53, Melrose Place
53, Melrose Place
Description & Estimates
The public record lists 53, Melrose Place, Watford as a freehold house sitting on a 248 m2 plot.
Comparison with its neighbours suggests a modern house with 701 ft2 of internal area and a garden.
In this area, houses of this size normally have 2 bedrooms.
53, Melrose Place, Watford has an estimated sale value of £416,913 and an estimated rental value of £2,228 per month, assuming reasonable condition and based on the information available.
Melrose Place, Watford, WD17 lies in the borough of Watford, within the WD17 postal district.
Our Data Sources
53, Melrose Place, Watford has a single entry in the Land Registry from June 2007 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
The local information is scored as 2 out of 5 and is considered of medium accuracy.
Price Range & Condition
In very good condition, we estimate 53, Melrose Place, Watford would be worth £437,759, with a potential rental value of £2,339 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £387,729, with a rental value of £2,072 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 53, Melrose Place, Watford has fallen by £650 (0.2%) over the last year. During the same period, its estimated monthly rental value has moved up by £74 (3.3%). The property's estimated gross yield is currently 6.4%.
Plot Size
53, Melrose Place, Watford occupies a 248 m2 plot as recorded by HM Land Registry.
Of the 8 other houses in this postcode, 7 have recorded plot sizes, and this one ranks as the largest.
Sold Prices
53, Melrose Place, Watford last changed hands on 29th June 2007, selling for £238,500. 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 71.8% since June 2007.
- Sold Jun 2007£238,500
Similar Properties Sold Nearby
Land Registry records and our Estate Agent network show 3 sales of comparable properties within 640 metres of 53, Melrose Place, Watford across the last 2 years.
Most recently, 35, Gisburne Way, Watford, WD24 5BA, a freehold house, sold at £415,000 on the 14th July 2022.
Read more about house prices in WD17.
- Sold Jul 2022£415,000 | 2 Bed House35, Gisburne Way, Watford, WD24 5BA35, Gisburne Way, Watford, WD24 5BA
- Sold Oct 2016£371,000 | 2 Bed House51, Melrose Place, Watford, WD17 4LU51, Melrose Place, Watford, WD17 4LU
- Sold Oct 2014£299,950 | 2 Bed House47, Melrose Place, Watford, WD17 4LU47, Melrose Place, Watford, WD17 4LU
•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 53, Melrose Place, Watford as the 24th largest and the 22nd most expensive of the 57 addresses on Melrose Place, Watford, WD17.
Against the WD17 postcode district average, it is £123k less expensive than the typical property.
More reading links
Schools Nearby
- 300mNascot Wood Junior School
- 400mNascot Wood Infant and Nursery School
- 600mCassiobury Infant and Nursery School
- 1.8kmWatford Grammar School for Boys
- 2.4kmCroxley Danes School
- 2.4kmWatford Grammar School for Girls
More reading links
Public Transport Nearby
Watford Junction station is the nearest stop to 53, Melrose Place, Watford at 1.5 kilometres away.
- 1.5kmWatford Junction
- 1.5kmWatford
- 1.8kmWatford North
Available Internet Speeds
Ofcom's latest figures show superfast broadband available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
Risk of Flooding
Environment Agency data suggests this area has a very low risk of flooding.
