32, Melody Lane
32, Melody Lane
Description & Estimates
32, Melody Lane is recorded publicly as a modern freehold house across 2,012 ft2 of internal area, sitting on a 256 m2 plot.
Locally, houses of this size normally have 5 bedrooms with a garden.
Our estimate of the sale value of 32, Melody Lane is £2,348,878 and its rental estimate is £9,808 per month, given the available information and assuming reasonable condition.
Melody Lane, London, N5 falls within the N5 postal district, in the borough of Islington.
Our Data Sources
32, Melody Lane has 21 entries in the Land Registry , most recently in May 2022 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 1 out of 5 and is considered of low accuracy.
Price Range & Condition
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 32, Melody Lane, we estimate a market value of £2,466,322 and a rental value of £10,299 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £2,184,456 and £9,122 per month respectively.
Recent Market Change
Over the last year, 32, Melody Lane has seen its estimated sale value decrease by £43,966 (1.9%) and its estimated rental value grow by £635 per month (6.5%). This results in an estimated gross rental yield of 5.0%.
Plot Size
HM Land Registry records the plot of land for 32, Melody Lane as measuring 256 m2.
That makes it the largest plot in the postcode, where 19 of the 21 other houses have recorded plot data.
Energy Efficiency
32, Melody Lane has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 11 Apr 2017.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and underfloor heating, mains gas.
Sold Prices
The most recent sale of 32, Melody Lane completed on 31st May 2022 at £2,310,000 and was recorded by HM Land Registry as a freehold house.
Since 1995 the property has sold twice.
Values of comparable properties have dropped by 14.0% over the period since May 2022.
- Sold May 2022£2,310,000
- Sold Dec 2006£1,000,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 32, Melody Lane have sold within a radius of 340 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 29th March 2022, was 10, Melody Lane, London, N5 2BQ, a freehold house which sold for £1,930,560.
Read more about house prices in N5.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Of the 21 addresses on Melody Lane, London, N5, 32, Melody Lane comes out as the 6th largest and the most expensive in our analysis of the public data.
It is also £1.527m more expensive than the average property across the N5 district.
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Schools Nearby
- 500mSt Joan of Arc RC Primary School
- 600mDrayton Park Primary School
- 700mSt John's Highbury Vale CofE Primary School
- 300mCity of London Academy Highbury Grove
- 300mHighbury Fields School
- 1.1kmStoke Newington School and Sixth Form
More reading links
Public Transport Nearby
From 32, Melody Lane, the nearest station is Canonbury, 500 metres away.
- 500mCanonbury
- 600mDrayton Park
- 700mHighbury & Islington
Available Internet Speeds
Broadband here reaches superfast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Superfast broadband is available in the area.
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
