56 Melrose Drive

    56, MELROSE DRIVE, WOLVERHAMPTON, WOLVERHAMPTON, WV6 7XQ

    This terraced leasehold property on Melrose Drive last sold in May 2002 for £60,000. Based on price growth in the WV6 district since then, its estimated current value is £190,552 — placing it in the 22nd percentile nationally and the 23rd percentile within WV6. The property covers 27 m² (291 sq ft), giving an estimated value of £7,057 per m². The EPC rating is C, with a potential rating of C.

    Type

    Terraced

    Tenure

    Leasehold

    Floor Area

    291 sq ft

    27 m²

    Last Sale Price

    £60,000

    May 2002

    Estimated Valuation

    £190,552

    Est. £/sq ft

    £656/sq ft

    £7,057/m²

    Property Details

    TypeTerraced
    TenureLeasehold
    Built formSemi-Detached
    Construction ageEngland and Wales: 1983-1990
    Habitable rooms2
    Main fuelmains gas (not community)
    EPC currentC
    EPC potentialC
    Floor area291 sq ft (27 m²)
    EPC dateOct 2019
    WallsTimber frame, as built, insulated (assumed)
    HeatingBoiler and radiators, mains gas

    Transaction History

    31 May 2002

    £60,000

    28 Oct 1998

    £34,000

    Key Metrics

    Estimated valuation£190,552
    Value per sq ft / m²£656/sq ft (£7,057/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    WV6 district percentile23rd percentile
    National percentile22nd 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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