Melksham

Area Guide For Melksham

Melksham is a medium-sized English town, lying on the River Avon. It lies in the county of Wiltshire. It is situated 19 km (12 mi) southeast of the city of Bath, 11 km (6.8 mi) south of Chippenham, 8 miles (13 km) west of Devizes and 14 miles (23 km) north of Warminster on the A350 national route. The 2001 UK census cited Melksham as having 20,000 inhabitants, including sizeable environs such as Bowerhill and Berryfield. As such it is Wiltshire's fifth-largest town by population after Swindon, Salisbury, Chippenham and Trowbridge. The town of Melksham developed at a ford across the River Avon and the name is presumed to derive from "meolc", the Old English for milk, and "ham", a village. On John Speed's map of Wiltshire (1611), the name is spelt both Melkesam (for the hundred) and Milsham (for the town itself). Melksham was a royal estate at the time of the Norman Conquest In 1539 the prioress and nuns of Amesbury surrendered their Melksham estates to the king which they had held for about 250 years. This property, which consisted of the Lordship of the Manor and Hundred, was in 1541 granted to Sir Thomas Seymour. Seymour then sold it to Henry Brouncker, who had already made

 
 

Melksham Map

Estimated Price: £233,639
Average Asking Price: £273,830
Price change in last one year: £9,276
Average Price Paid: £200,356
Average Rent Rates: £1,064

 
 

Property Prices Breakdown in Melksham

Average Price for property in Melksham is around £233,639 which varies based on type of property you are interested in and ranges from £328,873 for detached house to around £204,720 for semi-detached. Similarly terraced house is around £171,524 and a flat is worth £113,375. Values have been changing and have risen £154 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £158 in last 6 months, £9,276 in last 1 year, £23,003 in last 2 years, £20,054 in last 3 years, £17,607 in last 4 years and £20,419 in last 5 years.

Currently average asking price of a property in Melksham is around £273,830 based on approximately 517 properties for sale. Same is the case with rental options based on 16 properties up for rent, average asking rent is around £1,064 per month.

Estimated property value in Melksham is £233,639. Average asking price is £273,830 while average price paid is £201,877 which is up by £9,276 and Avg. asking rent £1,064.Based on an Online Survey

Buyers are willing to pay high dollar prices to grab these properties because of the recent trend in real estate investment especially in Melksham area. In last 1 year alone average price buyer paid is around £201,877 based on approximately 517 sales in Melksham area alone. If you compare it to last 3 years sales of 1,496 properties where buyers paid around £197,302. It has been same for some time now for e.g. if you take an average of amount paid in last 5 years, it comes to around £200,356 for 2,201 and average amount paid for purchase of approx. 2,791 properties sold in last 7 years comes to about £197,151 per sale.

 
 

Properties For Sale in Melksham

 
 

Breakdown of asking prices for homes of different sizes show that price varies clearly based on no of bedrooms and type of house. Asking price for a house with 1 bedroom is around £91,950, £178,058 for a 2 bedroom house, £232,060 for a 3 bedroom house, £330,927 for a 4 bedroom house and £407,486 for a 5 bedroom house. For a flat similarly the prices varies from £85,250 for a single bedroom to £92,050 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £130,000. To sum up the asking prices for properties in Melksham it comes to around average £87,483 for 1 bedroom property, £146,371 for 2 bedroom, £229,059 for 3 bedroom, £330,927 for 4 bedroom and £407,486 for a 5 bedroom property.

Rent per calendar month varies similarly based on type and size of the house. If you look at the rents per month for houses alone it can vary from £674 for 2 bedroom to £974 for 3 bedroom and £1,567 for 4 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £498. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £550. You should be generally be expecting around average £498 rent per month for single bedroom property, £654 for 2 bedroom, £974 for 3 bedroom and approximately £1,567 for 4 bedroom property in Melksham area.

Popular Houses in Melksham

Disclaimer : Location real estate estimates and values are based on House price index background data and Sales data provided by United Kingdom Land registry Records available as public records from their website. This information is updated monthly on our website and may not reflect all public transactions. This information is based on estimated calculation generated from our developed algorithms. We are striving to make this information as accurate and useful as possible. This data covers the transactions received at Land Registry in the period 1/1/1995 to 9/1/2014. © Crown copyright 2014. Data produced by Land Registry © Crown copyright 2014.

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