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Southwell House Prices Southwell House Prices

The average house price in Southwell is £363,250 using HM Land Registry data.

The average property price increased by £93,917 (28.81%) over the last 5 years and increased by £18,771 (4.68%) over the last 12 months.

Over the last year, there were 78 residential property sales – a decrease of 42 transactions (-53.85%) relative to the previous year. The majority of house sales (18) were in the £210,000 - £296,000 range. Then came properties in the £296,000 - £382,000 range, where 18 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 57 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-9,542 (-2%).

In April 2024, there were 20 new estate agency instructions, 12 agreed home sales and 12 property price reductions.

Postcodes Covered: NG25

5-Year Average Property Prices in Southwell

28.81%

Property prices in Southwell increased by 28.81% 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 Southwell Over the Last Year

4.68%

Property prices in Southwell increased by 4.68% 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 Southwell - April 2024

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 41 to 60 days, the broad evidence suggests that the market is reasonably slow moving. Although some sellers in your postcode may be willing to wait up to 9 weeks, this data would suggest that estate agents may be overvaluing properties. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in relisting the property at a later date).Others simply reduce the price to a level that will entice more buyer 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 Southwell

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 Southwell

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 Southwell

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 Southwell since 1995

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

Recent Property Sales in Southwell

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
67 Norwood Gardens, Southwell, Nottinghamshire, NG25 0DT£220,000£202,500-£17,50025 Nov 202305 Mar 2024101 Days
54 Springfield Road, Southwell, Nottinghamshire, NG25 0BT£325,000£312,500-£12,50014 Jul 202313 Feb 2024214 Days
42 Kirklington Road, Southwell, Nottinghamshire, NG25 0AY£250,000£221,000-£29,00009 Aug 202309 Feb 2024184 Days
Chimney Cottage, Lower Kirklington Road, Southwell, Nottinghamshire, NG25 0DN£215,000£213,000-£2,00023 Jun 202305 Feb 2024227 Days
21 Monckton Drive, Southwell, Nottinghamshire, NG25 0AW£550,000£525,000-£25,00029 Nov 202319 Dec 202320 Days
2a, Kirklington Road, Southwell, Nottinghamshire, NG25 0AY£500,000£495,000-£5,00009 May 202318 Dec 2023223 Days
19 Leeks Close, Southwell, Nottinghamshire, NG25 0BA£219,950£208,000-£11,95003 Apr 202315 Dec 2023256 Days
41 Westgate, Southwell, Nottinghamshire, NG25 0JN£240,000£225,000-£15,00004 Apr 202308 Dec 2023248 Days
7 Lowes Wong, Southwell, Nottinghamshire, NG25 0JS£395,000£330,000-£65,00005 May 202327 Nov 2023206 Days
64 Lower Kirklington Road, Southwell, Nottinghamshire, NG25 0BH£415,000£400,000-£15,00005 Jun 202331 Oct 2023148 Days
5 Apple Tree Close, Southwell, Nottinghamshire, NG25 0AN£535,000£530,000-£5,00016 May 202326 Oct 2023163 Days
38 Honing Drive, Southwell, Nottinghamshire, NG25 0LB£429,950£420,000-£9,95016 May 202326 Oct 2023163 Days
7 Sheppards Row, Southwell, Nottinghamshire, NG25 0AB£225,000£217,000-£8,00006 Jul 202313 Oct 202399 Days
16 Apple Tree Close, Southwell, Nottinghamshire, NG25 0AN£325,000£305,000-£20,00010 May 202310 Oct 2023153 Days
6 Apple Tree Close, Southwell, Nottinghamshire, NG25 0AN£425,000£412,000-£13,00019 May 202304 Oct 2023138 Days
9 Nursery End, Southwell, Nottinghamshire, NG25 0BY£530,000£431,000-£99,00024 May 202304 Oct 2023133 Days
6 Sheppards Row, Southwell, Nottinghamshire, NG25 0AB£195,000£193,000-£2,00002 Jun 202320 Sep 2023110 Days
16 Byron Gardens, Southwell, Nottinghamshire, NG25 0DW£395,000£375,000-£20,00002 Jun 202315 Sep 2023105 Days
13 Abbey Mews, Southwell, Nottinghamshire, NG25 0EX£235,000£226,000-£9,00001 Dec 202201 Sep 2023274 Days
36 Byron Gardens, Southwell, Nottinghamshire, NG25 0DW£625,000£625,000£0019 May 202330 Aug 2023103 Days

Most Expensive Streets in Southwell

PostcodeStreetAreaAverageNo. of Sales
NG25 0GACanons CloseSouthwell£1,075,0003
NG25 0FEHumberstone RoadSouthwell£701,6663
NG25 0NEWesthorpeSouthwell£669,8005
NG25 0NGWesthorpeSouthwell£634,0003
NG25 0FFAdams RowSouthwell£631,6663
NG25 0LRHalloughton RoadSouthwell£612,5004
NG25 0JNWestgateSouthwell£546,4287
NG25 0RLArchers FieldSouthwell£507,1878
NG25 0EDMarrison WaySouthwell£490,0003
NG25 0TYCottams CloseSouthwell£486,6663

Least Expensive Streets in Southwell

PostcodeStreetAreaAverageNo. of Sales
NG25 0EHKing StreetSouthwell£125,8624
NG25 0LWMoorfield CourtSouthwell£148,3336
NG25 0GLGreet Lily MillStation Road£173,2818
NG25 0AZWolsey CloseSouthwell£175,0006
NG25 0LQPark TerraceSouthwell£188,8163
NG25 0EXAbbey MewsSouthwell£200,6005
NG25 0ABSheppards RowSouthwell£206,6663
NG25 0BALeeks CloseSouthwell£218,4217
NG25 0DTNorwood GardensSouthwell£226,5007
NG25 0EZDover StreetSouthwell£228,4005

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