Truro sits on a plot of 502m2.
We have plot size data on 5 out of 5 other houses in the postcode and 3, Melin Drive, Truro sits on the 5th largest plot.
3, Melin Drive, Truro has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 06 Aug 2020.
The property is not connected to mains gas and has high performance glazing. It is heated using Boiler and underfloor heating, mains gas.
According to HM Land Registry, 3, Melin Drive, Truro was last sold on 26th February 2021 for £690,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since February 2021, the market for similar properties has dropped 7.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 3, Melin Drive, Truro within a radius of 1.1 kilometres over the last 2 years.
The most recent example is 1, Melin Drive, Truro, TR1 3FU, a freehold house which sold for £870,000 on the 30th May 2024.
Read more about house prices in TR1.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Melin Drive, Truro, TR1 has a total of 5 addresses. According to our analysis of all the public data, 3, Melin Drive, Truro is the 3rd largest and the 5th most expensive property on the street.
When compared to the postcode district it is £460k more expensive than the average property in TR1.
The closest station to 3, Melin Drive, Truro is Truro station which is 800 metres 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 3, Melin Drive, Truro, 82.9% of property is privately owned outright and 9.8% is privately rented.
The graph below shows how this compares to South West 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 3, Melin Drive, Truro, 3.9% of residents are recorded as possessing school level qualifications and 25.4% as possessing degree level qualifications.
The graph below shows how this compares to South West and the rest of England & Wales.
The most recent census in 2021 recorded the age of all UK residents.
In the area around 3, Melin Drive, Truro, the average age was 42.5 and the most common age was 32.
The graph below shows how this compares to South West 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 3, Melin Drive, Truro, 0.0% of property was a second home.
Comparison figures for South West 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 3, Melin Drive, Truro, there are an average of 1.2 cars per household.
See below for how this compares to South West and the rest of England & Wales.
