2, Foundry Yard 56
2, Foundry Yard 56
Description & Estimates
According to the public record, 2, Foundry Yard 56, Gainsborough is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a modern apartment with 597 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Based on available information, and assuming reasonable condition, the estimated sale value for 2, Foundry Yard 56, Gainsborough is £88,904 and the estimated rental value is £422 per month.
The apartment is within Foundry Yard, Bridge Street, Gainsborough, DN21.
Bridge Street, Gainsborough, DN21 is located in the borough of West Lindsey within the DN21 postal district.
Our Data Sources
2, Foundry Yard 56, Gainsborough has a single entry in the Land Registry from February 2020 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.
The local information is scored as 1 out of 5 and is considered of low accuracy.
Price Range & Condition
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 2, Foundry Yard 56, Gainsborough is in very good condition we estimate a sale value of £93,350 and a rental value of £443 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £82,681 and a rental value of £393 per month.
Recent Market Change
Over the past 12 months, the estimated sale value of 2, Foundry Yard 56, Gainsborough has decreased by £1,891 (2.1%), while its estimated rental value has grown by £11 per month (2.6%). Based on current estimates, the property offers a gross rental yield of 5.7%.
Sold Prices
According to HM Land Registry, 2, Foundry Yard 56, Gainsborough was last sold on 21st February 2020 for £64,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since February 2020, the market for similar properties has risen by 28.9%.
- Sold Feb 2020£64,000
Similar Properties Sold Nearby
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2, Foundry Yard 56, Gainsborough within a radius of 680 metres over the last 2 years.
The most recent example is Apartment 48, Granary Wharf, Bridge Street, Gainsborough, DN21 2AT, a leasehold flat which sold for £65,000 on the 30th October 2024.
Read more about house prices in DN21.
- Sold Oct 2024£65,000 | 2 Bed FlatGranary Wharf, Bridge StreetApartment 48, Granary Wharf, Bridge Street, Gainsborough, DN21 2AT
- Sold Dec 2023£80,500 | 2 Bed FlatMiller Court 92, Bridge StreetApartment 9, Miller Court 92, Bridge Street, Gainsborough, DN21 1LP
- Sold Apr 2022£88,000 | 2 Bed FlatGranary Wharf, Bridge StreetApartment 20, Granary Wharf, Bridge Street, Gainsborough, DN21 2AT
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
More reading links
Location Comparison
Bridge Street, Gainsborough, DN21 has a total of 184 addresses. According to our analysis of all the public data, 2, Foundry Yard 56, Gainsborough is the 102nd largest and the 81st most expensive property on the street.
When compared to the postcode district it is £98k less expensive than the average property in DN21.
More reading links
Schools Nearby
- 700mThe Gainsborough Parish Church Primary School
- 900mBenjamin Adlard Primary School
- 1.1kmThe Gainsborough Hillcrest Early Years Academy
- 1.8kmThe Queen Elizabeth's High School, Gainsborough
- 2.0kmThe Gainsborough Academy
- 13.7kmThe Elizabethan Academy
More reading links
Public Transport Nearby
The closest station to 2, Foundry Yard 56, Gainsborough is Gainsborough Central station, which is 600 metres away.
- 600mGainsborough Central
- 1.2kmGainsborough Lea Road
- 14.5kmRetford
Risk of Flooding
According to data from the Environment Agency, the flood risk in this area is considered to be low.
