According to the public record, Flat 2, Vellum House, Nottingham is a modern leasehold apartment and with 430 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in Vellum House, Watermark Close, Nottingham, NG5.
Watermark Close, Nottingham, NG5 is located within the NG5 postal district.
Flat 2, Vellum House, Nottingham has 3 entries in the Land Registry database, most recently in July 2020 and no records in the EPC database.
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 Vellum House Nottingham as £108,174 and the rental value as £575 per month giving an expected gross yield of 6.4%.
Over the last 12 months the sale value of Flat 2 Vellum House Nottingham has increased by £2,724 (2.5%) and its rental value has increased by £58 per month (10.0%).
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, Vellum House, Nottingham is in very good condition we estimate a sale value of £113,583 and rental value of £604 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £100,602 and a rental value of £535 per month.
If you were able to purchase this property for the estimated value of £108,174, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £532 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, Vellum House, Nottingham was last sold on 15 Jul 2020 for £96,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Jul 2020, the market for similar properties has risen 14.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 2, Vellum House, Nottingham within a radius of 66m over the last 2 years.
The most recent example is 17, Serif Close, Nottingham, NG5 1QQ, a Leasehold flat which sold for £93,000 in Dec 2015.
Read more about house prices in NG5.
Watermark Close, Nottingham, NG5 has a total of 41 addresses. According to our analysis of all the public data, Flat 2, Vellum House, Nottingham is the 37th largest and the 37th most expensive property on the street.
When compared to the postcode district it is £93k less expensive than the average property in NG5.
Flat 2, Vellum House, Nottingham has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 02 Mar 2010.
The property is not connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
The closest station to Flat 2, Vellum House, Nottingham is Nottingham station which is 3.4 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, Vellum House, Nottingham, 40.7% of property is privately owned with a mortgage and 36.4% 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, Vellum House, Nottingham, 16.2% of residents are recorded as possessing school level qualifications and 53.2% 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, Vellum House, Nottingham, the average age was 34.7 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, Vellum House, Nottingham, 1.6% 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, Vellum House, Nottingham, there are an average of 1.0 cars per household.
See below for how this compares to East Midlands and the rest of England & Wales.