3 Melbourne Close

    3, MELBOURNE CLOSE, WEST BROMWICH, B70 0SP

    This terraced leasehold property on Melbourne Close last sold in July 2014 for £113,000. Based on price growth in the B70 district since then, its estimated current value is £193,821 — placing it in the 23rd percentile nationally and the 42nd percentile within B70. The property covers 72 m² (775 sq ft), giving an estimated value of £2,692 per m². The EPC rating is D, with a potential rating of B.

    Type

    Terraced

    Tenure

    Leasehold

    Floor Area

    72 m²

    (775 sq ft)

    Last Sale Price

    £113,000

    Jul 2014

    Estimated Valuation

    £193,821

    Est. £/m²

    £2,692/m²

    £250/sq ft

    Property Details

    TypeTerraced
    TenureLeasehold
    Built formSemi-Detached
    Construction ageEngland and Wales: 1967-1975
    Habitable rooms4
    Main fuelmains gas (not community)
    EPC currentD
    EPC potentialB
    Floor area72 m² (775 sq ft)
    EPC dateOct 2013
    WallsCavity wall, as built, no insulation (assumed)
    HeatingBoiler and radiators, mains gas

    Transaction History

    18 Jul 2014

    £113,000

    18 Jul 2014

    £113,000

    Key Metrics

    Estimated valuation£193,821
    Value per m² / sq ft£2,692/m² (£250/sq ft)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    B70 district percentile42nd percentile
    National percentile23rd percentile

    District Context — B70

    B70 covers Oldbury and surrounding areas in the Black Country, in the industrial heart of the West Midlands. It is a traditionally working-class neighbourhood with strong manufacturing heritage and a mix of older residential stock.

    Average Property Price - B70

    £201,641

    13

    National percentile

    Average Net Household Income - B70

    £29,956

    7

    National percentile

    10-Year Annualised Price Growth - B70

    4.0%

    67

    National percentile

    10-Year Annualised Rent Growth - B

    4.4%

    77

    National percentile

    View full analysis for B70

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