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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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2, Park Close, Gainsborough is recorded publicly as a modern freehold house across 1,625 ft2 of internal area, sitting on a 1,827 m2 plot.
Locally, houses of this size normally have 4 bedrooms with a garden.
Our estimate of the sale value of 2, Park Close, Gainsborough is £459,120 and its rental estimate is £1,547 per month, given the available information and assuming reasonable condition.
Park Close, Lea, Gainsborough, DN21 falls within the DN21 postal district, in the borough of West Lindsey.
2, Park Close, Gainsborough has a single entry in the Land Registry from May 2022 and a single entry in the EPC database dated September 2021.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 1 out of 5 and is considered of low accuracy.
The condition of a property plays an important role in determining its value, with the degree of impact varying by property type, size and location.
For 2, Park Close, Gainsborough, we estimate a market value of £482,076 and a rental value of £1,624 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £426,981 and £1,439 per month respectively.
Over the last year, 2, Park Close, Gainsborough has seen its estimated sale value drop by £7,536 (1.6%) and its estimated rental value rise by £55 per month (3.5%). This results in an estimated gross rental yield of 4.0%.
HM Land Registry records the plot of land for 2, Park Close, Gainsborough as measuring 1,827 m2.
That makes it the 2nd largest plot in the postcode, where 6 of the 8 other houses have recorded plot data.
2, Park Close, Gainsborough has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 06 Sep 2021.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
The most recent sale of 2, Park Close, Gainsborough completed on 5th May 2022 at £441,000 and was recorded by HM Land Registry as a freehold house.
Since 1995 this is the property's only sale.
Values of comparable properties have dropped by 7.1% over the period since May 2022.
Over the past 2 years 3 properties similar to 2, Park Close, Gainsborough have sold within a radius of 2.3 kilometres, per the Land Registry and our network of Estate Agents.
The latest, on the 26th July 2024, was 89, Gainsborough Road, Gainsborough, DN21 5JJ, a freehold house which sold for £405,000.
Read more about house prices in DN21.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Of the 8 addresses on Park Close, Lea, Gainsborough, DN21, 2, Park Close, Gainsborough comes out as the 8th largest and the 6th most expensive in our analysis of the public data.
It is also £272k more expensive than the average property across the DN21 district.
From 2, Park Close, Gainsborough, the nearest station is Gainsborough Lea Road, 2.1 kilometres away.
Broadband here reaches superfast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Superfast broadband is available in the area.
The flood risk here is rated very low, based on Environment Agency data.
The recent census recorded whether a resident owned or rented their home.
In the area around 2, Park Close, Gainsborough, 59.8% of property is privately owned outright and 27.9% is privately owned with a mortgage.
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, Park Close, Gainsborough, 15.3% of residents are recorded as possessing school level qualifications and 38.6% 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, Park Close, Gainsborough, the average age was 50.1 and the most common age was 72.
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, Park Close, Gainsborough, 1.5% 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, Park Close, Gainsborough, 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.
