According to the public record, Flat 2, 58, Gibb Street, Nottingham is a modern leasehold apartment and with 570 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in 58, Gibb Street, Long Eaton, Nottingham, NG10.
Gibb Street, Long Eaton, Nottingham, NG10 is located in the borough of Erewash within the NG10 postal district.
Flat 2, 58, Gibb Street, Nottingham has 31 entries in the Land Registry database, most recently in December 2020 and 2 entries in the EPC database, most recently in October 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 Flat 2 58 Gibb Street Nottingham as £107,787 and the rental value as £685 per month giving an expected gross yield of 7.6%.
Over the last 12 months the sale value of Flat 2 58 Gibb Street Nottingham has decreased by £256 (0.2%) and its rental value has increased by £39 per month (5.6%).
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, 58, Gibb Street, Nottingham is in very good condition we estimate a sale value of £113,176 and rental value of £719 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £100,242 and a rental value of £637 per month.
If you were able to purchase this property for the estimated value of £107,787, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £530 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, 58, Gibb Street, Nottingham was last sold on 18 Dec 2020 for £90,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Dec 2020, the market for similar properties has risen 16.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 2, 58, Gibb Street, Nottingham within a radius of 278m over the last 2 years.
The most recent example is 21 Rowe Court, Acton Road, Nottingham, NG10 1QX, a Leasehold flat which sold for £115,000 in Aug 2023.
Read more about house prices in NG10.
Gibb Street, Long Eaton, Nottingham, NG10 has a total of 49 addresses. According to our analysis of all the public data, Flat 2, 58, Gibb Street, Nottingham is the 12th largest and the 34th most expensive property on the street.
When compared to the postcode district it is £148k less expensive than the average property in NG10.
Flat 2, 58, Gibb Street, Nottingham has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 16 Oct 2020.
The property is not connected to mains gas and has fully double glazed windows. It is heated using electric storage heaters.
The closest station to Flat 2, 58, Gibb Street, Nottingham is Long Eaton station which is 1.7 km 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 Flat 2, 58, Gibb Street, Nottingham, 31.5% of property is socially rented and 29.6% 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 Flat 2, 58, Gibb Street, Nottingham, 13.3% of residents are recorded as possessing school level qualifications and 26.7% 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 Flat 2, 58, Gibb Street, Nottingham, the average age was 38.8 and the most common age was 27.
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 Flat 2, 58, Gibb Street, Nottingham, 0.0% 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 Flat 2, 58, Gibb Street, Nottingham, there are an average of 0.7 cars per household.
See below for how this compares to East Midlands and the rest of England & Wales.