37, Melrose Avenue
37, Melrose Avenue
Description & Estimates
37, Melrose Avenue, Stourbridge is recorded publicly as a modern freehold house across 2,131 ft2 of internal area, sitting on a 932 m2 plot.
Locally, houses of this size normally have 5 bedrooms with a garden.
Our estimate of the sale value of 37, Melrose Avenue, Stourbridge is £746,844 and its rental estimate is £1,880 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.
Our Data Sources
37, Melrose Avenue, Stourbridge has 21 entries in the Land Registry , most recently in December 2015 and a single entry in the EPC database dated August 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.
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 37, Melrose Avenue, Stourbridge, we estimate a market value of £784,186 and a rental value of £1,974 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £694,565 and £1,748 per month respectively.
Recent Market Change
Over the last year, 37, Melrose Avenue, Stourbridge has seen its estimated sale value decline by £14,492 (1.9%) and its estimated rental value climb by £33 per month (1.8%). This results in an estimated gross rental yield of 3.0%.
Plot Size
HM Land Registry records the plot of land for 37, Melrose Avenue, Stourbridge as measuring 932 m2.
That makes it the largest plot in the postcode, where 66 of the 67 other houses have recorded plot data.
Energy Efficiency
37, Melrose Avenue, Stourbridge has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 01 Aug 2012.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
Sold Prices
The most recent sale of 37, Melrose Avenue, Stourbridge completed on 21st December 2015 at £490,000 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 29.4% over the period since December 2015.
- Sold Dec 2015£490,000
- Sold Feb 1998£212,500
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 37, Melrose Avenue, Stourbridge have sold within a radius of 880 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 30th June 2023, was 238B, Hagley Road, Stourbridge, DY8 2JS, a freehold house which sold for £770,000.
Read more about house prices in DY8.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Of the 67 addresses on Melrose Avenue, Stourbridge, DY8, 37, Melrose Avenue, Stourbridge comes out as the 4th largest and the 4th most expensive in our analysis of the public data.
It is also £445k more expensive than the average property across the DY8 district.
More reading links
Schools Nearby
- 300mSt Joseph's RC Primary School
- 600mOldswinford C of E Primary School
- 1.0kmPedmore CE Primary School
- 1.0kmOld Swinford Hospital
- 1.5kmRedhill School
- 1.7kmThe Pedmore High School
More reading links
Public Transport Nearby
From 37, Melrose Avenue, Stourbridge, the nearest station is Stourbridge Junction, 1.1 kilometres away.
- 1.1kmStourbridge Junction
- 1.6kmStourbridge Town
- 2.1kmHagley
Available Internet Speeds
Broadband here reaches ultrafast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Ultrafast broadband is available in the area.
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
