Flat 5, 24
Flat 5, 24
Description & Estimates
According to the public record, Flat 5, 24, Melton Road, Manchester is a modern leasehold apartment with 678 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Based on available information, and assuming reasonable condition, the estimated sale value for Flat 5, 24, Melton Road, Manchester is £122,044 and the estimated rental value is £912 per month.
The apartment is within 24, Melton Road, Manchester, M8.
Melton Road, Manchester, M8 is located in the borough of Manchester within the M8 postal district.
Our Data Sources
Flat 5, 24, Melton Road, Manchester has a single entry in the Land Registry from July 2013 and a single entry in the EPC database dated September 2020.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 2 out of 5 and is considered of medium accuracy.
Price Range & Condition
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If Flat 5, 24, Melton Road, Manchester is in very good condition we estimate a sale value of £128,146 and a rental value of £957 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £113,500 and a rental value of £848 per month.
Recent Market Change
Over the past 12 months, the estimated sale value of Flat 5, 24, Melton Road, Manchester has dropped by £1,979 (1.6%), while its estimated rental value has risen by £20 per month (2.2%). Based on current estimates, the property offers a gross rental yield of 9.0%.
Energy Efficiency
Flat 5, 24, Melton Road, Manchester has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 23 Sep 2020.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Electric storage heaters.
Sold Prices
According to HM Land Registry, Flat 5, 24, Melton Road, Manchester was last sold on 31st July 2013 for £69,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since July 2013, the market for similar properties has risen by 75.6%.
- Sold Jul 2013£69,000
Similar Properties Sold Nearby
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 5, 24, Melton Road, Manchester within a radius of 470 metres over the last 2 years.
The most recent example is Flat 5, 22, Melton Road, Manchester, M8 4HG, a leasehold flat which sold for £117,000 on the 11th November 2022.
Read more about house prices in M8.
- Sold Nov 2022£117,000 | 2 Bed Flat22, Melton RoadFlat 5, 22, Melton Road, Manchester, M8 4HG
- Sold Dec 2021£120,000 | 2 Bed FlatKensington Place 22, Melton RoadFlat 1, Kensington Place 22, Melton Road, Manchester, M8 4HG
- Sold Aug 2019£120,000 | 2 Bed Flat26, Melton RoadFlat 5, 26, Melton Road, Manchester, M8 4HG
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
More reading links
Location Comparison
Melton Road, Manchester, M8 has a total of 65 addresses. According to our analysis of all the public data, Flat 5, 24, Melton Road, Manchester is the 23rd largest and the 39th most expensive property on the street.
When compared to the postcode district it is £138k less expensive than the average property in M8.
More reading links
Schools Nearby
- 400mKing David Primary School
- 700mCravenwood Primary Academy
- 900mCrumpsall Lane Primary School
- 500mThe King David High School
- 1.2kmBeis Yaakov High School
- 1.4kmSt Monica's RC High School, a Voluntary Academy
More reading links
Public Transport Nearby
The closest station to Flat 5, 24, Melton Road, Manchester is Manchester Victoria station, which is 3.5 kilometres away.
- 3.5kmManchester Victoria
- 3.9kmSalford Crescent
- 3.9kmSalford Central
Available Internet Speeds
According to recent data from Ofcom, superfast broadband is available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
Risk of Flooding
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
