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According to the public record, 397, Spring Lane, Nottingham is a modern freehold house with 5,737 ft2 of internal area and sits on a 1,131 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 397, Spring Lane, Nottingham is £1,074,166 and the estimated rental value is £2,876 per month.
Spring Lane, Mapperley, Nottingham, NG3 is located in the borough of Gedling within the NG3 postal district.
397, Spring Lane, Nottingham has 41 entries in the Land Registry , most recently in December 2021 and a single entry in the EPC database dated August 2018.
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 397, Spring Lane, Nottingham is in very good condition we estimate a sale value of £1,127,874 and a rental value of £3,020 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £998,974 and a rental value of £2,675 per month.
Over the last 12 months the sale value of 397 Spring Lane Nottingham has decreased by an estimated £29,846 (2.8%) and its rental value has increased by an estimated £19 per month (0.7%), giving an expected gross yield of 3.2%.
According to data from HM Land Registry, 397, Spring Lane, Nottingham sits on a plot of 1131m2.
We have plot size data on 31 out of 31 other houses in the postcode and 397, Spring Lane, Nottingham sits on the largest plot.
397, Spring Lane, Nottingham has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 02 Aug 2018.
The property is connected to mains gas and has fully double glazed windows. It is heated using Air source heat pump, radiators, electric.
According to HM Land Registry, 397, Spring Lane, Nottingham was last sold on 1st December 2021 for £1,200,000 and was recorded as a freehold house.
The property has had 4 sales since 1995.
Since December 2021, the market for similar properties has dropped 19.6%
According to the Land Registry and our network of Estate Agents, there have been 3 property sales within a 650 metres radius of 397, Spring Lane, Nottingham over the last 2 years.
The most recent example is 8 Hopkin Court, Mapperley Plains, Nottingham, NG3 5SS, a leasehold flat which sold for £168,000 on the 17th June 2022.
Read more about house prices in NG3.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Spring Lane, Mapperley, Nottingham, NG3 has a total of 63 addresses. According to our analysis of all the public data, 397, Spring Lane, Nottingham is the largest and the most expensive property on the street.
When compared to the postcode district it is £856k more expensive than the average property in NG3.
The closest station to 397, Spring Lane, Nottingham is Carlton station which is 3.8 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 397, Spring Lane, Nottingham, 58.7% of property is privately owned outright and 34.7% 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 397, Spring Lane, Nottingham, 17.3% of residents are recorded as possessing school level qualifications and 42.3% 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 397, Spring Lane, Nottingham, the average age was 45.8 and the most common age was 57.
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 397, Spring Lane, Nottingham, 1.2% 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 397, Spring Lane, Nottingham, there are an average of 1.5 cars per household.
See below for how this compares to East Midlands and the rest of England & Wales.
