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Nottingham House Prices Nottingham House Prices

The average house price in Nottingham is £226,343 using HM Land Registry data.

The average property price increased by £57,079 (32.25%) over the last 5 years and increased by £11,437 (5.14%) over the last 12 months.

Over the last year, there were 1,929 residential property sales – a decrease of 734 transactions (-38.05%) relative to the previous year. The majority of house sales (541) were in the £154,000 - £198,000 range. Then came properties in the £110,000 - £154,000 range, where 373 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 103 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-7,899 (-2%).

In Dec 24, there were 251 new estate agency instructions, 251 agreed home sales and 211 property price reductions.

Neighbouring Areas: Hucknall, Arnold, Nuthall and Watnall, Carlton, West Bridgford, Beeston, Wilford

Postcodes Covered: NG1, NG2, NG3, NG4, NG5, NG6, NG7, NG8, NG9

5-Year Average Property Prices in Nottingham

32.25%

Property prices in Nottingham increased by 32.25% in last 5 years.

The trend shows the general price tendency over the last 5 years, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Average Property Prices in Nottingham Over the Last Year

5.14%

Property prices in Nottingham increased by 5.14% in last 12 months.

The trend shows the general price tendency over the last 12 months, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Property Market Heat Gauge for Nottingham - Dec 24

Our Property Market Heat Gauge looks at how long properties in your postcode district have been on the open market before being changed to sold 'Subject to Contract' ('STC') or 'Under Offer' on Rightmove (the UK's leading property portal).

At 81 to 100 days, the broad evidence suggests a very slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a notable market slowdown or a combination of both. In such scenarios, vendors may either choose to wait for the market to pick up (which may result in relisting the property at a later date). Those committed to selling will often need to drop the price to a level that will entice genuine homebuyer interest or approach a sell house fast or auction company like Property Solvers.

Please note that this is not an indicator of how quickly property sales are taking to complete (i.e. to go through the whole conveyancing process). This measurement also does not take into account the risk of home sales falling through.

No. of New Instructions Over the Last 12 Months in Nottingham

Using local estate agency reported data, this chart illustrates the number of properties that have come on to the market.

No. of Agreed Home Sales Over the Last 12 Months in Nottingham

Using local estate agency reported data, this chart illustrates the number of property sales agreed. Note that these figures are not fully reflective of properties completed (sold and registered as such at HM Land Registry).

No. of Properties with Price Reductions in Nottingham

Using local estate agency reported data, this chart illustrates the number of properties which have been seen their prices dropped (typically due to a lack of buyer interest).

Average Annual House Prices in the Nottingham since 1995

Using HM Land Registry data, this chart displays average annual house prices in the Nottingham area since 1995.

Recent Property Sales in Nottingham

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
49 Barwell Drive, Nottingham, City Of Nottingham, NG8 6LT£275,000£275,000£0010 Jun 202426 Nov 2024169 Days
70 Yatesbury Crescent, Nottingham, City Of Nottingham, NG8 3AW£185,000£178,000-£7,00026 Jun 202422 Nov 2024149 Days
291 Wollaton Vale, Wollaton, Nottingham, City Of Nottingham, NG8 2PX£295,000£270,000-£25,00026 Feb 202419 Nov 2024267 Days
2 Arnside Close, Nottingham, City Of Nottingham, NG5 5HJ£190,000£190,000£0017 Aug 202415 Nov 202490 Days
71 Leonard Street, Nottingham, City Of Nottingham, NG6 8RR£250,000£247,500-£2,50013 Aug 202415 Nov 202494 Days
5 Brookdale Court, Sherwood, Nottingham, City Of Nottingham, NG5 3GD£110,000£110,000£0020 Mar 202412 Nov 2024237 Days
4 Sankey Drive, Nottingham, City Of Nottingham, NG6 7DT£165,000£163,000-£2,00006 Sep 202411 Nov 202466 Days
28 Apollo Drive, Hempshill Vale, Nottingham, City Of Nottingham, NG6 7AF£110,000£90,000-£20,00022 Jul 201111 Nov 20244861 Days
14 Chertsey Close, Nottingham, City Of Nottingham, NG3 3EX£190,000£190,000£0015 Mar 202408 Nov 2024238 Days
24 Arnside Road, Nottingham, City Of Nottingham, NG5 5HE£225,000£223,000-£2,00009 Jun 202408 Nov 2024152 Days
14 Larwood Grove, Nottingham, City Of Nottingham, NG5 3JD£375,000£375,000£0028 Apr 202408 Nov 2024194 Days
4 Halifax Court, Nottingham, City Of Nottingham, NG8 6PG£260,000£260,000£0017 May 202408 Nov 2024175 Days
81 Broomhill Road, Nottingham, City Of Nottingham, NG6 9GL£170,000£169,000-£1,00025 Apr 202408 Nov 2024197 Days
13 Uppingham Gardens, The Meadows, Nottingham, City Of Nottingham, NG2 3LD£192,000£192,000£0025 Sep 202408 Nov 202444 Days
23 Albany Road, Nottingham, City Of Nottingham, NG7 7LX£155,000£151,000-£4,00002 May 202407 Nov 2024189 Days
412 Alfreton Road, Nottingham, City Of Nottingham, NG7 5NG£189,950£182,500-£7,45017 Jul 202407 Nov 2024113 Days
38 Renfrew Drive, Nottingham, City Of Nottingham, NG8 2FX£595,000£580,000-£15,00001 Aug 202407 Nov 202498 Days
312 The Wells Road, Nottingham, City Of Nottingham, NG3 3AA£220,000£207,000-£13,00010 Jul 202405 Nov 2024118 Days
25 Brendon Road, Nottingham, City Of Nottingham, NG8 1HW£375,000£365,000-£10,00007 Mar 202405 Nov 2024243 Days
45 Birchover Road, Bilborough, Nottingham, City Of Nottingham, NG8 4BT£200,000£195,000-£5,00016 Mar 202404 Nov 2024233 Days

Most Expensive Streets in Nottingham

PostcodeStreetAreaAverageNo. of Sales
NG8 2APWollaton RoadNottingham£1,218,3333
NG7 1DTLenton RoadThe Park£959,5004
NG3 5ENArlington DriveNottingham£953,3336
NG1 5DNPark TerraceNottingham£924,65510
NG7 1BWHuntingdon DriveNottingham£851,1146
NG7 1BUClare ValleyNottingham£821,2504
NG7 1BJNewcastle CircusNottingham£782,7504
NG3 5ESWarwick RoadNottingham£761,6663
NG3 4JUSpringfield PasturesNottingham£748,5717
NG8 2NABramcote LaneNottingham£745,0004

Least Expensive Streets in Nottingham

PostcodeStreetAreaAverageNo. of Sales
NG1 4AHShakespeare StreetNottingham£41,9993
NG1 6BHHounds GateNottingham£42,29011
NG1 3BWAvalon CourtKent Street, Nottingham£42,9374
NG1 1DEPark View CourtNottingham£49,26615
NG1 1DDPark View CourtNottingham£49,4688
NG1 6EPMinerva HouseSpaniel Row£50,7874
NG1 6BFMinerva HouseSpaniel Row£53,0006
NG5 2EGTavistock CourtNottingham£53,5003
NG3 5NFMapperley RoadNottingham£56,1666
NG3 4LNThe New Alexandra CourtWoodborough Road£62,1666

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