48 Melrose Drive

    48, MELROSE DRIVE, WOLVERHAMPTON, WV6 7XQ

    This flat/maisonette leasehold property on Melrose Drive last sold in November 2018 for £85,000. Based on price growth in the WV6 district since then, its estimated current value is £58,081 — placing it in the 0th percentile nationally and the 1st percentile within WV6. The property covers 38 m² (409 sq ft), giving an estimated value of £1,528 per m². The EPC rating is D, with a potential rating of C.

    Type

    Flat/Maisonette

    Tenure

    Leasehold

    Floor Area

    409 sq ft

    38 m²

    Last Sale Price

    £85,000

    Nov 2018

    Estimated Valuation

    £58,081

    Est. £/sq ft

    £142/sq ft

    £1,528/m²

    Property Details

    TypeFlat/Maisonette
    TenureLeasehold
    Built formEnd-Terrace
    Construction ageEngland and Wales: 1996-2002
    Habitable rooms2
    Main fuelelectricity (not community)
    EPC currentD
    EPC potentialC
    Floor area409 sq ft (38 m²)
    EPC dateApr 2018
    WallsCavity wall, as built, insulated (assumed)
    HeatingElectric storage heaters

    Transaction History

    23 Nov 2018

    £85,000

    24 Nov 2000

    £39,000

    2 Dec 1996

    £29,500

    Key Metrics

    Estimated valuation£58,081
    Value per sq ft / m²£142/sq ft (£1,528/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    WV6 district percentile1st percentile
    National percentile0th percentile

    District Context — WV6

    WV6 covers parts of Wolverhampton and surrounding areas in the West Midlands, positioned in the central belt of the region. It is a mixed residential neighbourhood with a diverse community and moderate housing demand.

    Average Property Price - WV6

    £308,353

    44

    National percentile

    Average Net Household Income - WV6

    £28,768

    6

    National percentile

    10-Year Annualised Price Growth - WV6

    4.2%

    72

    National percentile

    10-Year Annualised Rent Growth - WV

    4.8%

    92

    National percentile

    View full analysis for WV6

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