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Morel House Faraday Road is a residential building situated on Faraday Road, Nottingham, NG7 with 15 addresses.
It ranks as the 1317th largest and 1214th most expensive of the 1,403 buildings in the NG7 area. The dominant property type is a modern flat built after 1980.
The building contains a total of 15 properties: 15 flats.
Morel House Faraday Road is a residential building situated on Faraday Road, Nottingham, NG7 with 15 addresses.
It ranks as the 1317th largest and 1214th most expensive of the 1,403 buildings in the NG7 area. The dominant property type is a modern flat built after 1980.
The building contains a total of 15 properties: 15 flats.
Sale prices range from £258,716 for 3 bedroom Leasehold flats (1,237 ft2) to £258,716 for 3 bedroom Leasehold flats (1,237 ft2) .
Monthly rental prices range from £1,137 pcm for 3 bed flats to £1,137 pcm for 3 bed flats.
The gross rental yield is between 5.3% and 5.3%.
The average value per square foot is £209.
The last sale in Morel House Faraday Road sold for £5,198,000 on 16th August 2024. Since then prices are down an average of 0.0%.
The current average value in the building is £258,716.
The Morel House Faraday Road Sales Market has increased by 34.2% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| May 2026 | -1.3% | £258,716 |
| May 2025 | 1.7% | £262,106 |
| May 2024 | 0.9% | £257,630 |
| May 2023 | 4% | £255,391 |
| May 2022 | 7.1% | £245,487 |
| May 2021 | 7.2% | £229,276 |
| May 2020 | 1.9% | £213,867 |
| May 2019 | 6.2% | £209,969 |
| May 2018 | 0% | £197,717 |
| May 2017 | 2.5% | £197,667 |
| May 2016 | 2.7% | £192,789 |
| May 2015 | 2.3% | £187,811 |
| May 2014 | 6.7% | £183,557 |
| May 2013 | 2.6% | £172,028 |
| May 2012 | -2.7% | £167,742 |
| May 2011 | -2.1% | £172,358 |
| May 2010 | 6.6% | £176,083 |
| May 2009 | -17.9% | £165,250 |
| May 2008 | -5.2% | £201,370 |
| May 2007 | 0% | £212,400 |
The current average rental value in the building is £1,137.
The Morel House Faraday Road Rental Market has increased by 47.8% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| May 2026 | 0.9% | £1,137pcm |
| May 2025 | -5% | £1,128pcm |
| May 2024 | 5.8% | £1,187pcm |
| May 2023 | 11.1% | £1,123pcm |
| May 2022 | 8.6% | £1,011pcm |
| May 2021 | 11.2% | £930pcm |
| May 2020 | 4.6% | £837pcm |
| May 2019 | 3% | £799pcm |
| May 2018 | 2.2% | £776pcm |
| May 2017 | -1.4% | £759pcm |
| May 2016 | 3.4% | £769pcm |
| May 2015 | 6.5% | £744pcm |
| May 2014 | 1.3% | £699pcm |
| May 2013 | -1.1% | £690pcm |
| May 2012 | 1.7% | £698pcm |
| May 2011 | 1.4% | £686pcm |
| May 2010 | 1.7% | £676pcm |
| May 2009 | -6.7% | £665pcm |
| May 2008 | -2.2% | £714pcm |
| May 2007 | 0% | £730pcm |
The last sale was on 16th August 2024 for £5,198,000 and since then the market in the area has remained stable. The building has had a total of 1 sales since 1995.
Morel House, Faraday Road, Nottingham, NG7 2HN has seen 1 sale in the last three years and no sales in the last twelve months.
The closest station to Morel House, Faraday Road, Nottingham, NG7 2HN is Nottingham station which is 2.4 kilometres away.
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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 Morel House, Faraday Road, Nottingham, NG7 2HN, 75.1% of property is privately rented and 18.0% 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 Morel House, Faraday Road, Nottingham, NG7 2HN, 82.3% 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 Morel House, Faraday Road, Nottingham, NG7 2HN, the average age was 27.6 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 Morel House, Faraday Road, Nottingham, NG7 2HN, 0.2% 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 Morel House, Faraday Road, Nottingham, NG7 2HN, there are an average of 0.3 cars per household.
See below for how this compares to East Midlands and the rest of England & Wales.