Palmerston Street - NG16 5GL
Key Postcode Insights
NG16 5GL is a residential postcode situated on Palmerston Street, Underwood, Nottingham, NG16 with 40 addresses.
It ranks as the 1444th largest and 634th 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 40 properties: 28 houses and 12 other properties.
- Ave. Sale Price
- £193,765
- 10 Year change
- up 45.6%
- Ave. Rental Price
- £956pcm
- 10 Year change
- up 61.8%
- Ave. £ per ft²
- £227/ft²
- Ave. Gross Yield
- 5.9%/year/yr
Key Postcode Insights
NG16 5GL is a residential postcode situated on Palmerston Street, Underwood, Nottingham, NG16 with 40 addresses.
It ranks as the 1444th largest and 634th 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 40 properties: 28 houses and 12 other properties.
- Ave. Sale Price
- £193,765
- 10 Year change
- up 45.6%
- Ave. Rental Price
- £956pcm
- 10 Year change
- up 61.8%
- Ave. £ per ft²
- £227/ft²
- Ave. Gross Yield
- 5.9%/year/yr
Explore Properties in NG16 5GL
- 2A Palmerston Street
3 Bed Modern House
- 2B Palmerston Street
House
- 2C Palmerston Street
3 Bed Modern House
- 2 Palmerston Street
4 Bed House
- 4 Palmerston Street
4 Bed Period House
Sales Market Trends
The last sale in NG16 5GL sold for £130,000 on 12th December 2025. Since then prices are up an average of 0.7%.
The current average value in the postcode is £193,765.
The NG16 5GL Sales Market has increased by 45.6% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | -3.4% | £193,765 |
| June 2025 | 2.8% | £200,536 |
| June 2024 | -0.2% | £195,013 |
| June 2023 | 2.8% | £195,372 |
| June 2022 | 11.6% | £190,028 |
| June 2021 | 9.4% | £170,326 |
| June 2020 | 2% | £155,623 |
| June 2019 | 3.2% | £152,615 |
| June 2018 | 6% | £147,917 |
| June 2017 | 4.8% | £139,569 |
| June 2016 | 5.2% | £133,117 |
| June 2015 | 4.5% | £126,555 |
| June 2014 | 5.1% | £121,070 |
| June 2013 | 2.1% | £115,166 |
| June 2012 | 1% | £112,852 |
| June 2011 | -0.8% | £111,757 |
| June 2010 | 3.1% | £112,622 |
| June 2009 | -8.4% | £109,213 |
| June 2008 | -4.3% | £119,271 |
| June 2007 | 0% | £124,595 |
Rental Market Trends
The current average rental value in the postcode is £956.
The NG16 5GL Rental Market has increased by 61.8% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | 1.8% | £956pcm |
| June 2025 | 2% | £939pcm |
| June 2024 | 5.6% | £920pcm |
| June 2023 | 10.4% | £871pcm |
| June 2022 | 10.2% | £789pcm |
| June 2021 | 8.7% | £716pcm |
| June 2020 | 3.1% | £659pcm |
| June 2019 | 3% | £639pcm |
| June 2018 | 2.4% | £621pcm |
| June 2017 | 2.6% | £606pcm |
| June 2016 | 2.5% | £591pcm |
| June 2015 | 2.5% | £577pcm |
| June 2014 | 3.8% | £563pcm |
| June 2013 | 1.1% | £542pcm |
| June 2012 | 0.1% | £537pcm |
| June 2011 | 2.7% | £536pcm |
| June 2010 | 3.1% | £522pcm |
| June 2009 | -5.1% | £506pcm |
| June 2008 | 1.1% | £533pcm |
| June 2007 | 0% | £528pcm |
Sales History
The last recorded sale was on 12th December 2025 for £130,000 and since then the market in the area has increased by 0.7%.
NG16 5GL has had 3 sales since 1995, with 3 in the last three years and 2 in the last twelve months.
- Sold Dec 2025£130,000 | 2 Bed House76, Palmerston Street, Nottingham, NG16 5GL76, Palmerston Street, Nottingham, NG16 5GL
- Sold Nov 2025£300,000 | 4 Bed House54, Palmerston Street, Nottingham, NG16 5GL54, Palmerston Street, Nottingham, NG16 5GL
- Sold Jan 2025£220,000 | 3 Bed House66A, Palmerston Street, Nottingham, NG16 5GL66A, Palmerston Street, Nottingham, NG16 5GL
Nearby Postcodes
NG16 5GL is the 1444th largest and the 634th most expensive postcode out of the 1,706 postcodes in the NG16 area.
- NG16 5GJ, Palmerston Street, Underwood, Nottingham, NG16NG16 5GJ50 Addresses|20 m away
- NG16 5GU, Smeath Road, Underwood, Nottingham, NG16NG16 5GU36 Addresses|60 m away
- NG16 5FY, Primrose Avenue, Underwood, Nottingham, NG16NG16 5FY10 Addresses|71 m away
- NG16 5FN, Blue Bell Close, Underwood, Nottingham, NG16NG16 5FN12 Addresses|73 m away
- NG16 5GG, Smeath Road, Underwood, Nottingham, NG16NG16 5GG47 Addresses|105 m away
Property Types
- 18 period houses built between 1800 and 1911
- 4 modern houses built after 1980
- 4 mid-century houses built between 1936 and 1979
- 2 houses of an unknown age
- 12 other addresses of unknown type
- period house (18)
- modern house (4)
- mid-century house (4)
- house (2)
- Unknown (12)
Energy Efficiency
- Energy Performance Certificate (EPC) surveys have been conducted for 26 properties.
- The most common rating is D.
- A (0)
- E (5)
- B (0)
- F (0)
- C (3)
- G (0)
- D (18)
- No EPC (14)
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 5GL 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
- Hucknall|7.1 km away
