Studio 703, The Laceworks
Studio 703, The Laceworks
Description & Estimates
Public records show Studio 703, The Laceworks, Nottingham to be a modern leasehold apartment with 215 ft2 of internal area.
In this area, apartments of this size normally have 1 bedroom.
Studio 703, The Laceworks, Nottingham has an estimated sale value of £83,377 and an estimated rental value of £438 per month, assuming reasonable condition and based on the information available.
The apartment sits within The Laceworks, Queens Road, Nottingham, NG2.
Queens Road, Nottingham, NG2 lies within the NG2 postal district.
Our Data Sources
Studio 703, The Laceworks, Nottingham has a single entry in the Land Registry from October 2019 and a single entry in the EPC database dated September 2019.
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
In very good condition, we estimate Studio 703, The Laceworks, Nottingham would be worth £87,546, with a potential rental value of £460 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £77,541, with a rental value of £407 per month.
The extent to which decoration affects a property's value depends on its type, size and location.
Recent Market Change
The estimated sale value of Studio 703, The Laceworks, Nottingham has fallen by £1,637 (2.0%) over the last year. During the same period, its estimated monthly rental value has moved up by £9 (2.1%). The property's estimated gross yield is currently 6.3%.
Energy Efficiency
Studio 703, 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).
Sold Prices
Studio 703, The Laceworks, Nottingham last changed hands on 1st October 2019, selling for £86,200. The transaction was logged as a leasehold flat by HM Land Registry.
That is its only recorded sale since 1995.
The market for similar properties has risen by 42.2% since October 2019.
- Sold Oct 2019£86,200
Similar Properties Sold Nearby
Land Registry records and our Estate Agent network show 157 sales of comparable properties within 320 metres of Studio 703, The Laceworks, Nottingham since 2019.
Most recently, Studio 612, The Laceworks, Queens Road, Nottingham, NG2 3UR, a leasehold flat, sold at £88,500 on the 27th February 2024.
Read more about house prices in NG2.
- Sold Feb 2024£88,500 | 1 Bed FlatStudio 612, The Laceworks, Queens Road, Nottingham, NG2 3URStudio 612, The Laceworks, Queens Road, Nottingham, NG2 3UR
- Sold Oct 2019£87,700 | 1 Bed FlatStudio 626, The Laceworks, Queens Road, Nottingham, NG2 3URStudio 626, The Laceworks, Queens Road, Nottingham, NG2 3UR
- Sold Oct 2019£87,700 | 1 Bed FlatStudio 625, The Laceworks, Queens Road, Nottingham, NG2 3URStudio 625, The Laceworks, Queens Road, Nottingham, NG2 3UR
- Sold Oct 2019£82,500 | 1 Bed FlatStudio 119, The Laceworks, Queens Road, Nottingham, NG2 3UNStudio 119, The Laceworks, Queens Road, Nottingham, NG2 3UN
- Sold Oct 2019£86,200 | 1 Bed FlatStudio 704, The Laceworks, Queens Road, Nottingham, NG2 3URStudio 704, The Laceworks, Queens Road, Nottingham, NG2 3UR
Nearby is defined as the radius comprising the nearest 2,000 addresses.
More reading links
Explore Nearby Properties
The surrounding properties have an average estimated value of £92,007, ranging from £83,377 to £132,345.
- Studio 402 The Laceworks
1 Bed Flat | 0 m | Est. Value: £83,377
- Studio 422 The Laceworks
1 Bed Flat | 0 m | Est. Value: £85,526
- Studio 701 The Laceworks
2 Bed Flat | 0 m | Est. Value: £112,099
- Studio 501 The Laceworks
2 Bed Flat | 0 m | Est. Value: £112,099
- Studio 606 The Laceworks
1 Bed Flat | 0 m | Est. Value: £83,377
Location Comparison
Our analysis of the public data ranks Studio 703, The Laceworks, Nottingham as the 798th largest and the 798th most expensive of the 894 addresses on Queens Road, Nottingham, NG2.
Against the NG2 postcode district average, it is £237k less expensive than the typical property.
More reading links
Schools Nearby
- Welbeck Primary School500 m away
- Greenfields Community School600 m away
- William Booth Primary and Nursery School900 m away
- The Nottingham Emmanuel School1.6 km away
- The Becket School2.2 km away
- Nottingham University Academy of Science and Technology2.6 km away
More reading links
Public Transport Nearby
Nottingham station is the nearest stop to Studio 703, The Laceworks, Nottingham at 300 metres away.
- Nottingham|300 m away
- Netherfield|4.6 km away
- Carlton|4.8 km away
Risk of Flooding
Environment Agency data suggests this area has a Low risk of flooding.
