According to the public record, Flat 5, The Gallery, Marlborough is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a modern apartment with 730 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in The Gallery, Back Lane, Ramsbury, Marlborough, SN8.
Back Lane, Ramsbury, Marlborough, SN8 is located within the SN8 postal district.
Flat 5, The Gallery, Marlborough has 21 entries in the Land Registry database, most recently in November 2019 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 5 The Gallery Marlborough as £239,649 and the rental value as £1,057 per month giving an expected gross yield of 5.3%.
Over the last 12 months the sale value of Flat 5 The Gallery Marlborough has decreased by £2,795 (1.2%) and its rental value has increased by £17 per month (1.6%).
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 5, The Gallery, Marlborough is in very good condition we estimate a sale value of £251,631 and rental value of £1,110 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £222,874 and a rental value of £983 per month.
If you were able to purchase this property for the estimated value of £239,649, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,178 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 5, The Gallery, Marlborough was last sold on 11 Nov 2019 for £240,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Nov 2019, the market for similar properties has risen 10.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 5, The Gallery, Marlborough within a radius of 4.8 kilometres over the last 2 years.
The most recent example is 7, Isles Court, Marlborough, SN8 2QW, a Leasehold flat which sold for £213,000 in Aug 2023.
Read more about house prices in SN8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Back Lane, Ramsbury, Marlborough, SN8 has a total of 30 addresses. According to our analysis of all the public data, Flat 5, The Gallery, Marlborough is the 27th largest and the 28th most expensive property on the street.
When compared to the postcode district it is £292k less expensive than the average property in SN8.
The closest station to Flat 5, The Gallery, Marlborough is Bedwyn station which is 7.1 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 Flat 5, The Gallery, Marlborough, 51.4% of property is privately owned outright and 31.5% 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 Flat 5, The Gallery, Marlborough, 22.9% of residents are recorded as possessing school level qualifications and 49.0% 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 5, The Gallery, Marlborough, the average age was 46.2 and the most common age was 57.
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 5, The Gallery, Marlborough, 1.6% 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 5, The Gallery, Marlborough, there are an average of 1.9 cars per household.
See below for how this compares to South West and the rest of England & Wales.