7, Hollow Tree Way
7, Hollow Tree Way
Description & Estimates
7, Hollow Tree Way, Melton Constable is recorded publicly as a modern freehold house across 656 ft2 of internal area.
Locally, houses of this size normally have 2 bedrooms with a garden.
Our estimate of the sale value of 7, Hollow Tree Way, Melton Constable is £281,386 and its rental estimate is £1,082 per month, given the available information and assuming reasonable condition.
Hollow Tree Way, Briston, Melton Constable, NR24 falls within the NR24 postal district, in the borough of North Norfolk.
Our Data Sources
7, Hollow Tree Way, Melton Constable has a single entry in the Land Registry from June 2022 and a single entry in the EPC database dated May 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
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 7, Hollow Tree Way, Melton Constable, we estimate a market value of £295,456 and a rental value of £1,136 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £261,689 and £1,006 per month respectively.
Recent Market Change
Over the last year, 7, Hollow Tree Way, Melton Constable has seen its estimated sale value drop by £3,236 (1.2%) and its estimated rental value rise by £41 per month (3.8%). This results in an estimated gross rental yield of 4.6%.
Energy Efficiency
7, Hollow Tree Way, Melton Constable has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 12 May 2022.
The property is not connected to mains gas and has high performance glazing. It is heated using Air source heat pump, underfloor, electric.
Sold Prices
The most recent sale of 7, Hollow Tree Way, Melton Constable completed on 21st June 2022 at £300,000 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 21.4% over the period since June 2022.
- Sold Jun 2022£300,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 7, Hollow Tree Way, Melton Constable have sold within a radius of 3.8 kilometres, per the Land Registry and our network of Estate Agents.
The latest, on the 15th September 2023, was 8, Old School Road, Melton Constable, NR24 2SB, a freehold house which sold for £310,000.
Read more about house prices in NR24.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Of the 18 addresses on Hollow Tree Way, Briston, Melton Constable, NR24, 7, Hollow Tree Way, Melton Constable comes out as the 16th largest and the 17th most expensive in our analysis of the public data.
It is also £157k less expensive than the average property across the NR24 district.
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Schools Nearby
- 1.3kmAstley Primary School
- 5.3kmCorpusty Primary School
- 6.5kmHolt Community Primary School
- 10.4kmReepham High School and College
- 13.4kmSheringham High School
- 14.3kmAylsham High School
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Public Transport Nearby
From 7, Hollow Tree Way, Melton Constable, the nearest station is Sheringham, 14.4 kilometres away.
- 14.4kmSheringham
- 15.7kmWest Runton
- 17.7kmRoughton Road
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
