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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
According to the public record, Flat 2, 2, Spondon Street, Nottingham is a modern leasehold apartment with 484 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 Flat 2, 2, Spondon Street, Nottingham is £156,944 and the estimated rental value is £819 per month.
The apartment is within 2, Spondon Street, Nottingham, NG5.
Spondon Street, Nottingham, NG5 is located within the NG5 postal district.
Flat 2, 2, Spondon Street, Nottingham has a single entry in the Land Registry from December 2023 and a single entry in the EPC database dated October 2023.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 3 out of 5 and is considered of medium 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 Flat 2, 2, Spondon Street, Nottingham is in very good condition we estimate a sale value of £164,791 and a rental value of £860 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £145,958 and a rental value of £762 per month.
Over the last 12 months the sale value of Flat 2 2 Spondon Street Nottingham has decreased by an estimated £3,783 (2.4%) and its rental value has increased by an estimated £11 per month (1.4%), giving an expected gross yield of 6.3%.
Flat 2, 2, Spondon Street, Nottingham has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 25 Oct 2023.
The property is not connected to mains gas and has high performance glazing. It is heated using Room heaters, electric.
According to HM Land Registry, Flat 2, 2, Spondon Street, Nottingham was last sold on 14th December 2023 for £143,500 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since December 2023, the market for similar properties has dropped 5.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 2, 2, Spondon Street, Nottingham within a radius of 420 metres over the last 2 years.
The most recent example is Flat 5, 2, Spondon Street, Nottingham, NG5 4FA, a leasehold flat which sold for £160,000 on the 26th July 2024.
Read more about house prices in NG5.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Spondon Street, Nottingham, NG5 has a total of 9 addresses. According to our analysis of all the public data, Flat 2, 2, Spondon Street, Nottingham is the 7th largest and the 7th most expensive property on the street.
When compared to the postcode district it is £63k less expensive than the average property in NG5.
The closest station to Flat 2, 2, Spondon Street, Nottingham is Nottingham station which is 3.6 kilometres away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
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The recent census recorded whether a resident owned or rented their home.
In the area around Flat 2, 2, Spondon Street, Nottingham, 43.8% of property is privately rented and 21.9% 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 Flat 2, 2, Spondon Street, Nottingham, 24.7% of residents are recorded as possessing school level qualifications and 52.4% 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 Flat 2, 2, Spondon Street, Nottingham, the average age was 41.2 and the most common age was 32.
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 Flat 2, 2, Spondon Street, Nottingham, 0.4% 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 Flat 2, 2, Spondon Street, Nottingham, there are an average of 0.8 cars per household.
See below for how this compares to East Midlands and the rest of England & Wales.
