NG5 1RL is a residential postcode situated on Watermark Close, Nottingham, NG5 with 27 addresses.
It ranks as the 1168th largest and 266th most expensive of the 1,815 postcodes in the NG5 area. The dominant property type is a modern flat built after 1980.
The postcode contains a total of 27 properties: 27 flats.
NG5 1RL is a residential postcode situated on Watermark Close, Nottingham, NG5 with 27 addresses.
It ranks as the 1168th largest and 266th most expensive of the 1,815 postcodes in the NG5 area. The dominant property type is a modern flat built after 1980.
The postcode contains a total of 27 properties: 27 flats.
Sale prices range from £130,427 for 2 bedroom leasehold flats (624 ft2) to £146,211 for 2 bedroom leasehold flats (796 ft2) .
Monthly rental prices range from £701 pcm for 2 bed flats to £746 pcm for 2 bed flats.
The gross rental yield is between 6.1% and 6.4%.
The average value per square foot is £203.
The last sale in NG5 1RL sold for £142,000 on 14th June 2024. Since then prices are down an average of 0.5%.
The current average value in the postcode is £135,473.
The NG5 1RL Sales Market has increased by 32.3% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | -1.4% | £135,473 |
| April 2025 | 1.6% | £137,393 |
| April 2024 | 0.3% | £135,285 |
| April 2023 | 2.9% | £134,899 |
| April 2022 | 8.1% | £131,078 |
| April 2021 | 5.8% | £121,251 |
| April 2020 | 3.4% | £114,613 |
| April 2019 | 2.4% | £110,799 |
| April 2018 | 2.9% | £108,187 |
| April 2017 | 2.7% | £105,135 |
| April 2016 | 4% | £102,401 |
| April 2015 | 3.9% | £98,423 |
| April 2014 | 4.5% | £94,705 |
| April 2013 | 1.5% | £90,622 |
| April 2012 | -2.3% | £89,246 |
| April 2011 | -2.4% | £91,331 |
| April 2010 | 4.5% | £93,567 |
| April 2009 | -14.6% | £89,540 |
| April 2008 | -3.9% | £104,872 |
| April 2007 | 0% | £109,180 |
The current average rental value in the postcode is £716.
The NG5 1RL Rental Market has increased by 45.4% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 2.4% | £716pcm |
| April 2025 | -1.5% | £699pcm |
| April 2024 | 5.8% | £710pcm |
| April 2023 | 8.7% | £671pcm |
| April 2022 | 9.7% | £617pcm |
| April 2021 | 6.3% | £563pcm |
| April 2020 | 4.3% | £530pcm |
| April 2019 | 2.1% | £508pcm |
| April 2018 | 1.3% | £497pcm |
| April 2017 | -0.3% | £491pcm |
| April 2016 | 3.5% | £493pcm |
| April 2015 | 4.2% | £476pcm |
| April 2014 | 1.2% | £456pcm |
| April 2013 | -0.2% | £451pcm |
| April 2012 | 0.2% | £452pcm |
| April 2011 | 1.8% | £451pcm |
| April 2010 | 0.8% | £443pcm |
| April 2009 | -4.9% | £439pcm |
| April 2008 | -1.7% | £462pcm |
| April 2007 | 0% | £470pcm |
The last sale was on 14th June 2024 for £142,000 and since then the market in the area has decreased by 0.5%. The postcode has had a total of 56 sales since 1995.
NG5 1RL has seen 3 sales in the last three years and no sales in the last twelve months.
NG5 1RL is the 1168th largest and the 266th most expensive postcode out of the 1,815 postcodes in the NG5 area.
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The closest station to NG5 1RL is Nottingham station which is 3.4 kilometres away.
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