According to the public record, 2, North Lane, Salisbury is a period freehold house with 1,657 ft2 of internal area and sits on a 997 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
North Lane, West Tytherley, Salisbury, SP5 is located in the borough of Test Valley within the SP5 postal district.
2, North Lane, Salisbury has a single entry in the Land Registry database from January 2021 and a single entry in the EPC database dated September 2020.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 2 North Lane Salisbury as £679,326 and the rental value as £1,902 per month giving an expected gross yield of 3.4%.
Over the last 12 months the sale value of 2 North Lane Salisbury has decreased by £2,426 (0.4%) and its rental value has increased by £46 per month (2.4%).
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, North Lane, Salisbury is in very good condition we estimate a sale value of £713,292 and rental value of £1,997 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £631,773 and a rental value of £1,769 per month.
If you were able to purchase this property for the estimated value of £679,326, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £3,339 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 data from HM Land Registry, 2, North Lane, Salisbury sits on a plot of 997m2.
We have plot size data on 10 out of 14 other houses in the postcode and 2, North Lane, Salisbury sits on the largest plot.
According to HM Land Registry, 2, North Lane, Salisbury was last sold on 18 Jan 2021 for £705,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Jan 2021, the market for similar properties has risen 11.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2, North Lane, Salisbury within a radius of 4.8 kilometres over the last 2 years.
The most recent example is The Old Forge Cottage, The Village, Salisbury, SP5 1JX, a Freehold house which sold for £645,000 in Nov 2020.
Read more about house prices in SP5.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
North Lane, West Tytherley, Salisbury, SP5 has a total of 21 addresses. According to our analysis of all the public data, 2, North Lane, Salisbury is the 10th largest and the 11th most expensive property on the street.
When compared to the postcode district it is £142k more expensive than the average property in SP5.
2, North Lane, Salisbury has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 30 Sep 2020.
The property is not connected to mains gas and has fully double glazed windows. It is heated using an oil fired boiler and radiators.
The closest station to 2, North Lane, Salisbury is Dean (Wilts) station which is 3.7 kilometres 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, North Lane, Salisbury, 33.9% of property is privately owned outright and 26.0% is privately rented.
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, North Lane, Salisbury, 15.0% of residents are recorded as possessing school level qualifications and 47.0% 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, North Lane, Salisbury, the average age was 46.5 and the most common age was 52.
The graph below shows how this compares to South East 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, North Lane, Salisbury, 0.9% of property was a second home.
Comparison figures for South East 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, North Lane, Salisbury, there are an average of 1.8 cars per household.
See below for how this compares to South East and the rest of England & Wales.