4, Melrose Drive
4, Melrose Drive
Description & Estimates
According to the public record, 4, Melrose Drive, Shrewsbury is a mid-century freehold house with 1,894 ft2 of internal area and sits on a 1,580 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 4, Melrose Drive, Shrewsbury is £594,073 and the estimated rental value is £1,851 per month.
Melrose Drive, Shrewsbury, SY2 is located within the SY2 postal district.
Our Data Sources
4, Melrose Drive, Shrewsbury has 31 entries in the Land Registry , most recently in December 2018 and a single entry in the EPC database dated February 2018.
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
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 4, Melrose Drive, Shrewsbury is in very good condition we estimate a sale value of £623,777 and a rental value of £1,944 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £552,488 and a rental value of £1,722 per month.
Recent Market Change
Over the past 12 months, the estimated sale value of 4, Melrose Drive, Shrewsbury has dropped by £17,083 (2.9%), while its estimated rental value has risen by £29 per month (1.6%). Based on current estimates, the property offers a gross rental yield of 3.7%.
Plot Size
According to data from HM Land Registry, 4, Melrose Drive, Shrewsbury sits on a plot of 1,580 m2.
We have plot size data on 7 out of 7 other houses in the postcode and 4, Melrose Drive, Shrewsbury sits on the 2nd largest plot.
Energy Efficiency
4, Melrose Drive, Shrewsbury has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 20 Feb 2018.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
Sold Prices
According to HM Land Registry, 4, Melrose Drive, Shrewsbury was last sold on 5th December 2018 for £465,000 and was recorded as a freehold house.
The property has had 3 sales since 1995.
Since December 2018, the market for similar properties has risen by 39.0%.
- Sold Dec 2018£465,000
- Sold Jan 2006£325,000
- Sold Oct 1999£143,000
Similar Properties Sold Nearby
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 4, Melrose Drive, Shrewsbury within a radius of 740 metres over the last 2 years.
The most recent example is 42, Dove Close, Shrewsbury, SY2 6FB, a freehold house which sold for £535,000 on the 3rd May 2023.
Read more about house prices in SY2.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Melrose Drive, Shrewsbury, SY2 has a total of 7 addresses. According to our analysis of all the public data, 4, Melrose Drive, Shrewsbury is the 3rd largest and the 2nd most expensive property on the street.
When compared to the postcode district it is £304k more expensive than the average property in SY2.
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Schools Nearby
- 1.0kmMereside Church of England Primary Academy
- 1.7kmColeham Primary School
- 1.9kmMeole Brace Church of England Primary School and Nursery
- 2.2kmMeole Brace School
- 2.2kmThe Priory School
- 2.5kmBelvidere School
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Public Transport Nearby
The closest station to 4, Melrose Drive, Shrewsbury is Shrewsbury station, which is 2.6 kilometres away.
- 2.6kmShrewsbury
- 13.3kmYorton
- 14.9kmWellington (Shropshire)
Available Internet Speeds
According to recent data from Ofcom, superfast broadband is available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
Risk of Flooding
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
