Flat 2, 41
Flat 2, 41
Description & Estimates
Flat 2, 41, Melville Street, Ryde is recorded publicly as a period leasehold apartment across 731 ft2 of internal area.
Locally, apartments of this size normally have 2 bedrooms with a garden.
Our estimate of the sale value of Flat 2, 41, Melville Street, Ryde is £148,096 and its rental estimate is £706 per month, given the available information and assuming reasonable condition.
41, Melville Street is a residential building on Melville Street, Ryde, PO33 and falls within the PO33 postal district.
Our Data Sources
Flat 2, 41, Melville Street, Ryde has 21 entries in the Land Registry , most recently in March 2013 and a single entry in the EPC database dated September 2021.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 1 out of 5 and is considered of low 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 Flat 2, 41, Melville Street, Ryde, we estimate a market value of £155,501 and a rental value of £741 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £137,730 and £657 per month respectively.
Recent Market Change
Over the last year, Flat 2, 41, Melville Street, Ryde has seen its estimated sale value decline by £4,084 (2.8%) and its estimated rental value climb by £29 per month (4.1%). This results in an estimated gross rental yield of 5.7%.
Energy Efficiency
Flat 2, 41, Melville Street, Ryde has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 23 Sep 2021.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
Sold Prices
The most recent sale of Flat 2, 41, Melville Street, Ryde completed on 6th March 2013 at £108,000 and was recorded by HM Land Registry as a leasehold flat.
Since 1995 the property has sold twice.
Values of comparable properties have risen by 37.3% over the period since March 2013.
- Sold Mar 2013£108,000
- Sold Dec 2001£84,500
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to Flat 2, 41, Melville Street, Ryde have sold within a radius of 430 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 11th October 2024, was Flat 1, Belvedere Lodge 6, Belvedere Street, Ryde, PO33 2JN, a leasehold flat which sold for £162,500.
Read more about house prices in PO33.
- Sold Oct 2024£162,500 | 2 Bed FlatBelvedere Lodge 6, Belvedere StreetFlat 1, Belvedere Lodge 6, Belvedere Street, Ryde, PO33 2JN
- Sold Dec 2023£163,000 | 2 Bed Flat18, Belvedere StreetFlat B, 18, Belvedere Street, Ryde, PO33 2JW
- Sold Jan 2022£134,000 | 2 Bed FlatEastfield 33, Dover StreetFlat 2B, Eastfield 33, Dover Street, Ryde, PO33 2BW
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Of the 91 addresses on Melville Street, Ryde, PO33, Flat 2, 41, Melville Street, Ryde comes out as the 41st largest and the 39th most expensive in our analysis of the public data.
It is also £124k less expensive than the average property across the PO33 district.
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Schools Nearby
- 200mDover Park Primary School
- 600mSt Mary's Catholic Primary School
- 800mOakfield Church of England Aided Primary School, Ryde
- 1.5kmLift Ryde
- 6.4kmKing's Academy Bay House
- 8.8kmArk Charter Academy
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Public Transport Nearby
From Flat 2, 41, Melville Street, Ryde, the nearest station is Ryde Hoverport, 400 metres away.
- 400mRyde Hoverport
- 500mRyde Esplanade
- 500mRyde St Johns Road
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.
