According to the public record, 2, Ray Close, Petersfield is a modern leasehold apartment with 656 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Ray Close, Petersfield, GU31 is located in the borough of East Hampshire within the GU31 postal district.
2, Ray Close, Petersfield has a single entry in the Land Registry database from October 2013 and a single entry in the EPC database dated July 2013.
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 Ray Close Petersfield as £134,998 and the rental value as £652 per month giving an expected gross yield of 5.8%.
Over the last 12 months the sale value of 2 Ray Close Petersfield has increased by £3,238 (2.4%) and its rental value has increased by £47 per month (7.3%).
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, Ray Close, Petersfield is in very good condition we estimate a sale value of £141,748 and rental value of £685 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £125,548 and a rental value of £607 per month.
If you were able to purchase this property for the estimated value of £134,998, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £663 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, Ray Close, Petersfield was last sold on 31 Oct 2013 for £95,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Oct 2013, the market for similar properties has risen 34.6%
According to the Land Registry and our network of Estate Agents, there have been 1 sale of a property similar to 2, Ray Close, Petersfield within a radius of 700 metres over the last 2 years.
The most recent example is 5, Ray Close, Petersfield, GU31 4SP, a Leasehold flat which sold for £140,000 in Apr 2022.
Read more about house prices in GU31.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Ray Close, Petersfield, GU31 has a total of 16 addresses. According to our analysis of all the public data, 2, Ray Close, Petersfield is the 5th largest and the 6th most expensive property on the street.
When compared to the postcode district it is £452k less expensive than the average property in GU31.
2, Ray Close, Petersfield has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 09 Jul 2013.
The property is connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
The closest station to 2, Ray Close, Petersfield is Petersfield station which is 900 metres 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, Ray Close, Petersfield, 31.9% of property is privately owned with a mortgage and 24.4% is privately owned outright.
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, Ray Close, Petersfield, 14.7% of residents are recorded as possessing school level qualifications and 47.3% 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, Ray Close, Petersfield, the average age was 46.1 and the most common age was 57.
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, Ray Close, Petersfield, 0.0% 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, Ray Close, Petersfield, there are an average of 1.4 cars per household.
See below for how this compares to South East and the rest of England & Wales.