50, Melrose Walk
50, Melrose Walk
Description & Estimates
50, Melrose Walk, Penarth is recorded publicly as a modern freehold house across 1,367 ft2 of internal area, sitting on a 263 m2 plot.
Locally, houses of this size normally have 4 bedrooms with a garden.
Our estimate of the sale value of 50, Melrose Walk, Penarth is £464,301 and its rental estimate is £2,192 per month, given the available information and assuming reasonable condition.
Melrose Walk, Sully, Penarth, CF64 falls within the CF64 postal district.
Our Data Sources
50, Melrose Walk, Penarth has a single entry in the Land Registry from June 2021 and a single entry in the EPC database dated May 2021.
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 50, Melrose Walk, Penarth, we estimate a market value of £487,516 and a rental value of £2,301 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £431,800 and £2,038 per month respectively.
Recent Market Change
Over the last year, 50, Melrose Walk, Penarth has seen its estimated sale value move up by £1,094 (0.2%) and its estimated rental value increase by £78 per month (3.6%). This results in an estimated gross rental yield of 5.7%.
Plot Size
HM Land Registry records the plot of land for 50, Melrose Walk, Penarth as measuring 263 m2.
That makes it the 33rd largest plot in the postcode, where 46 of the 55 other houses have recorded plot data.
Energy Efficiency
50, Melrose Walk, Penarth has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 18 May 2021.
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 50, Melrose Walk, Penarth completed on 22nd June 2021 at £412,995 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 21.5% over the period since June 2021.
- Sold Jun 2021£412,995
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 50, Melrose Walk, Penarth have sold within a radius of 2.0 kilometres, per the Land Registry and our network of Estate Agents.
The latest, on the 21st June 2024, was 53, Castle Wood Road, Penarth, CF64 5WP, a freehold house which sold for £357,000.
Read more about house prices in CF64.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Of the 55 addresses on Melrose Walk, Sully, Penarth, CF64, 50, Melrose Walk, Penarth comes out as the 27th largest and the 27th most expensive in our analysis of the public data.
It is also £63k more expensive than the average property across the CF64 district.
More reading links
Schools Nearby
Public Transport Nearby
From 50, Melrose Walk, Penarth, the nearest station is Dinas Powys, 2.5 kilometres away.
- 2.5kmDinas Powys
- 2.8kmCadoxton
- 3.0kmEastbrook
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
