Before you offer on a home at NG8 2GE: the checks to raise with your surveyor and conveyancer, whether an asking price stands up against what sold nearby, how prices here have moved since 1995, what it costs to run a home, and a buyer's report for every home on the postcode.
1 thing to raise before an offer, and a street where the typical sale was £219k. In Wollaton Vale.
1 to check3 clear£219k typical on Fernwood Crescent
The checklist
Before you make an offer
Check
Coal mining high-risk areaPast shallow mining or mine entries may affect building here. Your conveyancer should order a coal mining search (Coal Authority).
Note
Ground: landslides moderateBGS rates the wider 5 km area for these; it describes the area, not the plot. Mention it to your surveyor, especially for an older home or big trees near the house.
Note
Busy road: U, 580 m awayAbout 8,022 vehicles a day in 2019 (DfT traffic counts).
Clear
No river or sea flood risk recordedNot in the Environment Agency's high or medium risk areas. Surface water isn't included: check the exact address on GOV.UK.
Clear
Quiet by WHO standardsRoad traffic about 41 dB (24-hour average), under the WHO guideline of 53.
Clear
Gigabit broadband100% of premises in the postcode can get it (Ofcom).
£219ktypical sale on Fernwood Crescent, last 10 years
£3,460typical price per m² in Wollaton Vale
£1,170–£3,280per m² for homes at NG8 2GE sold since 2015
Multiply a home's floor area (on its energy certificate) by £3,460 for a neighbourhood benchmark: 90 m² comes to about £311k. Homes at NG8 2GE have sold below it. Check an asking price.
HM Land Registry sold prices; floor areas from energy certificates.
Trend
Prices in Wollaton Vale
Wollaton Vale
+43% over ten years (2015 to 2025).
Typical (median) sale price each year, all home types, HM Land Registry.
What homes cost and rent in Wollaton Vale, by size
Size
Typical value today
Cheaper quarter
Estimated rent
Gross yield
1 bed *
£110k
£89k
£730 a month
8.0%
2 beds
£260k
£210k
£1,100 a month
5.1%
3 beds
£343k
£292k
£1,300 a month
4.5%
4+ beds
£517k
£412k
£1,770 a month
4.1%
All homes
£346k
£280k
£1,280 a month
4.4%
Values: sales since 2021 of homes with an energy certificate (bedrooms estimated from its rooms), carried to today on the local price index; the cheaper quarter is what a quarter of them go for under. * Too few sales here, so the council's figure. Rents are estimates: the council's typical private rent (ONS) adjusted for how values here compare. Gross yield = a year's rent ÷ value, before costs. Compare it with other places