Melrose, Durham
Melrose, Durham
Description & Estimates
According to the public record, Melrose, Durham is a modern freehold house with 3,670 ft2 of internal area and sits on a 591 m2 plot.
Houses of this size in this area normally have 5 bedrooms with a garden.
Based on available information, and assuming reasonable condition, the estimated sale value for Melrose, Durham is £1,025,114 and the estimated rental value is £2,793 per month.
Potters Bank, Durham, DH1 is located within the DH1 postal district.
Our Data Sources
Melrose, Durham has 2 entries in the Land Registry , most recently in May 2022 and a single entry in the EPC database dated March 2016.
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 Melrose, Durham is in very good condition we estimate a sale value of £1,076,370 and a rental value of £2,933 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £953,356 and a rental value of £2,597 per month.
Recent Market Change
Over the past 12 months, the estimated sale value of Melrose, Durham has fallen by £20,592 (2.0%), while its estimated rental value has moved up by £56 per month (2.0%). Based on current estimates, the property offers a gross rental yield of 3.3%.
Plot Size
According to data from HM Land Registry, Melrose, Durham sits on a plot of 591 m2.
We have plot size data on 19 out of 29 other houses in the postcode and Melrose, Durham sits on the 16th largest plot.
Energy Efficiency
Melrose, Durham has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 18 Mar 2016.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
Sold Prices
According to HM Land Registry, Melrose, Durham was last sold on 20th May 2022 for £845,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since May 2022, the market for similar properties has dropped by 17.8%.
- Sold May 2022£845,000
- Sold Jun 2017£755,000
Similar Properties Sold Nearby
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Melrose, Durham within a radius of 1.0 kilometres over the last 2 years.
The most recent example is Oribi, Potters Bank, Durham, DH1 3RR, a freehold house which sold for £1,150,000 on the 15th September 2022.
Read more about house prices in DH1.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Potters Bank, Durham, DH1 has a total of 32 addresses. According to our analysis of all the public data, Melrose, Durham is the 12th largest and the 11th most expensive property on the street.
When compared to the postcode district it is £770k more expensive than the average property in DH1.
More reading links
Schools Nearby
- 600mSt Margaret's Church of England Primary School
- 800mNeville's Cross Primary School and Nursery
- 1.2kmSt Oswald's Church of England Aided Primary and Nursery School
- 1.5kmDurham Johnston Comprehensive School
- 1.9kmSt Leonard's Catholic School, Durham
- 3.4kmFramwellgate School Durham
More reading links
Public Transport Nearby
The closest station to Melrose, Durham is Durham station, which is 1.5 kilometres away.
- 1.5kmDurham
- 9.8kmChester-le-Street
- 13.4kmBishop Auckland
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.
