Melton Constable

Area Guide For Melton Constable

Melton Constable is a town and civil parish in the English region of Norfolk. It covers a region of 6.96 km2 and had a populace of 518 in 225 families at the 2001 statistics. For the reasons of nearby government, it falls inside the locale of North Norfolk. The town sits on genuinely high ground south-west of Holt.

 

The spot name 'Melton Constable' is initially authenticated in the Domesday Book of 1086, where it shows up as 'Maeltuna'. This may mean either 'centre town' or 'plant town'. There is a reference to 'Constabularius de Melton' in 1197, as the area was held by the constable of the diocesan of Norwich.

 
 

Melton Constable Map

Estimated Price: £262,178
Average Asking Price: £319,920
Price change in last one year: £19,231
Average Price Paid: £222,098
Average Rent Rates: £1,228

 
 

Property Prices Breakdown in Melton Constable

Average Price for property in Melton Constable is around £262,178 which varies based on type of property you are interested in and ranges from £351,098 for detached house to around £205,705 for semi-detached. Similarly terraced house is around £148,944 and a flat is worth £154,741. Values have been changing and have risen £1,243 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £2,430 in last 6 months, £19,231 in last 1 year, £27,637 in last 2 years, £35,843 in last 3 years, £34,549 in last 4 years and £31,608 in last 5 years.

Currently average asking price of a property in Melton Constable is around £319,920 based on approximately 70 properties for sale. Same is the case with rental options based on 9 properties up for rent, average asking rent is around £1,228 per month.

Estimated property value in Melton Constable is £262,178. Average asking price is £319,920 while average price paid is £241,122 which is up by £19,231 and Avg. asking rent £1,228.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 Melton Constable area. In last 1 year alone average price buyer paid is around £241,122 based on approximately 70 sales in Melton Constable area alone. If you compare it to last 3 years sales of 205 properties where buyers paid around £221,905. 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 £222,098 for 333 and average amount paid for purchase of approx. 474 properties sold in last 7 years comes to about £218,065 per sale.

 
 

Properties For Sale in Melton Constable

 
 

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 2 bedroom is around £194,994, £185,700 for a 3 bedroom house, £578,182 for a 4 bedroom house and £609,992 for a 5 bedroom house. For a flat similarly the prices varies from £73,000 for a single bedroom to £99,950 for a 2 bedroom Flat. To sum up the asking prices for properties in Melton Constable it comes to around average £73,000 for 1 bedroom property, £185,490 for 2 bedroom, £185,700 for 3 bedroom, £578,182 for 4 bedroom and £609,992 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 £549 for 2 bedroom to £544 for 3 bedroom, £1,200 for 4 bedroom and £897 for 5 bedroom. You should be generally be expecting around average £549 rent per month for 2 bedroom property, £544 for 3 bedroom, £1,200 for 4 bedroom and approximately £897 for 5 bedroom property in Melton Constable area.

Popular Houses in Melton Constable

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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