Flat 2, Melbourne Court
Flat 2, Melbourne Court
Description & Estimates
Public records show Flat 2, Melbourne Court, Exeter to be a modern leasehold apartment with 538 ft2 of internal area.
In this area, apartments of this size normally have 2 bedrooms.
Flat 2, Melbourne Court, Exeter has an estimated sale value of £198,558 and an estimated rental value of £1,078 per month, assuming reasonable condition and based on the information available.
The apartment sits within Melbourne Court, Melbourne Street, Exeter, EX2.
Melbourne Street, Exeter, EX2 lies in the borough of Exeter, within the EX2 postal district.
Our Data Sources
Flat 2, Melbourne Court, Exeter has a single entry in the Land Registry from May 2017 and a single entry in the EPC database dated September 2024.
We combine this information with that 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
In very good condition, we estimate Flat 2, Melbourne Court, Exeter would be worth £208,486, with a potential rental value of £1,132 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £184,659, with a rental value of £1,003 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 Flat 2, Melbourne Court, Exeter has moved up by £1,853 (0.9%) over the last year. During the same period, its estimated monthly rental value has increased by £40 (3.7%). The property's estimated gross yield is currently 6.5%.
Energy Efficiency
Flat 2, Melbourne Court, Exeter has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 25 Sep 2024.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Electric storage heaters.
Sold Prices
Flat 2, Melbourne Court, Exeter last changed hands on 25th May 2017, selling for £163,000. The transaction was logged as a leasehold flat by HM Land Registry.
That is its only recorded sale since 1995.
The market for similar properties has risen by 6.4% since May 2017.
- Sold May 2017£163,000
Similar Properties Sold Nearby
Land Registry records and our Estate Agent network show 3 sales of comparable properties within 430 metres of Flat 2, Melbourne Court, Exeter across the last 2 years.
Most recently, Flat 1, Southgate Court, Holloway Street, Exeter, EX2 4JL, a leasehold flat, sold at £199,000 on the 22nd October 2024.
Read more about house prices in EX2.
- Sold Oct 2024£199,000 | 2 Bed FlatFlat 1, Southgate Court, Holloway Street, Exeter, EX2 4JLFlat 1, Southgate Court, Holloway Street, Exeter, EX2 4JL
- Sold Mar 2024£201,250 | 2 Bed FlatFlat 5, Southgate Court, Holloway Street, Exeter, EX2 4JLFlat 5, Southgate Court, Holloway Street, Exeter, EX2 4JL
- Sold Apr 2023£225,000 | 2 Bed FlatFlat 12, Melbourne Court, Melbourne Street, Exeter, EX2 4BXFlat 12, Melbourne Court, Melbourne Street, Exeter, EX2 4BX
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
More reading links
Location Comparison
Our analysis of the public data ranks Flat 2, Melbourne Court, Exeter as the 28th largest and the 34th most expensive of the 68 addresses on Melbourne Street, Exeter, EX2.
Against the EX2 postcode district average, it is £135k less expensive than the typical property.
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Schools Nearby
- 400mSt Leonard's (CofE) Primary School (VC)
- 900mSt Thomas Primary School
- 1.0kmNewtown Primary School
- 1.5kmWest Exe School
- 1.6kmIsca Academy
- 3.0kmSt Peter's Church of England Aided School
More reading links
Public Transport Nearby
Exeter St Thomas station is the nearest stop to Flat 2, Melbourne Court, Exeter at 1.0 kilometres away.
- 1.0kmExeter St Thomas
- 1.1kmExeter Central
- 1.4kmMarsh Barton
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.
