According to the public record, 5, Glovers Lane, Wellingborough is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a modern apartment with 752 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Glovers Lane, Raunds, Wellingborough, NN9 is located within the NN9 postal district.
5, Glovers Lane, Wellingborough has a single entry in the Land Registry database from August 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 5 Glovers Lane Wellingborough as £154,548 and the rental value as £718 per month giving an expected gross yield of 5.6%.
Over the last 12 months the sale value of 5 Glovers Lane Wellingborough has decreased by £1,805 (1.2%) and its rental value has increased by £32 per month (4.5%).
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 5, Glovers Lane, Wellingborough is in very good condition we estimate a sale value of £162,275 and rental value of £754 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £143,730 and a rental value of £668 per month.
If you were able to purchase this property for the estimated value of £154,548, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £760 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, 5, Glovers Lane, Wellingborough was last sold on 29 Aug 2007 for £125,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Aug 2007, the market for similar properties has risen 29.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 5, Glovers Lane, Wellingborough within a radius of 630 metres over the last 2 years.
The most recent example is 12A , Hollington Road, Wellingborough, NN9 6NH, a Leasehold flat which sold for £142,000 in Sep 2023.
Read more about house prices in NN9.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Glovers Lane, Raunds, Wellingborough, NN9 has a total of 19 addresses. According to our analysis of all the public data, 5, Glovers Lane, Wellingborough is the 7th largest and the 18th most expensive property on the street.
When compared to the postcode district it is £108k less expensive than the average property in NN9.
The closest station to 5, Glovers Lane, Wellingborough is Wellingborough station which is 10.1 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 5, Glovers Lane, Wellingborough, 50.8% of property is privately owned outright and 41.8% 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 5, Glovers Lane, Wellingborough, 13.8% of residents are recorded as possessing school level qualifications and 29.7% 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 5, Glovers Lane, Wellingborough, the average age was 41.9 and the most common age was 52.
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 5, Glovers Lane, Wellingborough, 1.7% 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 5, Glovers Lane, Wellingborough, there are an average of 1.6 cars per household.
See below for how this compares to East Midlands and the rest of England & Wales.