38, Meldrum Drive
38, Meldrum Drive
Description & Estimates
Public records show 38, Meldrum Drive, Gainsborough to be a modern freehold house with 1,259 ft2 of internal area, sitting on a 327 m2 plot.
In this area, houses of this size normally have 4 bedrooms with a garden.
38, Meldrum Drive, Gainsborough has an estimated sale value of £266,062 and an estimated rental value of £960 per month, assuming reasonable condition and based on the information available.
Meldrum Drive, Gainsborough, DN21 lies in the borough of West Lindsey, within the DN21 postal district.
Our Data Sources
38, Meldrum Drive, Gainsborough has a single entry in the Land Registry from May 2015 and a single entry in the EPC database dated October 2014.
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
In very good condition, we estimate 38, Meldrum Drive, Gainsborough would be worth £279,366, with a potential rental value of £1,008 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £247,438, with a rental value of £892 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 38, Meldrum Drive, Gainsborough has declined by £4,367 (1.6%) over the last year. During the same period, its estimated monthly rental value has climbed by £34 (3.5%). The property's estimated gross yield is currently 4.3%.
Plot Size
38, Meldrum Drive, Gainsborough occupies a 327 m2 plot as recorded by HM Land Registry.
Of the 46 other houses in this postcode, 39 have recorded plot sizes, and this one ranks as the 7th largest.
Energy Efficiency
38, Meldrum Drive, Gainsborough has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 20 Oct 2014.
The property is not connected to mains gas and has high performance glazing. It is heated using Boiler and radiators, mains gas.
Sold Prices
38, Meldrum Drive, Gainsborough last changed hands on 29th May 2015, selling for £171,500. 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 76.7% since May 2015.
- Sold May 2015£171,500
Similar Properties Sold Nearby
Land Registry records and our Estate Agent network show 3 sales of comparable properties within 880 metres of 38, Meldrum Drive, Gainsborough across the last 2 years.
Most recently, 30, Miller Way, Gainsborough, DN21 1FS, a freehold house, sold at £275,995 on the 30th October 2024.
Read more about house prices in DN21.
- Sold Oct 2024£275,995 | 4 Bed House30, Miller Way, Gainsborough, DN21 1FS30, Miller Way, Gainsborough, DN21 1FS
- Sold Sep 2024£275,995 | 4 Bed House28, Miller Way, Gainsborough, DN21 1FS28, Miller Way, Gainsborough, DN21 1FS
- Sold Sep 2024£270,995 | 4 Bed House26, Miller Way, Gainsborough, DN21 1FS26, Miller Way, Gainsborough, DN21 1FS
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Our analysis of the public data ranks 38, Meldrum Drive, Gainsborough as the 3rd largest and the 6th most expensive of the 46 addresses on Meldrum Drive, Gainsborough, DN21.
Against the DN21 postcode district average, it is £79k more expensive than the typical property.
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Schools Nearby
- 600mBenjamin Adlard Primary School
- 1.0kmSt George's Church of England Community Primary School, Gainsborough
- 1.6kmThe Gainsborough Hillcrest Early Years Academy
- 2.8kmThe Gainsborough Academy
- 3.1kmThe Queen Elizabeth's High School, Gainsborough
- 13.6kmThe Elizabethan Academy
More reading links
Public Transport Nearby
Gainsborough Lea Road station is the nearest stop to 38, Meldrum Drive, Gainsborough at 200 metres away.
- 200mGainsborough Lea Road
- 1.7kmGainsborough Central
- 14.3kmRetford
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.
