248, The Wells Road
248, The Wells Road
Description & Estimates
248, The Wells Road, Nottingham is recorded publicly as a modern freehold house across 516 ft2 of internal area.
Locally, houses of this size normally have 2 bedrooms with a garden.
Our estimate of the sale value of 248, The Wells Road, Nottingham is £136,419 and its rental estimate is £911 per month, given the available information and assuming reasonable condition.
The Wells Road, Nottingham, NG3 falls within the NG3 postal district.
Our Data Sources
248, The Wells Road, Nottingham has 31 entries in the Land Registry , most recently in February 2020 and a single entry in the EPC database dated August 2021.
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
The condition of a property plays an important role in determining its value, with the degree of impact varying by property type, size and location.
For 248, The Wells Road, Nottingham, we estimate a market value of £143,240 and a rental value of £957 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £126,870 and £847 per month respectively.
Recent Market Change
Over the last year, 248, The Wells Road, Nottingham has seen its estimated sale value drop by £2,541 (1.9%) and its estimated rental value rise by £6 per month (0.7%). This results in an estimated gross rental yield of 8.0%.
Energy Efficiency
248, The Wells Road, Nottingham has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 13 Aug 2021.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
Sold Prices
The most recent sale of 248, The Wells Road, Nottingham completed on 14th February 2020 at £100,000 and was recorded by HM Land Registry as a freehold house.
Since 1995 the property has sold 3 times.
Values of comparable properties have risen by 23.2% over the period since February 2020.
- Sold Feb 2020£100,000
- Sold May 2002£46,500
- Sold Jul 1997£37,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 248, The Wells Road, Nottingham have sold within a radius of 470 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 17th October 2024, was 21, Mickleborough Avenue, Nottingham, NG3 3EJ, a freehold house which sold for £140,000.
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
Of the 231 addresses on The Wells Road, Nottingham, NG3, 248, The Wells Road, Nottingham comes out as the 192nd largest and the 149th most expensive in our analysis of the public data.
It is also £84k less expensive than the average property across the NG3 district.
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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
From 248, The Wells Road, Nottingham, the nearest station is Nottingham, 2.9 kilometres away.
- 2.9kmNottingham
- 3.1kmCarlton
- 3.1kmNetherfield
Available Internet Speeds
Broadband here reaches superfast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Superfast broadband is available in the area.
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
