Melrose, Market Drayton
Melrose, Market Drayton
Description & Estimates
Public records show Melrose, Market Drayton to be a mid-century freehold house with 775 ft2 of internal area, sitting on a 600 m2 plot.
In this area, houses of this size normally have 3 bedrooms with a garden.
Melrose, Market Drayton has an estimated sale value of £386,610 and an estimated rental value of £1,546 per month, assuming reasonable condition and based on the information available.
Childs Ercall, Market Drayton, TF9 lies within the TF9 postal district.
Our Data Sources
Melrose, Market Drayton has 3 entries in the Land Registry , most recently in June 2024 and a single entry in the EPC database dated November 2014.
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
In very good condition, we estimate Melrose, Market Drayton would be worth £405,941, with a potential rental value of £1,623 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £359,547, with a rental value of £1,437 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 Melrose, Market Drayton has risen by £8,002 (2.1%) over the last year. During the same period, its estimated monthly rental value has moved up by £60 (3.9%). The property's estimated gross yield is currently 4.8%.
Plot Size
Melrose, Market Drayton occupies a 600 m2 plot as recorded by HM Land Registry.
Of the 21 other houses in this postcode, 16 have recorded plot sizes, and this one ranks as the 8th largest.
Energy Efficiency
Melrose, Market Drayton has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 03 Nov 2014.
The property is not connected to mains gas and has partial double glazing. It is heated using Boiler and radiators, oil.
Sold Prices
Melrose, Market Drayton last changed hands on 14th June 2024, selling for £380,000. The transaction was logged as a freehold house by HM Land Registry.
In total it has sold 3 times since 1995.
The market for similar properties has dropped by 0.2% since June 2024.
- Sold Jun 2024£380,000
- Sold Jun 2021£380,000
- Sold Apr 2016£221,000
Similar Properties Sold Nearby
Land Registry records and our Estate Agent network show 3 sales of comparable properties within 5.0 kilometres of Melrose, Market Drayton across the last 2 years.
Most recently, 1, Hill View, Hatton Road, Market Drayton, TF9 2TS, a freehold house, sold at £375,000 on the 28th June 2024.
Read more about house prices in TF9.
- Sold Jun 2024£375,000 | 3 Bed House1, Hill View, Hatton Road, Market Drayton, TF9 2TS1, Hill View, Hatton Road, Market Drayton, TF9 2TS
- Sold Feb 2024£320,000 | 3 Bed House10, Market Drayton, TF9 2BX10, Market Drayton, TF9 2BX
- Sold Jun 2023£255,000 | 3 Bed HouseThe Primrose, Market Drayton, TF9 2BXThe Primrose, Market Drayton, TF9 2BX
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
More reading links
Location Comparison
Our analysis of the public data ranks Melrose, Market Drayton as the 81st largest and the 55th most expensive of the 94 addresses on Childs Ercall, Market Drayton, TF9.
Against the TF9 postcode district average, it is £75k more expensive than the typical property.
More reading links
Schools Nearby
- 3.1kmHinstock Primary School
- 3.8kmStoke-on-Tern Primary School
- 4.9kmTibberton Church of England Primary School
- 9.5kmHaberdashers' Adams
- 9.5kmThe Grove School
- 9.9kmNewport Girls' High School Academy
More reading links
Public Transport Nearby
Wellington (Shropshire) station is the nearest stop to Melrose, Market Drayton at 13.3 kilometres away.
- 13.3kmWellington (Shropshire)
- 14.4kmOakengates
- 15.6kmWem
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.
