Palmerston Street - NG16 5GJ
Key Postcode Insights
NG16 5GJ is a residential postcode situated on Palmerston Street, Underwood, Nottingham, NG16 with 50 addresses.
It ranks as the 1571st largest and 587th most expensive of the 1,706 postcodes in the NG16 area. The most common property type is a period house built between 1800 and 1911.
The postcode contains a total of 50 properties: 50 houses.
- Ave. Sale Price
- £186,645
- 10 Year change
- up 45.2%
- Ave. Rental Price
- £933pcm
- 10 Year change
- up 61.5%
- Ave. £ per ft²
- £230/ft²
- Ave. Gross Yield
- 6.0%/year/yr
Key Postcode Insights
NG16 5GJ is a residential postcode situated on Palmerston Street, Underwood, Nottingham, NG16 with 50 addresses.
It ranks as the 1571st largest and 587th most expensive of the 1,706 postcodes in the NG16 area. The most common property type is a period house built between 1800 and 1911.
The postcode contains a total of 50 properties: 50 houses.
- Ave. Sale Price
- £186,645
- 10 Year change
- up 45.2%
- Ave. Rental Price
- £933pcm
- 10 Year change
- up 61.5%
- Ave. £ per ft²
- £230/ft²
- Ave. Gross Yield
- 6.0%/year/yr
Explore Propertiesin NG16 5GJ
- 1 Palmerston Street
3 Bed Mid-century House
- 3 Palmerston Street
House
- 5 Palmerston Street
3 Bed Mid-century House
- 7 Palmerston Street
3 Bed Mid-century House
- 9 Palmerston Street
House
Sales Market Trends
The last sale in NG16 5GJ sold for £250,000 on 28th February 2025. Since then prices are down an average of 1.7%.
The current average value in the postcode is £186,645.
The NG16 5GJ Sales Market has increased by 45.2% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | -3.4% | £186,645 |
| June 2025 | 2.8% | £193,167 |
| June 2024 | -0.2% | £187,884 |
| June 2023 | 2.7% | £188,274 |
| June 2022 | 11.6% | £183,314 |
| June 2021 | 9.4% | £164,269 |
| June 2020 | 2% | £150,177 |
| June 2019 | 3.2% | £147,280 |
| June 2018 | 6% | £142,739 |
| June 2017 | 4.8% | £134,708 |
| June 2016 | 5.1% | £128,524 |
| June 2015 | 4.5% | £122,327 |
| June 2014 | 5.2% | £117,019 |
| June 2013 | 2.1% | £111,264 |
| June 2012 | 1% | £109,025 |
| June 2011 | -0.7% | £107,992 |
| June 2010 | 3% | £108,741 |
| June 2009 | -8.3% | £105,523 |
| June 2008 | -4.3% | £115,120 |
| June 2007 | 0% | £120,334 |
Rental Market Trends
The current average rental value in the postcode is £933.
The NG16 5GJ Rental Market has increased by 61.5% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | 1.8% | £933pcm |
| June 2025 | 2.2% | £916pcm |
| June 2024 | 5.7% | £897pcm |
| June 2023 | 10.4% | £848pcm |
| June 2022 | 10.2% | £769pcm |
| June 2021 | 8.5% | £698pcm |
| June 2020 | 3.1% | £643pcm |
| June 2019 | 2.9% | £624pcm |
| June 2018 | 2.3% | £607pcm |
| June 2017 | 2.6% | £593pcm |
| June 2016 | 2.4% | £578pcm |
| June 2015 | 2.4% | £564pcm |
| June 2014 | 3.8% | £551pcm |
| June 2013 | 1.1% | £531pcm |
| June 2012 | 0.1% | £525pcm |
| June 2011 | 2.7% | £525pcm |
| June 2010 | 3.1% | £511pcm |
| June 2009 | -5% | £496pcm |
| June 2008 | 1.1% | £522pcm |
| June 2007 | 0% | £516pcm |
Sales History
The last sale was on 28th February 2025 for £250,000 and since then the market in the area has decreased by 1.7%. The postcode has had a total of 92 sales since 1995.
NG16 5GJ has seen 8 sales in the last three years and no sales in the last twelve months.
- Sold Feb 2025£250,000 | 3 Bed House111, Palmerston Street, Nottingham, NG16 5GJ111, Palmerston Street, Nottingham, NG16 5GJ
- Sold Jan 2025£94,000 | 3 Bed House99, Palmerston Street, Nottingham, NG16 5GJ99, Palmerston Street, Nottingham, NG16 5GJ
- Sold Oct 2024£85,500 | 3 Bed House49, Palmerston Street, Nottingham, NG16 5GJ49, Palmerston Street, Nottingham, NG16 5GJ
- Sold Jul 2024£70,500 | 3 Bed House49, Palmerston Street, Nottingham, NG16 5GJ49, Palmerston Street, Nottingham, NG16 5GJ
- Sold Jun 2024£135,000 | 2 Bed House51, Palmerston Street, Nottingham, NG16 5GJ51, Palmerston Street, Nottingham, NG16 5GJ
Nearby Postcodes
NG16 5GJ is the 1571st largest and the 587th most expensive postcode out of the 1,706 postcodes in the NG16 area.
- NG16 5GL, Palmerston Street, Underwood, Nottingham, NG16NG16 5GL40 Addresses|20 m away
- NG16 5FY, Primrose Avenue, Underwood, Nottingham, NG16NG16 5FY10 Addresses|51 m away
- NG16 5FN, Blue Bell Close, Underwood, Nottingham, NG16NG16 5FN12 Addresses|59 m away
- NG16 5GU, Smeath Road, Underwood, Nottingham, NG16NG16 5GU36 Addresses|79 m away
- NG16 5GD, Fairview Avenue, Underwood, Nottingham, NG16NG16 5GD36 Addresses|104 m away
Property Types
- 27 period houses built between 1800 and 1911
- 1 modern house built after 1980
- 4 mid-century houses built between 1936 and 1979
- 18 other addresses of unknown type
- period house (27)
- modern house (1)
- mid-century house (4)
- Unknown (18)
Energy Efficiency
- Energy Performance Certificate (EPC) surveys conducted for 32 properties.
- The most common rating is D.
- A (0)
- E (7)
- B (0)
- F (1)
- C (8)
- G (0)
- D (16)
- No EPC (18)
Top 3 Most Expensive Sales
- Sold Nov 2025£300,000 | 4 Bed House54, Palmerston Street, Nottingham, NG16 5GL54, Palmerston Street, Nottingham, NG16 5GL
- Sold Feb 2025£250,000 | 3 Bed House111, Palmerston Street, Nottingham, NG16 5GJ111, Palmerston Street, Nottingham, NG16 5GJ
- Sold Apr 2022£240,000 | 4 Bed House83, Palmerston Street, Nottingham, NG16 5GJ83, Palmerston Street, Nottingham, NG16 5GJ
Schools Nearby
- Underwood Church of England Primary School200 m away
- Bagthorpe Primary School1.0 km away
- Brinsley Primary and Nursery School1.4 km away
- Selston High School2.4 km away
- Hall Park Academy3.6 km away
- Aldercar High School4.0 km away
More reading links
Public Transport Nearby
The closest station to NG16 5GJ is Langley Mill station, which is 4.2 kilometres away.
- Langley Mill|4.2 km away
- Newstead|5.7 km away
- Kirkby-in-Ashfield|6.3 km away
- Alfreton|7.2 km away
