242, The Wells Road
242, The Wells Road
Description & Estimates
Public records show 242, The Wells Road, Nottingham to be a modern freehold house with 516 ft2 of internal area.
In this area, houses of this size normally have 2 bedrooms with a garden.
242, The Wells Road, Nottingham has an estimated sale value of £136,419 and an estimated rental value of £911 per month, assuming reasonable condition and based on the information available.
The Wells Road, Nottingham, NG3 lies within the NG3 postal district.
Our Data Sources
242, The Wells Road, Nottingham has 21 entries in the Land Registry , most recently in October 2022 and a single entry in the EPC database dated March 2019.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 4 out of 5 and is considered of high accuracy.
Price Range & Condition
In very good condition, we estimate 242, The Wells Road, Nottingham would be worth £143,240, with a potential rental value of £957 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £126,870, with a rental value of £847 per month.
The extent to which decoration affects a property's value depends on its type, size and location.
Recent Market Change
The estimated sale value of 242, The Wells Road, Nottingham has moved down by £2,541 (1.9%) over the last year. During the same period, its estimated monthly rental value has increased by £6 (0.7%). The property's estimated gross yield is currently 8.0%.
Energy Efficiency
242, The Wells Road, Nottingham has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 13 Mar 2019.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
Sold Prices
242, The Wells Road, Nottingham last changed hands on 14th October 2022, selling for £134,000. The transaction was logged as a freehold house by HM Land Registry.
In total it has sold twice since 1995.
The market for similar properties has dropped by 4.9% since October 2022.
- Sold Oct 2022£134,000
- Sold Aug 1995£34,000
Similar Properties Sold Nearby
Land Registry records and our Estate Agent network show 3 sales of comparable properties within 460 metres of 242, The Wells Road, Nottingham across the last 2 years.
Most recently, 21, Mickleborough Avenue, Nottingham, NG3 3EJ, a freehold house, sold at £140,000 on the 17th October 2024.
Read more about house prices in NG3.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Our analysis of the public data ranks 242, The Wells Road, Nottingham as the 195th largest and the 151st most expensive of the 231 addresses on The Wells Road, Nottingham, NG3.
Against the NG3 postcode district average, it is £84k less expensive than the typical property.
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Schools Nearby
- 600mHogarth Academy
- 600mPorchester Junior School
- 800mOur Lady & St Edward Primary & Nursery Catholic Voluntary Academy
- 1.0kmThe Wells Academy
- 1.6kmCarlton Academy
- 2.0kmBluecoat Trent Academy
More reading links
Public Transport Nearby
Nottingham station is the nearest stop to 242, The Wells Road, Nottingham at 2.9 kilometres away.
- 2.9kmNottingham
- 3.1kmCarlton
- 3.1kmNetherfield
Available Internet Speeds
Ofcom's latest figures show superfast broadband available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
Risk of Flooding
Environment Agency data suggests this area has a very low risk of flooding.
