7, PALMERSTON STREET, UNDERWOOD, NOTTINGHAM, NG16 5GJ - £237,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

7 PALMERSTON STREET is a midsized extended detached house of 94m², built sometime between 1983 and 1990. It was last sold for £237,000 in January 2024, which was around 9% below the average January 2024 detached price in the Ashfield local authority area. The most recent EPC inspection was July 2023, where the current energy rating was C, and the potential energy rating was B.

7 PALMERSTON STREET Sold Prices

Land registry data shows three sales for 7 PALMERSTON STREET since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Ashfield local authority area for the corresponding sale date. All of the three 7 PALMERSTON STREET sales were for below the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2024 23 JAN	£237,000	£260,923	9% below HPI
2016 26 AUG	£148,000	£181,882	19% below HPI
2012 3 FEB	£125,000	£143,958	13% below HPI

7 PALMERSTON STREET Price Paid vs. HPI Average

The below graph shows the average detached house price in the Ashfield local authority area over time, sourced from the HPI. The three 7 PALMERSTON STREET sales between February 2012 and January 2024 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the August 2016 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the January 2024 sale, where it rises to 9% below the HPI. The line then continues to track at 9% below the HPI.

How Large is 7 PALMERSTON STREET?

7 PALMERSTON STREET is 94m², which includes one extension, according to the EPC inspection conducted in July 2023. This puts it in the smallest 50% of detached houses in Underwood, based on EPC data. The below chart shows the distribution of detached houses by size in Underwood, and where 7 PALMERSTON STREET lies on this distribution: 43% of detached houses are smaller than 7 PALMERSTON STREET, and 57% of houses are larger. Note that EPC data is not available for all properties in Underwood.

7 PALMERSTON STREET: Plot and Title Map

7 PALMERSTON STREET sits on a plot of roughly 0.087 of an acre, or 351m². The below map shows the location of 7 PALMERSTON STREET, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 7 PALMERSTON STREET). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 7 PALMERSTON STREET?

7 PALMERSTON STREET is located in UNDERWOOD, in the NG16 postcode district. The below map shows the position of No. 7 on PALMERSTON STREET.