78, Melrose Avenue
78, Melrose Avenue
Description & Estimates
78, Melrose Avenue, Stourbridge appears in the public record as a freehold house sitting on a 354 m2 plot.
By comparing it to nearby properties, we estimate it to be a mid-century house with 1,387 ft2 of internal area and a garden.
Locally, houses of this size normally have 4 bedrooms.
Our estimate of the sale value of 78, Melrose Avenue, Stourbridge is £577,713 and its rental estimate is £1,592 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.
Our Data Sources
78, Melrose Avenue, Stourbridge has 41 entries in the Land Registry , most recently in September 2021 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 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 78, Melrose Avenue, Stourbridge, we estimate a market value of £606,599 and a rental value of £1,672 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £537,273 and £1,481 per month respectively.
Recent Market Change
Over the last year, 78, Melrose Avenue, Stourbridge has seen its estimated sale value decline by £6,618 (1.1%) and its estimated rental value climb by £37 per month (2.3%). This results in an estimated gross rental yield of 3.3%.
Plot Size
HM Land Registry records the plot of land for 78, Melrose Avenue, Stourbridge as measuring 354 m2.
That makes it the 60th largest plot in the postcode, where 66 of the 67 other houses have recorded plot data.
Sold Prices
The most recent sale of 78, Melrose Avenue, Stourbridge completed on 30th September 2021 at £540,000 and was recorded by HM Land Registry as a freehold house.
Since 1995 the property has sold 4 times.
Values of comparable properties have dropped by 22.5% over the period since September 2021.
- Sold Sep 2021£540,000
- Sold Jan 2014£350,000
- Sold Nov 2001£235,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 78, Melrose Avenue, Stourbridge have sold within a radius of 830 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 21st February 2022, was 2, Pear Tree Drive, Stourbridge, DY8 2LB, a freehold house which sold for £550,000.
Read more about house prices in DY8.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Of the 67 addresses on Melrose Avenue, Stourbridge, DY8, 78, Melrose Avenue, Stourbridge comes out as the 55th largest and the 55th most expensive in our analysis of the public data.
It is also £276k more expensive than the average property across the DY8 district.
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Schools Nearby
- 300mSt Joseph's RC Primary School
- 600mOldswinford C of E Primary School
- 1.0kmPedmore CE Primary School
- 1.0kmOld Swinford Hospital
- 1.5kmRedhill School
- 1.7kmThe Pedmore High School
More reading links
Public Transport Nearby
From 78, Melrose Avenue, Stourbridge, the nearest station is Stourbridge Junction, 1.1 kilometres away.
- 1.1kmStourbridge Junction
- 1.6kmStourbridge Town
- 2.1kmHagley
Available Internet Speeds
Broadband here reaches ultrafast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Ultrafast broadband is available in the area.
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
