8B, Melvin Road
8B, Melvin Road
Description & Estimates
Public records show 8B, Melvin Road to be a period leasehold apartment with 1,087 ft2 of internal area.
In this area, apartments of this size normally have 3 bedrooms.
8B, Melvin Road has an estimated sale value of £553,464 and an estimated rental value of £2,605 per month, assuming reasonable condition and based on the information available.
The apartment sits within 8, Melvin Road, London, SE20.
Melvin Road, London, SE20 lies in the borough of Bromley, within the SE20 postal district.
Our Data Sources
8B, Melvin Road has 41 entries in the Land Registry , most recently in December 2022 and a single entry in the EPC database dated March 2014.
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
In very good condition, we estimate 8B, Melvin Road would be worth £581,137, with a potential rental value of £2,736 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £514,721, with a rental value of £2,423 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 8B, Melvin Road has declined by £2,279 (0.4%) over the last year. During the same period, its estimated monthly rental value has climbed by £102 (3.9%). The property's estimated gross yield is currently 5.6%.
Energy Efficiency
8B, Melvin Road has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 05 Mar 2014.
The property is not connected to mains gas and has single glazed windows. It is heated using Boiler and radiators, mains gas.
Sold Prices
8B, Melvin Road last changed hands on 6th December 2022, selling for £500,000. The transaction was logged as a leasehold flat by HM Land Registry.
In total it has sold 4 times since 1995.
The market for similar properties has dropped by 8.0% since December 2022.
- Sold Dec 2022£500,000
- Sold Jun 2017£442,500
- Sold Feb 2015£342,500
Similar Properties Sold Nearby
Land Registry records and our Estate Agent network show 3 sales of comparable properties within 340 metres of 8B, Melvin Road across the last 2 years.
Most recently, 3, Genoa Road, London, SE20 8ES, a leasehold flat, sold at £70,000 on the 11th October 2023.
Read more about house prices in SE20.
•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 8B, Melvin Road as the 15th largest and the 19th most expensive of the 47 addresses on Melvin Road, London, SE20.
Against the SE20 postcode district average, it is £142k more expensive than the typical property.
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Schools Nearby
- 200mSt Anthony's Catholic Primary School
- 500mSt John's Church of England Primary School
- 600mHarris Primary Academy Crystal Palace
- 1.3kmHarris Girls Academy Bromley
- 1.3kmHarris City Academy Crystal Palace
- 1.7kmHarris Academy South Norwood
More reading links
Public Transport Nearby
Anerley station is the nearest stop to 8B, Melvin Road at 500 metres away.
- 500mAnerley
- 800mPenge West
- 800mBirkbeck
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.
