8, Melody Lane
8, Melody Lane
Description & Estimates
8, Melody Lane is described in the public record as a modern house with 1,894 ft2 of internal area, sitting on a 138 m2 plot.
Locally, houses of this size normally have 5 bedrooms with a garden.
Our estimate of the sale value of 8, Melody Lane is £1,967,855 and its rental estimate is £9,094 per month, given the available information and assuming reasonable condition.
Melody Lane, London, N5 falls within the N5 postal district, in the borough of Islington.
Our Data Sources
8, Melody Lane has no recent1 records in the the Land Registry and a single entry in the EPC database dated June 2019.
We combine this information with public data of neighbouring properties to estimate the property attributes and values.
The local information is scored as 4 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 8, Melody Lane, we estimate a market value of £2,066,248 and a rental value of £9,548 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £1,830,106 and £8,457 per month respectively.
Recent Market Change
Over the last year, 8, Melody Lane has seen its estimated sale value decrease by £36,834 (1.9%) and its estimated rental value grow by £589 per month (6.5%). This results in an estimated gross rental yield of 5.5%.
Plot Size
HM Land Registry records the plot of land for 8, Melody Lane as measuring 138 m2.
That makes it the 7th largest plot in the postcode, where 19 of the 21 other houses have recorded plot data.
Energy Efficiency
8, Melody Lane has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 12 Jun 2019.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and underfloor heating, mains gas.
Sold Prices
The most recent sale of 8, Melody Lane completed on 6th October 2006 at £960,000 and was recorded by HM Land Registry as a freehold house.
Since 1995 this is the property's only sale.
- Sold Oct 2006£960,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 8, Melody Lane have sold within a radius of 340 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 29th March 2022, was 10, Melody Lane, London, N5 2BQ, a freehold house which sold for £1,930,560.
Read more about house prices in N5.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Of the 21 addresses on Melody Lane, London, N5, 8, Melody Lane comes out as the 12th largest and the 13th most expensive in our analysis of the public data.
It is also £1.146m more expensive than the average property across the N5 district.
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Schools Nearby
- 500mSt Joan of Arc RC Primary School
- 600mDrayton Park Primary School
- 700mSt John's Highbury Vale CofE Primary School
- 300mCity of London Academy Highbury Grove
- 300mHighbury Fields School
- 1.1kmStoke Newington School and Sixth Form
More reading links
Public Transport Nearby
From 8, Melody Lane, the nearest station is Canonbury, 500 metres away.
- 500mCanonbury
- 600mDrayton Park
- 700mHighbury & Islington
Available Internet Speeds
Broadband here reaches superfast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Superfast broadband is available in the area.
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
