According to the public record, 1, Pennhome Avenue, Nottingham is a modern leasehold apartment with 473 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in 1, Pennhome Avenue, Nottingham, NG5.
Pennhome Avenue, Nottingham, NG5 is located within the NG5 postal district.
1, Pennhome Avenue, Nottingham has a single entry in the Land Registry database from April 2015 and a single entry in the EPC database dated January 2015.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 1 Pennhome Avenue Nottingham as £104,256 and the rental value as £639 per month giving an expected gross yield of 7.4%.
Over the last 12 months the sale value of 1 Pennhome Avenue Nottingham has increased by £2,664 (2.6%) and its rental value has increased by £59 per month (9.2%).
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 1, Pennhome Avenue, Nottingham is in very good condition we estimate a sale value of £109,468 and rental value of £671 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £96,958 and a rental value of £594 per month.
If you were able to purchase this property for the estimated value of £104,256, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £512 per month.
This figure is only an estimate but we've partnered with Mortgage Advice Bureau who can provide a figure tailored for you! Get started using their mortgage finder below.
According to HM Land Registry, 1, Pennhome Avenue, Nottingham was last sold on 07 Apr 2015 for £47,500 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Apr 2015, the market for similar properties has risen 41.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 1, Pennhome Avenue, Nottingham within a radius of 390 metres over the last 2 years.
The most recent example is 1A, Pennhome Avenue, Nottingham, NG5 2FG, a Leasehold flat which sold for £102,000 in Feb 2024.
Read more about house prices in NG5.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Pennhome Avenue, Nottingham, NG5 has a total of 8 addresses. According to our analysis of all the public data, 1, Pennhome Avenue, Nottingham is the 8th largest and the 8th most expensive property on the street.
When compared to the postcode district it is £97k less expensive than the average property in NG5.
1, Pennhome Avenue, Nottingham has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 06 Jan 2015.
The property is connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
The closest station to 1, Pennhome Avenue, Nottingham is Nottingham station which is 3.6 kilometres away.
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 1, Pennhome Avenue, Nottingham, 43.8% of property is privately rented and 21.9% is privately owned with a mortgage.
The graph below shows how this compares to Greater London 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 1, Pennhome Avenue, Nottingham, 24.7% of residents are recorded as possessing school level qualifications and 52.4% as possessing degree level qualifications.
The graph below shows how this compares to Greater London and the rest of England & Wales
The most recent census in 2021 recorded the age of all UK residents.
In the area around 1, Pennhome Avenue, Nottingham, the average age was 41.2 and the most common age was 32.
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 1, Pennhome Avenue, Nottingham, 0.4% 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 1, Pennhome Avenue, Nottingham, there are an average of 0.8 cars per household.
See below for how this compares to East Midlands and the rest of England & Wales.