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Apartments of this size in this area normally have 1 bedroom.
Based on available information, and assuming reasonable condition, the estimated sale value for Studio 421, The Laceworks, Nottingham is £83,591 and the estimated rental value is £422 per month.
The apartment is within The Laceworks, Queens Road, Nottingham, NG2.
Queens Road, Nottingham, NG2 is located within the NG2 postal district.
Studio 421, The Laceworks, Nottingham has no records in the the Land Registry and a single entry in the EPC database dated September 2019.
We combine this information with public data 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.
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 Studio 421, The Laceworks, Nottingham is in very good condition we estimate a sale value of £87,770 and a rental value of £443 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £77,740 and a rental value of £392 per month.
Over the last 12 months the sale value of Studio 421 The Laceworks Nottingham has decreased by an estimated £1,818 (2.2%) and its rental value has increased by an estimated £2 per month (0.5%), giving an expected gross yield of 6.1%.
Studio 421, The Laceworks, Nottingham has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 06 Sep 2019.
The property is not connected to mains gas and has high performance glazing. It is heated using Room heaters, electric.
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Studio 421, The Laceworks, Nottingham within a radius of 320 metres over the last 2 years.
The most recent example is Studio 612, The Laceworks, Queens Road, Nottingham, NG2 3UR, a leasehold flat which sold for £88,500 on the 27th February 2024.
Read more about house prices in NG2.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Queens Road, Nottingham, NG2 has a total of 889 addresses. According to our analysis of all the public data, Studio 421, The Laceworks, Nottingham is the 834th largest and the 833rd most expensive property on the street.
When compared to the postcode district it is £231k less expensive than the average property in NG2.
The closest station to Studio 421, The Laceworks, Nottingham is Nottingham station which is 300 metres away.
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 Studio 421, The Laceworks, Nottingham, % of property is and % is .
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 Studio 421, The Laceworks, Nottingham, 0.0% of residents are recorded as possessing school level qualifications and 0.0% as possessing degree level qualifications.
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 Studio 421, The Laceworks, Nottingham, 0.0% 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 Studio 421, The Laceworks, Nottingham, there are an average of 0.0 cars per household.
See below for how this compares to East Midlands and the rest of England & Wales.