According to the public record, Flat 2, 16, Market Place, Chippenham is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a modern apartment with 602 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in 16, Market Place, Chippenham, SN15.
Market Place, Chippenham, SN15 is located within the SN15 postal district.
Flat 2, 16, Market Place, Chippenham has a single entry in the Land Registry database from January 2024 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 Flat 2 16 Market Place Chippenham as £119,037 and the rental value as £675 per month giving an expected gross yield of 6.8%.
Over the last 12 months the sale value of Flat 2 16 Market Place Chippenham has increased by £3,507 (2.9%) and its rental value has increased by £39 per month (5.8%).
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 Flat 2, 16, Market Place, Chippenham is in very good condition we estimate a sale value of £124,989 and rental value of £709 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £110,704 and a rental value of £628 per month.
If you were able to purchase this property for the estimated value of £119,037, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £585 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, Flat 2, 16, Market Place, Chippenham was last sold on 19 Jan 2024 for £115,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Jan 2024, the market for similar properties has risen 5.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 2, 16, Market Place, Chippenham within a radius of 640 metres over the last 2 years.
The most recent example is 53, Field View, Chippenham, SN15 2QT, a Leasehold flat which sold for £125,000 in Aug 2021.
Read more about house prices in SN15.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Market Place, Chippenham, SN15 has a total of 62 addresses. According to our analysis of all the public data, Flat 2, 16, Market Place, Chippenham is the 31st largest and the 46th most expensive property on the street.
When compared to the postcode district it is £250k less expensive than the average property in SN15.
The closest station to Flat 2, 16, Market Place, Chippenham is Chippenham station which is 600 metres away.
The recent census recorded whether a resident owned or rented their home.
In the area around Flat 2, 16, Market Place, Chippenham, 60.0% of property is privately rented and 26.0% 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 Flat 2, 16, Market Place, Chippenham, 10.6% of residents are recorded as possessing school level qualifications and 39.9% 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 Flat 2, 16, Market Place, Chippenham, the average age was 43.5 and the most common age was 27.
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 Flat 2, 16, Market Place, Chippenham, 1.3% 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 Flat 2, 16, Market Place, Chippenham, there are an average of 0.6 cars per household.
See below for how this compares to South West and the rest of England & Wales.