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Bricks&Logic is a trading name of Urban Markets Ltd
Company No. 11113204
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VAT No. GB 287 0845 68
Registered Address: 2 Leman St, London E1 8FA
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According to the public record, 48, Melrose Drive, Wolverhampton is a modern leasehold apartment with 409 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom.
Based on available information, and assuming reasonable condition, the estimated sale value for 48, Melrose Drive, Wolverhampton is £106,369 and the estimated rental value is £637 per month.
Melrose Drive, Wolverhampton, WV6 is located in the borough of South Staffordshire within the WV6 postal district.
48, Melrose Drive, Wolverhampton has 31 entries in the Land Registry , most recently in November 2018 and a single entry in the EPC database dated April 2018.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 4 out of 5 and is considered of high accuracy.
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 48, Melrose Drive, Wolverhampton is in very good condition we estimate a sale value of £111,688 and a rental value of £669 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £98,924 and a rental value of £592 per month.
Over the last 12 months the sale value of 48 Melrose Drive Wolverhampton has increased by an estimated £964 (0.9%) and its rental value has increased by an estimated £17 per month (2.7%), giving an expected gross yield of 7.2%.
48, Melrose Drive, Wolverhampton has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 05 Apr 2018.
The property is connected to mains gas and has fully double glazed windows. It is heated using Electric storage heaters.
According to HM Land Registry, 48, Melrose Drive, Wolverhampton was last sold on 23rd November 2018 for £85,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since November 2018, the market for similar properties has risen 36.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 48, Melrose Drive, Wolverhampton within a radius of 550 metres over the last 2 years.
The most recent example is 46, Melrose Drive, Wolverhampton, WV6 7XQ, a leasehold flat which sold for £115,000 on the 10th December 2024.
Read more about house prices in WV6.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Melrose Drive, Wolverhampton, WV6 has a total of 60 addresses. According to our analysis of all the public data, 48, Melrose Drive, Wolverhampton is the 55th largest and the 55th most expensive property on the street.
When compared to the postcode district it is £184k less expensive than the average property in WV6.
The closest station to 48, Melrose Drive, Wolverhampton is Bilbrook station which is 3.4 kilometres away.
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.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around 48, Melrose Drive, Wolverhampton, % of property is and % is .
The graph below shows how this compares to West Midlands and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around 48, Melrose Drive, Wolverhampton, 0.0% of residents are recorded as possessing school level qualifications and 0.0% as possessing degree level qualifications.
The graph below shows how this compares to West Midlands and the rest of England & Wales.
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around 48, Melrose Drive, Wolverhampton, 0.0% of property was a second home.
Comparison figures for West Midlands and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around 48, Melrose Drive, Wolverhampton, there are an average of 0.0 cars per household.
See below for how this compares to West Midlands and the rest of England & Wales.
