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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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58, Melrose Avenue, Stourbridge is recorded publicly as a modern freehold house across 1,840 ft2 of internal area, sitting on a 418 m2 plot.
Locally, houses of this size normally have 4 bedrooms with a garden.
Our estimate of the sale value of 58, Melrose Avenue, Stourbridge is £676,963 and its rental estimate is £1,659 per month, given the available information and assuming reasonable condition.
Melrose Avenue, Stourbridge, DY8 falls within the DY8 postal district, in the borough of Dudley.
58, Melrose Avenue, Stourbridge has 21 entries in the Land Registry , most recently in September 2020 and a single entry in the EPC database dated September 2019.
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.
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 58, Melrose Avenue, Stourbridge, we estimate a market value of £710,811 and a rental value of £1,742 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £629,576 and £1,543 per month respectively.
Over the last year, 58, Melrose Avenue, Stourbridge has seen its estimated sale value move down by £7,755 (1.1%) and its estimated rental value increase by £38 per month (2.3%). This results in an estimated gross rental yield of 2.9%.
HM Land Registry records the plot of land for 58, Melrose Avenue, Stourbridge as measuring 418 m2.
That makes it the 52nd largest plot in the postcode, where 66 of the 67 other houses have recorded plot data.
58, Melrose Avenue, Stourbridge has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 24 Sep 2019.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
The most recent sale of 58, Melrose Avenue, Stourbridge completed on 4th September 2020 at £478,500 and was recorded by HM Land Registry as a freehold house.
Since 1995 the property has sold twice.
Values of comparable properties have dropped by 19.2% over the period since September 2020.
Over the past 2 years 3 properties similar to 58, Melrose Avenue, Stourbridge have sold within a radius of 870 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 22nd August 2023, was 70, Melrose Avenue, Stourbridge, DY8 2LE, a freehold house which sold for £585,000.
Read more about house prices in DY8.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Of the 67 addresses on Melrose Avenue, Stourbridge, DY8, 58, Melrose Avenue, Stourbridge comes out as the 17th largest and the 17th most expensive in our analysis of the public data.
It is also £375k more expensive than the average property across the DY8 district.
From 58, Melrose Avenue, Stourbridge, the nearest station is Stourbridge Junction, 1.1 kilometres away.
Broadband here reaches ultrafast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Ultrafast broadband is available in the area.
The flood risk here is rated very low, based on Environment Agency data.
The recent census recorded whether a resident owned or rented their home.
In the area around 58, Melrose Avenue, Stourbridge, 64.7% of property is privately owned outright and 33.6% is privately owned with a mortgage.
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 58, Melrose Avenue, Stourbridge, 18.3% of residents are recorded as possessing school level qualifications and 52.0% as possessing degree level qualifications.
The graph below shows how this compares to West Midlands and the rest of England & Wales.
The most recent census in 2021 recorded the age of all UK residents.
In the area around 58, Melrose Avenue, Stourbridge, the average age was 48.2 and the most common age was 72.
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 58, Melrose Avenue, Stourbridge, 1.7% 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 58, Melrose Avenue, Stourbridge, there are an average of 1.9 cars per household.
See below for how this compares to West Midlands and the rest of England & Wales.
