Palmerston Street - NG16 5HY
Key Postcode Insights
NG16 5HY is a residential postcode situated on Palmerston Street, Westwood, Nottingham, NG16 with 56 addresses.
It ranks as the 1632nd largest and 241st most expensive of the 1,706 postcodes in the NG16 area. The most common property type is a mid-century house built between 1936 and 1979.
The postcode contains a total of 56 properties: 56 houses.
- Ave. Sale Price
- £157,986
- 10 Year change
- up 45.8%
- Ave. Rental Price
- £837pcm
- 10 Year change
- up 64.2%
- Ave. £ per ft²
- £209/ft²
- Ave. Gross Yield
- 6.4%/year/yr
Key Postcode Insights
NG16 5HY is a residential postcode situated on Palmerston Street, Westwood, Nottingham, NG16 with 56 addresses.
It ranks as the 1632nd largest and 241st most expensive of the 1,706 postcodes in the NG16 area. The most common property type is a mid-century house built between 1936 and 1979.
The postcode contains a total of 56 properties: 56 houses.
- Ave. Sale Price
- £157,986
- 10 Year change
- up 45.8%
- Ave. Rental Price
- £837pcm
- 10 Year change
- up 64.2%
- Ave. £ per ft²
- £209/ft²
- Ave. Gross Yield
- 6.4%/year/yr
Explore Propertiesin NG16 5HY
- 5 Palmerston Street
House
- 7 Palmerston Street
2 Bed Mid-century House
- 9 Palmerston Street
House
- 11 Palmerston Street
2 Bed Mid-century House
- 15 Palmerston Street
2 Bed Mid-century House
Sales Market Trends
The last sale in NG16 5HY sold for £147,000 on 17th February 2026. Since then prices are down an average of 2.2%.
The current average value in the postcode is £157,986.
The NG16 5HY Sales Market has increased by 45.8% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | -3% | £157,986 |
| June 2025 | 3% | £162,836 |
| June 2024 | -0.2% | £158,126 |
| June 2023 | 1.2% | £158,486 |
| June 2022 | 13.1% | £156,538 |
| June 2021 | 8.6% | £138,402 |
| June 2020 | 2.5% | £127,436 |
| June 2019 | 3.4% | £124,332 |
| June 2018 | 6.5% | £120,212 |
| June 2017 | 4.2% | £112,849 |
| June 2016 | 4.9% | £108,347 |
| June 2015 | 4.4% | £103,281 |
| June 2014 | 5.6% | £98,885 |
| June 2013 | 2.2% | £93,640 |
| June 2012 | 0.6% | £91,626 |
| June 2011 | 0% | £91,117 |
| June 2010 | 0.9% | £91,162 |
| June 2009 | -8.8% | £90,358 |
| June 2008 | -4.9% | £99,104 |
| June 2007 | 0% | £104,168 |
Rental Market Trends
The current average rental value in the postcode is £837.
The NG16 5HY Rental Market has increased by 64.2% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | 2.3% | £837pcm |
| June 2025 | 3.2% | £818pcm |
| June 2024 | 6.2% | £793pcm |
| June 2023 | 10.1% | £746pcm |
| June 2022 | 10.6% | £677pcm |
| June 2021 | 7.9% | £613pcm |
| June 2020 | 3.2% | £568pcm |
| June 2019 | 2.7% | £550pcm |
| June 2018 | 2.3% | £536pcm |
| June 2017 | 2.8% | £524pcm |
| June 2016 | 2.3% | £510pcm |
| June 2015 | 1.8% | £498pcm |
| June 2014 | 4.1% | £489pcm |
| June 2013 | 1.3% | £470pcm |
| June 2012 | -0.6% | £464pcm |
| June 2011 | 2.5% | £466pcm |
| June 2010 | 2.5% | £455pcm |
| June 2009 | -5.8% | £444pcm |
| June 2008 | 1.4% | £471pcm |
| June 2007 | 0% | £464pcm |
Sales History
The last sale was on 17th February 2026 for £147,000 and since then the market in the area has decreased by 2.2%. The postcode has had a total of 81 sales since 1995.
NG16 5HY has seen 8 sales in the last three years and 1 sale in the last twelve months.
- Sold Feb 2026£147,000 | 3 Bed House51, Palmerston Street, Nottingham, NG16 5HY51, Palmerston Street, Nottingham, NG16 5HY
- Sold May 2025£144,000 | 2 Bed House55, Palmerston Street, Nottingham, NG16 5HY55, Palmerston Street, Nottingham, NG16 5HY
- Sold Apr 2025£135,000 | 2 Bed House11, Palmerston Street, Nottingham, NG16 5HY11, Palmerston Street, Nottingham, NG16 5HY
- Sold Jan 2025£207,000 | 3 Bed House77, Palmerston Street, Nottingham, NG16 5HY77, Palmerston Street, Nottingham, NG16 5HY
- Sold Nov 2024£136,500 | 2 Bed House71, Palmerston Street, Nottingham, NG16 5HY71, Palmerston Street, Nottingham, NG16 5HY
Nearby Postcodes
NG16 5HY is the 1632nd largest and the 241st most expensive postcode out of the 1,706 postcodes in the NG16 area.
- NG16 5JA, Palmerston Street, Westwood, Nottingham, NG16NG16 5JA26 Addresses|58 m away
- NG16 5JR, Cumberland Close, Westwood, Nottingham, NG16NG16 5JR17 Addresses|92 m away
- NG16 5JS, Cornwall Close, Westwood, Nottingham, NG16NG16 5JS9 Addresses|158 m away
- NG16 5JB, Main Road, Westwood, Nottingham, NG16NG16 5JB17 Addresses|167 m away
- NG16 5HX, Main Road, Westwood, Nottingham, NG16NG16 5HX10 Addresses|194 m away
Property Types
- 9 period houses built between 1800 and 1911
- 7 modern houses built after 1980
- 29 mid-century houses built between 1936 and 1979
- 1 house of an unknown age
- 10 other addresses of unknown type
- period house (9)
- modern house (7)
- mid-century house (29)
- house (1)
- Unknown (10)
Energy Efficiency
- Energy Performance Certificate (EPC) surveys conducted for 45 properties.
- The most common rating is D.
- A (0)
- E (4)
- B (0)
- F (0)
- C (13)
- G (1)
- D (27)
- No EPC (11)
Top 3 Most Expensive Sales
- Sold Feb 2026£420,000 | 4 Bed House161, Palmerston Street, Nottingham, NG16 5HZ161, Palmerston Street, Nottingham, NG16 5HZ
- Sold Mar 2024£305,000 | 4 Bed House28, Palmerston Street, Nottingham, NG16 5JA28, Palmerston Street, Nottingham, NG16 5JA
- Sold Sep 2021£285,000 | 4 Bed House28, Palmerston Street, Nottingham, NG16 5JA28, Palmerston Street, Nottingham, NG16 5JA
Schools Nearby
- Westwood Infant and Nursery School100 m away
- Jacksdale Primary and Nursery School700 m away
- Selston Church of England Infant and Nursery School1.7 km away
- Selston High School1.9 km away
- Aldercar High School3.9 km away
- Hall Park Academy4.5 km away
More reading links
Public Transport Nearby
The closest station to NG16 5HY is Langley Mill station, which is 4.6 kilometres away.
- Langley Mill|4.6 km away
- Alfreton|5.5 km away
- Kirkby-in-Ashfield|6.6 km away
- Newstead|7.0 km away
