According to the public record, 2, Gorse Hill, Nottingham is a freehold house.
By comparing it to neighbours, we estimate that it is a modern house with 1,184 ft2 of internal area and a garden.
Houses of this size in this area normally have 4 bedrooms.
Gorse Hill, Ravenshead, Nottingham, NG15 is located in the borough of Gedling within the NG15 postal district.
2, Gorse Hill, Nottingham has a single entry in the Land Registry database from February 2007 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 2 Gorse Hill Nottingham as £455,737 and the rental value as £1,702 per month giving an expected gross yield of 4.5%.
Over the last 12 months the sale value of 2 Gorse Hill Nottingham has increased by £14,743 (3.2%) and its rental value has increased by £78 per month (4.6%).
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If 2, Gorse Hill, Nottingham is in very good condition we estimate a sale value of £478,524 and rental value of £1,787 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £423,836 and a rental value of £1,583 per month.
If you were able to purchase this property for the estimated value of £455,737, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,240 per month.
This figure is only an estimate but we've partnered with Mortgage Advice Bureau who can provide a figure tailored for you! Get started using their mortgage finder below.
According to HM Land Registry, 2, Gorse Hill, Nottingham was last sold on 19 Feb 2007 for £290,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Feb 2007, the market for similar properties has risen 60.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2, Gorse Hill, Nottingham within a radius of 104m over the last 2 years.
The most recent example is 19, Gorse Hill, Nottingham, NG15 9AF, a Freehold house which sold for £370,000 in Oct 2022.
Read more about house prices in NG15.
Gorse Hill, Ravenshead, Nottingham, NG15 has a total of 21 addresses. According to our analysis of all the public data, 2, Gorse Hill, Nottingham is the 14th largest and the 12th most expensive property on the street.
When compared to the postcode district it is £197k more expensive than the average property in NG15.
The closest station to 2, Gorse Hill, Nottingham is Newstead station which is 4.1 km away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around 2, Gorse Hill, Nottingham, 63.2% of property is privately owned outright and 29.4% is privately owned with a mortgage.
The graph below shows how this compares to Greater London and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around 2, Gorse Hill, Nottingham, 12.2% of residents are recorded as possessing school level qualifications and 41.5% as possessing degree level qualifications.
The graph below shows how this compares to Greater London and the rest of England & Wales
The most recent census in 2021 recorded the age of all UK residents.
In the area around 2, Gorse Hill, Nottingham, the average age was 46 and the most common age was 57.
The graph below shows how this compares to East Midlands and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around 2, Gorse Hill, Nottingham, 0.7% of property was a second home.
Comparison figures for East Midlands and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around 2, Gorse Hill, Nottingham, there are an average of 1.8 cars per household.
See below for how this compares to East Midlands and the rest of England & Wales.