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Bricks&Logic is a trading name of Urban Markets Ltd
Company No. 11113204
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VAT No. GB 287 0845 68
Registered Address: 2 Leman St, London E1 8FA
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According to the public record, 2, Oakes Close, Nottingham is a modern freehold house with 1,453 ft2 of internal area.
Houses of this size in this area normally have 4 bedrooms with a garden.
Based on available information, and assuming reasonable condition, the estimated sale value for 2, Oakes Close, Nottingham is £346,896 and the estimated rental value is £1,254 per month.
Oakes Close, Langley Mill, Nottingham, NG16 is located in the borough of Amber Valley within the NG16 postal district.
2, Oakes Close, Nottingham has a single entry in the Land Registry from February 2020 and a single entry in the EPC database dated February 2020.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 4 out of 5 and is considered of high accuracy.
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, Oakes Close, Nottingham is in very good condition we estimate a sale value of £364,240 and a rental value of £1,316 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £322,613 and a rental value of £1,166 per month.
Over the last 12 months the sale value of 2 Oakes Close Nottingham has decreased by an estimated £12,947 (3.7%) and its rental value has increased by an estimated £16 per month (1.3%), giving an expected gross yield of 4.3%.
2, Oakes Close, Nottingham has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 10 Feb 2020.
The property is not connected to mains gas and has high performance glazing. It is heated using Boiler and radiators, mains gas.
According to HM Land Registry, 2, Oakes Close, Nottingham was last sold on 28th February 2020 for £290,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since February 2020, the market for similar properties has risen 23.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2, Oakes Close, Nottingham within a radius of 960 metres over the last 2 years.
The most recent example is 19, Chapel Gate Lane, Nottingham, NG16 4HN, a freehold house which sold for £365,000 on the 3rd November 2023.
Read more about house prices in NG16.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Oakes Close, Langley Mill, Nottingham, NG16 has a total of 7 addresses. According to our analysis of all the public data, 2, Oakes Close, Nottingham is the 2nd largest and the most expensive property on the street.
When compared to the postcode district it is £129k more expensive than the average property in NG16.
The closest station to 2, Oakes Close, Nottingham is Langley Mill station which is 1.2 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 2, Oakes Close, Nottingham, 42.3% of property is privately owned with a mortgage and 37.7% is privately owned outright.
The graph below shows how this compares to East Midlands 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 2, Oakes Close, Nottingham, 15.1% of residents are recorded as possessing school level qualifications and 24.6% as possessing degree level qualifications.
The graph below shows how this compares to East Midlands and the rest of England & Wales.
The most recent census in 2021 recorded the age of all UK residents.
In the area around 2, Oakes Close, Nottingham, the average age was 41.4 and the most common age was 52.
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 2, Oakes Close, Nottingham, 1.2% 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 2, Oakes Close, Nottingham, there are an average of 1.6 cars per household.
See below for how this compares to East Midlands and the rest of England & Wales.
