According to the public record, 8, Foundry Lane, Chippenham is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a modern apartment with 619 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Foundry Lane, Chippenham, SN15 is located within the SN15 postal district.
8, Foundry Lane, Chippenham has a single entry in the Land Registry database from March 2021 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 good condition, we estimate the current sale value for 8 Foundry Lane Chippenham as £203,660 and the rental value as £906 per month giving an expected gross yield of 5.3%.
Over the last 12 months the sale value of 8 Foundry Lane Chippenham has increased by £5,754 (2.8%) and its rental value has increased by £52 per month (5.7%).
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 8, Foundry Lane, Chippenham is in very good condition we estimate a sale value of £213,843 and rental value of £951 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £189,403 and a rental value of £842 per month.
If you were able to purchase this property for the estimated value of £203,660, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,001 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, 8, Foundry Lane, Chippenham was last sold on 26 Mar 2021 for £174,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Mar 2021, the market for similar properties has risen 11.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 8, Foundry Lane, Chippenham within a radius of 660 metres over the last 2 years.
The most recent example is 42, Foundry Lane, Chippenham, SN15 1JB, a Leasehold flat which sold for £168,000 in Jun 2022.
Read more about house prices in SN15.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Foundry Lane, Chippenham, SN15 has a total of 46 addresses. According to our analysis of all the public data, 8, Foundry Lane, Chippenham is the 34th largest and the 33rd most expensive property on the street.
When compared to the postcode district it is £166k less expensive than the average property in SN15.
The closest station to 8, Foundry Lane, Chippenham is Chippenham station which is 300 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 8, Foundry Lane, Chippenham, 38.2% of property is privately owned outright and 33.1% 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 8, Foundry Lane, Chippenham, 14.4% of residents are recorded as possessing school level qualifications and 42.7% 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 8, Foundry Lane, Chippenham, the average age was 40.6 and the most common age was 52.
The graph below shows how this compares to South West 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 8, Foundry Lane, Chippenham, 2.5% of property was a second home.
Comparison figures for South West 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 8, Foundry Lane, Chippenham, there are an average of 1.3 cars per household.
See below for how this compares to South West and the rest of England & Wales.