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According to the public record, 16, Park Terrace, Nottingham is a period freehold house with 3,126 ft2 of internal area and sits on a 560 m2 plot.
Houses of this size in this area normally have 5 bedrooms with a garden.
Based on available information, and assuming reasonable condition, the estimated sale value for 16, Park Terrace, Nottingham is £1,001,621 and the estimated rental value is £5,462 per month.
Park Terrace, Nottingham, NG1 is located within the NG1 postal district.
16, Park Terrace, Nottingham has 41 entries in the Land Registry , most recently in May 2021 and a single entry in the EPC database dated May 2009.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 3 out of 5 and is considered of medium accuracy.
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If 16, Park Terrace, Nottingham is in very good condition we estimate a sale value of £1,051,702 and a rental value of £5,735 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £931,507 and a rental value of £5,080 per month.
Over the last 12 months the sale value of 16 Park Terrace Nottingham has decreased by an estimated £9,461 (0.9%) and its rental value has increased by an estimated £54 per month (1.0%), giving an expected gross yield of 6.5%.
According to data from HM Land Registry, 16, Park Terrace, Nottingham sits on a plot of 560m2.
We have plot size data on 22 out of 23 other houses in the postcode and 16, Park Terrace, Nottingham sits on the 8th largest plot.
16, Park Terrace, Nottingham has an Energy Performance Rating (EPC) of G. This is based on the most recent assessment, dated 06 May 2009.
The property is connected to mains gas and has single glazed windows. It is heated using Boiler and radiators, mains gas.
According to HM Land Registry, 16, Park Terrace, Nottingham was last sold on 26th May 2021 for £1,061,555 and was recorded as a freehold house.
The property has had 4 sales since 1995.
Since May 2021, the market for similar properties has dropped 62.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 16, Park Terrace, Nottingham within a radius of 320 metres over the last 2 years.
The most recent example is Richmond House, Park Terrace, Nottingham, NG1 5DN, a freehold house which sold for £1,010,000 on the 29th January 2024.
Read more about house prices in NG1.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Park Terrace, Nottingham, NG1 has a total of 50 addresses. According to our analysis of all the public data, 16, Park Terrace, Nottingham is the 3rd largest and the 9th most expensive property on the street.
When compared to the postcode district it is £853k more expensive than the average property in NG1.
The closest station to 16, Park Terrace, Nottingham is Nottingham station which is 1.0 kilometres away.
According to recent data from Ofcom, ultrafast broadband is available in this area.
According to recent data from Ofcom, Ultrafast broadband is available in the area.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around 16, Park Terrace, Nottingham, 42.2% of property is privately owned outright and 29.6% is privately owned with a mortgage.
The graph below shows how this compares to East Midlands and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around 16, Park Terrace, Nottingham, 18.3% of residents are recorded as possessing school level qualifications and 71.8% as possessing degree level qualifications.
The graph below shows how this compares to East Midlands and the rest of England & Wales.
The most recent census in 2021 recorded the age of all UK residents.
In the area around 16, Park Terrace, Nottingham, the average age was 29.6 and the most common age was 22.
The graph below shows how this compares to East Midlands and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around 16, Park Terrace, Nottingham, 3.1% of property was a second home.
Comparison figures for East Midlands and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around 16, Park Terrace, Nottingham, there are an average of 1.3 cars per household.
See below for how this compares to East Midlands and the rest of England & Wales.
