46, Meldrum Drive
46, Meldrum Drive
Description & Estimates
46, Meldrum Drive, Gainsborough is recorded publicly as a modern freehold house across 990 ft2 of internal area, sitting on a 567 m2 plot.
Locally, houses of this size normally have 3 bedrooms with a garden.
Our estimate of the sale value of 46, Meldrum Drive, Gainsborough is £292,488 and its rental estimate is £1,103 per month, given the available information and assuming reasonable condition.
Meldrum Drive, Gainsborough, DN21 falls within the DN21 postal district, in the borough of West Lindsey.
Our Data Sources
46, Meldrum Drive, Gainsborough has a single entry in the Land Registry from June 2014 and a single entry in the EPC database dated June 2014.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 2 out of 5 and is considered of medium 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 46, Meldrum Drive, Gainsborough, we estimate a market value of £307,112 and a rental value of £1,158 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £272,013 and £1,026 per month respectively.
Recent Market Change
Over the last year, 46, Meldrum Drive, Gainsborough has seen its estimated sale value drop by £2,370 (0.8%) and its estimated rental value rise by £49 per month (4.4%). This results in an estimated gross rental yield of 4.5%.
Plot Size
HM Land Registry records the plot of land for 46, Meldrum Drive, Gainsborough as measuring 567 m2.
That makes it the largest plot in the postcode, where 39 of the 46 other houses have recorded plot data.
Energy Efficiency
46, Meldrum Drive, Gainsborough has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 11 Jun 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
The most recent sale of 46, Meldrum Drive, Gainsborough completed on 27th June 2014 at £195,950 and was recorded by HM Land Registry as a freehold house.
Since 1995 this is the property's only sale.
Values of comparable properties have risen by 71.1% over the period since June 2014.
- Sold Jun 2014£195,950
Similar Properties Sold Nearby
Over the past 2 years 2 properties similar to 46, Meldrum Drive, Gainsborough have sold within a radius of 850 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 22nd October 2014, was 48, Meldrum Drive, Gainsborough, DN21 1GS, a freehold house which sold for £194,950.
Read more about house prices in DN21.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Of the 46 addresses on Meldrum Drive, Gainsborough, DN21, 46, Meldrum Drive, Gainsborough comes out as the 8th largest and the most expensive in our analysis of the public data.
It is also £105k more expensive than the average property across the DN21 district.
More reading links
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
From 46, Meldrum Drive, Gainsborough, the nearest station is Gainsborough Lea Road, 200 metres away.
- 200mGainsborough Lea Road
- 1.7kmGainsborough Central
- 14.3kmRetford
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.
