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According to the public record, 507B, Lower Somercotes, Alfreton is a period Leasehold apartment with 387 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 507B, Lower Somercotes, Alfreton is £91,170 and the estimated rental value is £473 per month.
The apartment is within 507, Lower Somercotes, Somercotes, Alfreton, DE55.
Lower Somercotes, Somercotes, Alfreton, DE55 is located in the borough of Amber Valley within the DE55 postal district.
507B, Lower Somercotes, Alfreton has 31 entries in the Land Registry , most recently in July 2017 and a single entry in the EPC database dated January 2014.
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.
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 507B, Lower Somercotes, Alfreton is in very good condition we estimate a sale value of £95,729 and a rental value of £496 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £84,788 and a rental value of £440 per month.
Over the last 12 months the sale value of 507B Lower Somercotes Alfreton has decreased by an estimated £1,872 (2.1%) and its rental value has increased by an estimated £10 per month (2.1%), giving an expected gross yield of 6.2%.
507B, Lower Somercotes, Alfreton has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 07 Jan 2014.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
According to HM Land Registry, 507B, Lower Somercotes, Alfreton was last sold on 6th July 2017 for £65,500 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since July 2017, the market for similar properties has risen 51.8%
According to the Land Registry and our network of Estate Agents, there have been 3 property sales within a 740 metres radius of 507B, Lower Somercotes, Alfreton over the last 2 years.
The most recent example is 513, Lower Somercotes, Alfreton, DE55 4NS, a freehold house which sold for £101,000 on the 17th June 2022.
Read more about house prices in DE55.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Lower Somercotes, Somercotes, Alfreton, DE55 has a total of 86 addresses. According to our analysis of all the public data, 507B, Lower Somercotes, Alfreton is the 84th largest and the 78th most expensive property on the street.
When compared to the postcode district it is £113k less expensive than the average property in DE55.
The closest station to 507B, Lower Somercotes, Alfreton is Alfreton station which is 2.9 kilometres away.
According to recent data from Ofcom, superfast broadband is available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
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 507B, Lower Somercotes, Alfreton, 41.7% of property is privately owned outright and 36.4% 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 507B, Lower Somercotes, Alfreton, 13.8% of residents are recorded as possessing school level qualifications and 19.0% 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 507B, Lower Somercotes, Alfreton, the average age was 39.2 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 507B, Lower Somercotes, Alfreton, 0.7% 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 507B, Lower Somercotes, Alfreton, there are an average of 1.4 cars per household.
See below for how this compares to East Midlands and the rest of England & Wales.
