Monument Lane - NG16 5PJ
Key Postcode Insights
NG16 5PJ is a residential postcode situated on Monument Lane, Codnor Park, Ironville, Nottingham, NG16 with 53 addresses.
It ranks as the 1606th largest and 1043rd 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 53 properties: 53 houses.
- Ave. Sale Price
- £248,581
- 10 Year change
- up 43.6%
- Ave. Rental Price
- £1,086pcm
- 10 Year change
- up 63.5%
- Ave. £ per ft²
- £229/ft²
- Ave. Gross Yield
- 5.2%/year/yr
Key Postcode Insights
NG16 5PJ is a residential postcode situated on Monument Lane, Codnor Park, Ironville, Nottingham, NG16 with 53 addresses.
It ranks as the 1606th largest and 1043rd 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 53 properties: 53 houses.
- Ave. Sale Price
- £248,581
- 10 Year change
- up 43.6%
- Ave. Rental Price
- £1,086pcm
- 10 Year change
- up 63.5%
- Ave. £ per ft²
- £229/ft²
- Ave. Gross Yield
- 5.2%/year/yr
Explore Propertiesin NG16 5PJ
- Sandern
House
- 1A Monument Lane
3 Bed Mid-century House
- 1 Monument Lane
House
- 2A Monument Lane
4 Bed Mid-century House
- 2 Monument Lane
3 Bed House
Sales Market Trends
The last sale in NG16 5PJ sold for £315,000 on 20th April 2026. Since then prices are down an average of 0.5%.
The current average value in the postcode is £248,581.
The NG16 5PJ Sales Market has increased by 43.6% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | -2.8% | £248,581 |
| June 2025 | 2.8% | £255,625 |
| June 2024 | -0.7% | £248,695 |
| June 2023 | 0.7% | £250,544 |
| June 2022 | 13.4% | £248,741 |
| June 2021 | 8% | £219,437 |
| June 2020 | 3% | £203,179 |
| June 2019 | 3.2% | £197,324 |
| June 2018 | 6.5% | £191,205 |
| June 2017 | 3.6% | £179,470 |
| June 2016 | 4.1% | £173,158 |
| June 2015 | 4.9% | £166,410 |
| June 2014 | 5.7% | £158,616 |
| June 2013 | 2.3% | £150,059 |
| June 2012 | 0.2% | £146,685 |
| June 2011 | 0.7% | £146,430 |
| June 2010 | -0.2% | £145,377 |
| June 2009 | -8% | £145,625 |
| June 2008 | -5.3% | £158,353 |
| June 2007 | 0% | £167,199 |
Rental Market Trends
The current average rental value in the postcode is £1,086.
The NG16 5PJ Rental Market has increased by 63.5% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | 2.4% | £1,086pcm |
| June 2025 | 3.7% | £1,061pcm |
| June 2024 | 6.5% | £1,023pcm |
| June 2023 | 9.9% | £960pcm |
| June 2022 | 10.6% | £874pcm |
| June 2021 | 7.2% | £790pcm |
| June 2020 | 3% | £737pcm |
| June 2019 | 2.4% | £715pcm |
| June 2018 | 2% | £699pcm |
| June 2017 | 3.1% | £685pcm |
| June 2016 | 2% | £665pcm |
| June 2015 | 1.5% | £652pcm |
| June 2014 | 4.1% | £642pcm |
| June 2013 | 1.3% | £617pcm |
| June 2012 | -0.7% | £608pcm |
| June 2011 | 2.6% | £613pcm |
| June 2010 | 2.5% | £597pcm |
| June 2009 | -5.7% | £583pcm |
| June 2008 | 1.7% | £618pcm |
| June 2007 | 0% | £608pcm |
Sales History
The last sale was on 20th April 2026 for £315,000 and since then the market in the area has decreased by 0.5%. The postcode has had a total of 50 sales since 1995.
NG16 5PJ has seen 2 sales in the last three years and 2 sales in the last twelve months.
- Sold Apr 2026£315,000 | 4 Bed House60, Monument Lane, Nottingham, NG16 5PJ60, Monument Lane, Nottingham, NG16 5PJ
- Sold Feb 2026£192,000 | 3 Bed House6, Monument Lane, Nottingham, NG16 5PJ6, Monument Lane, Nottingham, NG16 5PJ
- Sold Dec 2022£240,000 | 3 Bed House68, Monument Lane, Nottingham, NG16 5PJ68, Monument Lane, Nottingham, NG16 5PJ
- Sold Jul 2022£150,000 | 3 Bed House11, Monument Lane, Nottingham, NG16 5PJ11, Monument Lane, Nottingham, NG16 5PJ
- Sold Jul 2022£265,000 | 3 Bed House64, Monument Lane, Nottingham, NG16 5PJ64, Monument Lane, Nottingham, NG16 5PJ
Nearby Postcodes
NG16 5PJ is the 1606th largest and the 1043rd most expensive postcode out of the 1,706 postcodes in the NG16 area.
- NG16 5QQ, Cheviot Avenue, Codnor Park, Ironville, Nottingham, NG16NG16 5QQ34 Addresses|103 m away
- NG16 5PN, New Road, Codnor Park, Ironville, Nottingham, NG16NG16 5PN46 Addresses|117 m away
- NG16 5PW, Kestrel Heights, Codnor Park, Ironville, Nottingham, NG16NG16 5PW12 Addresses|138 m away
- NG16 5PU, Jessop Avenue, Codnor Park, Ironville, Nottingham, NG16NG16 5PU17 Addresses|141 m away
- NG16 5RZ, Pipers Court, Codnor Park, Ironville, Nottingham, NG16NG16 5RZ19 Addresses|150 m away
Property Types
- 13 period houses built between 1800 and 1911
- 10 modern houses built after 1980
- 5 mid-century houses built between 1936 and 1979
- 1 house of an unknown age
- 24 other addresses of unknown type
- period house (13)
- modern house (10)
- mid-century house (5)
- house (1)
- Unknown (24)
Energy Efficiency
- Energy Performance Certificate (EPC) surveys conducted for 28 properties.
- The most common rating is D.
- A (0)
- E (3)
- B (3)
- F (0)
- C (8)
- G (0)
- D (14)
- No EPC (25)
Top 3 Most Expensive Sales
- Sold May 2022£415,000 | 4 Bed House57, Monument Lane, Nottingham, NG16 5PJ57, Monument Lane, Nottingham, NG16 5PJ
- Sold May 2021£385,000 | 5 Bed House58, Monument Lane, Nottingham, NG16 5PJ58, Monument Lane, Nottingham, NG16 5PJ
- Sold Nov 2020£350,000 | 4 Bed House26, Monument Lane, Nottingham, NG16 5PJ26, Monument Lane, Nottingham, NG16 5PJ
Schools Nearby
- Ironville and Codnor Park Primary School500 m away
- Jacksdale Primary and Nursery School1.0 km away
- Riddings Junior School1.5 km away
- The Ripley Academy3.2 km away
- Selston High School3.3 km away
- Swanwick Hall School3.5 km away
More reading links
Public Transport Nearby
The closest station to NG16 5PJ is Langley Mill station, which is 4.7 kilometres away.
- Langley Mill|4.7 km away
- Alfreton|4.9 km away
- Kirkby-in-Ashfield|8.0 km away
- Ambergate|8.7 km away
