51, Melrose Walk
51, Melrose Walk
Description & Estimates
Public records show 51, Melrose Walk, Penarth to be a modern freehold house with 1,367 ft2 of internal area, sitting on a 263 m2 plot.
In this area, houses of this size normally have 4 bedrooms with a garden.
51, Melrose Walk, Penarth has an estimated sale value of £471,028 and an estimated rental value of £2,223 per month, assuming reasonable condition and based on the information available.
Melrose Walk, Sully, Penarth, CF64 lies within the CF64 postal district.
Our Data Sources
51, Melrose Walk, Penarth has a single entry in the Land Registry from April 2022 and a single entry in the EPC database dated March 2022.
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 51, Melrose Walk, Penarth would be worth £494,579, with a potential rental value of £2,335 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £438,056, with a rental value of £2,068 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 51, Melrose Walk, Penarth has increased by £1,110 (0.2%) over the last year. During the same period, its estimated monthly rental value has grown by £79 (3.6%). The property's estimated gross yield is currently 5.7%.
Plot Size
51, Melrose Walk, Penarth occupies a 263 m2 plot as recorded by HM Land Registry.
Of the 55 other houses in this postcode, 46 have recorded plot sizes, and this one ranks as the 34th largest.
Energy Efficiency
51, Melrose Walk, Penarth has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 02 Mar 2022.
The property is not connected to mains gas and has high performance glazing. It is heated using Boiler and radiators, mains gas.
Sold Prices
51, Melrose Walk, Penarth last changed hands on 8th April 2022, selling for £445,995. 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 11.6% since April 2022.
- Sold Apr 2022£445,995
Similar Properties Sold Nearby
Land Registry records and our Estate Agent network show 3 sales of comparable properties within 2.0 kilometres of 51, Melrose Walk, Penarth across the last 2 years.
Most recently, 55, Melrose Walk, Penarth, CF64 5WD, a freehold house, sold at £469,995 on the 1st July 2022.
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
Our analysis of the public data ranks 51, Melrose Walk, Penarth as the 26th largest and the 22nd most expensive of the 55 addresses on Melrose Walk, Sully, Penarth, CF64.
Against the CF64 postcode district average, it is £70k more expensive than the typical property.
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Schools Nearby
Public Transport Nearby
Dinas Powys station is the nearest stop to 51, Melrose Walk, Penarth at 2.5 kilometres away.
- 2.5kmDinas Powys
- 2.8kmCadoxton
- 3.0kmEastbrook
Risk of Flooding
Environment Agency data suggests this area has a very low risk of flooding.
