8, Medway Drive
8, Medway Drive
Description & Estimates
8, Medway Drive, Nottingham is recorded publicly as a modern Leasehold apartment across 613 ft2 of internal area.
Locally, apartments of this size normally have 2 bedrooms.
Our estimate of the sale value of 8, Medway Drive, Nottingham is £158,720 and its rental estimate is £797 per month, given the available information and assuming reasonable condition.
Medway Drive, Bingham, Nottingham, NG13 falls within the NG13 postal district, in the borough of Rushcliffe.
Our Data Sources
8, Medway Drive, Nottingham has 2 entries in the Land Registry , most recently in February 2016 and a single entry in the EPC database dated July 2020.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 2 out of 5 and is considered of medium 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 8, Medway Drive, Nottingham, we estimate a market value of £166,656 and a rental value of £837 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £147,609 and £742 per month respectively.
Recent Market Change
Over the last year, 8, Medway Drive, Nottingham has seen its estimated sale value move up by £174 (0.1%) and its estimated rental value increase by £19 per month (2.4%). This results in an estimated gross rental yield of 6.0%.
Energy Efficiency
8, Medway Drive, Nottingham has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 23 Jul 2020.
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 8, Medway Drive, Nottingham completed on 5th February 2016 at £149,995 and was recorded by HM Land Registry as a leasehold flat.
Since 1995 the property has sold twice.
Values of comparable properties have risen by 10.3% over the period since February 2016.
- Sold Feb 2016£149,995
- Sold Mar 2009£110,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 8, Medway Drive, Nottingham have sold within a radius of 820 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 13th December 2024, was 14, Wharf Gardens, Nottingham, NG13 8YE, a leasehold flat which sold for £140,000.
Read more about house prices in NG13.
- Sold Dec 2024£140,000 | 2 Bed Flat14, Wharf Gardens, Nottingham, NG13 8YE14, Wharf Gardens, Nottingham, NG13 8YE
- Sold Sep 2024£175,000 | 2 Bed Flat28, Medway Drive, Nottingham, NG13 8YD28, Medway Drive, Nottingham, NG13 8YD
- Sold Mar 2024£140,000 | 2 Bed Flat18, Wharf Gardens, Nottingham, NG13 8YE18, Wharf Gardens, Nottingham, NG13 8YE
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
More reading links
Location Comparison
Of the 33 addresses on Medway Drive, Bingham, Nottingham, NG13, 8, Medway Drive, Nottingham comes out as the 30th largest and the 32nd most expensive in our analysis of the public data.
It is also £193k less expensive than the average property across the NG13 district.
More reading links
Schools Nearby
- 1.1kmRobert Miles Infant School
- 1.3kmBingham Primary School
- 1.5kmRobert Miles Junior School
- 1.2kmToot Hill School
- 4.1kmSouth Nottinghamshire Academy
- 7.2kmCarlton le Willows Academy
More reading links
Public Transport Nearby
From 8, Medway Drive, Nottingham, the nearest station is Bingham, 1.5 kilometres away.
- 1.5kmBingham
- 4.3kmRadcliffe (Nottinghamshire)
- 4.9kmAslockton
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.
