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Apartments of this size in this area normally have 2 bedrooms.
Based on available information, and assuming reasonable condition, the estimated sale value for Flat 2, 8, The Ropewalk, Nottingham is £465,936 and the estimated rental value is £2,748 per month.
The apartment is within 8, The Ropewalk, Nottingham, NG1.
The Ropewalk, Nottingham, NG1 is located within the NG1 postal district.
Flat 2, 8, The Ropewalk, Nottingham has no records in the the Land Registry and a single entry in the EPC database dated August 2022.
We combine this information with public data of neighbouring properties to estimate the property attributes and values.
The local information is scored as 1 out of 5 and is considered of low 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 Flat 2, 8, The Ropewalk, Nottingham is in very good condition we estimate a sale value of £489,233 and a rental value of £2,886 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £433,320 and a rental value of £2,556 per month.
Over the last 12 months the sale value of Flat 2 8 The Ropewalk Nottingham has decreased by an estimated £11,972 (2.6%) and its rental value has decreased by an estimated £18 per month (0.6%), giving an expected gross yield of 7.1%.
Flat 2, 8, The Ropewalk, Nottingham has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 19 Aug 2022.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
According to the Land Registry and our network of Estate Agents, there have been 2 sales of properties similar to Flat 2, 8, The Ropewalk, Nottingham within a radius of 280 metres over the last 2 years.
The most recent example is 19, Park Terrace, Nottingham, NG1 5DN, a leasehold flat which sold for £410,000 on the 3rd September 2019.
Read more about house prices in NG1.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
The Ropewalk, Nottingham, NG1 has a total of 163 addresses. According to our analysis of all the public data, Flat 2, 8, The Ropewalk, Nottingham is the 33rd largest and the 10th most expensive property on the street.
When compared to the postcode district it is £317k more expensive than the average property in NG1.
The closest station to Flat 2, 8, The Ropewalk, Nottingham is Nottingham station which is 1.3 kilometres away.
According to recent data from Ofcom, superfast broadband is available in this area.
According to recent data from Ofcom, Superfast 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.
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The recent census recorded whether a resident owned or rented their home.
In the area around Flat 2, 8, The Ropewalk, Nottingham, 55.7% of property is privately rented and 24.2% is privately owned outright.
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 Flat 2, 8, The Ropewalk, Nottingham, 16.7% of residents are recorded as possessing school level qualifications and 73.9% 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 Flat 2, 8, The Ropewalk, 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 Flat 2, 8, The Ropewalk, Nottingham, 2.8% 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 Flat 2, 8, The Ropewalk, Nottingham, there are an average of 1.0 cars per household.
See below for how this compares to East Midlands and the rest of England & Wales.