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2 Hermon Street is a residential building situated on Hermon Street, Nottingham, NG7 with 6 addresses.
It ranks as the 1073rd largest and 335th most expensive of the 1,403 buildings in the NG7 area. The dominant property type is a period flat built between 1800 and 1911.
The building contains a total of 6 properties: 6 flats.
2 Hermon Street is a residential building situated on Hermon Street, Nottingham, NG7 with 6 addresses.
It ranks as the 1073rd largest and 335th most expensive of the 1,403 buildings in the NG7 area. The dominant property type is a period flat built between 1800 and 1911.
The building contains a total of 6 properties: 6 flats.
Sale prices range from £125,599 for 2 bedroom Leasehold flats (365 ft2) to £143,665 for 2 bedroom Leasehold flats with a garden (355 ft2) .
Monthly rental prices range from £755 pcm for 2 bed flats to £821 pcm for 2 bed flats.
The gross rental yield is between 6.9% and 7.2%.
The average value per square foot is £377.
The current average value in the building is £128,610.
The 2 Hermon Street Sales Market has increased by 36.8% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| May 2026 | -1.1% | £128,610 |
| May 2025 | 2.1% | £130,047 |
| May 2024 | 0.8% | £127,355 |
| May 2023 | 4.8% | £126,325 |
| May 2022 | 7.2% | £120,535 |
| May 2021 | 7.6% | £112,433 |
| May 2020 | 1.5% | £104,524 |
| May 2019 | 7.2% | £102,975 |
| May 2018 | -0.6% | £96,059 |
| May 2017 | 2.8% | £96,631 |
| May 2016 | 2.2% | £94,028 |
| May 2015 | 1.8% | £92,043 |
| May 2014 | 7% | £90,408 |
| May 2013 | 2.8% | £84,467 |
| May 2012 | -2.9% | £82,138 |
| May 2011 | -2% | £84,615 |
| May 2010 | 7.1% | £86,362 |
| May 2009 | -19% | £80,628 |
| May 2008 | -5% | £99,552 |
| May 2007 | 0% | £104,796 |
The current average rental value in the building is £766.
The 2 Hermon Street Rental Market has increased by 51.0% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| May 2026 | 0.8% | £766pcm |
| May 2025 | -5.6% | £760pcm |
| May 2024 | 5.8% | £805pcm |
| May 2023 | 12.1% | £761pcm |
| May 2022 | 8.9% | £679pcm |
| May 2021 | 12.2% | £624pcm |
| May 2020 | 4.9% | £556pcm |
| May 2019 | 3.3% | £530pcm |
| May 2018 | 2.5% | £514pcm |
| May 2017 | -1.2% | £501pcm |
| May 2016 | 3.2% | £507pcm |
| May 2015 | 7% | £492pcm |
| May 2014 | 1.2% | £459pcm |
| May 2013 | -1.3% | £454pcm |
| May 2012 | 2.2% | £460pcm |
| May 2011 | 1.2% | £450pcm |
| May 2010 | 1.8% | £445pcm |
| May 2009 | -7.5% | £437pcm |
| May 2008 | -1.8% | £472pcm |
| May 2007 | 0% | £481pcm |
The closest station to 2, Hermon Street, Nottingham, NG7 1LP is Nottingham station which is 1.5 kilometres away.
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The recent census recorded whether a resident owned or rented their home.
In the area around 2, Hermon Street, Nottingham, NG7 1LP, 59.8% of property is privately rented and 33.1% is socially rented.
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, Hermon Street, Nottingham, NG7 1LP, 25.8% of residents are recorded as possessing school level qualifications and 56.4% 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 2, Hermon Street, Nottingham, NG7 1LP, the average age was 29.6 and the most common age was 22.
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, Hermon Street, Nottingham, NG7 1LP, 0.0% 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, Hermon Street, Nottingham, NG7 1LP, there are an average of 0.5 cars per household.
See below for how this compares to East Midlands and the rest of England & Wales.
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.