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House Prices in NG1

The average house price in NG1 (Nottingham) is £117,750 using HM Land Registry data.

The average property price increased by £35,584 (13.18%) over the last 5 years and increased by £7,130 (2.18%) over the last 12 months.

Over the last year, there were 66 residential property sales – a decrease of 34 transactions (-51.52%) relative to the previous year. The majority of house sales (20) were in the £122,000 - £164,000 range. Then came properties in the £80,000 - £122,000 range, where 15 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 94 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-6,666 (-2%).

In Oct 24, there were 33 new estate agency instructions, 15 agreed home sales and 52 property price reductions.

5-Year Average Property Prices in NG1 (Nottingham)

13.18%

Property prices in Nottingham increased by 13.18% 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 NG1 (Nottingham) Over the Last Year

2.18%

Property prices in Nottingham increased by 2.18% 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.

Property Market Heat Gauge for NG1 (Nottingham) - Oct 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 NG1 (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 NG1 (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 NG1 (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 NG1 (Nottingham) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the NG1 postcode area since 1995.

Recent Sales in NG1 (Nottingham)

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
11 Carter Gate, Nottingham, City Of Nottingham, NG1 1GL	£140,000	£130,000	-£10,000	15 Mar 2024	31 May 2024	77 Days
Apartment 313, Parkgate, Upper College Street, Nottingham, City Of Nottingham, NG1 5AP	£170,000	£163,500	-£6,500	13 Sep 2023	08 Mar 2024	177 Days
Richmond House, Park Terrace, Nottingham, City Of Nottingham, NG1 5DN	£1,100,000	£1,010,000	-£90,000	15 Jan 2024	29 Jan 2024	14 Days
54 Cliff Road, Nottingham, City Of Nottingham, NG1 1GY	£190,000	£185,000	-£5,000	19 Sep 2023	12 Jan 2024	115 Days
14a, Park Terrace, Nottingham, City Of Nottingham, NG1 5DN	£1,700,000	£1,650,000	-£50,000	10 Oct 2022	15 Sep 2023	340 Days
Apartment 62, The Arena, Standard Hill, Nottingham, City Of Nottingham, NG1 6GL	£400,000	£395,000	-£5,000	13 Feb 2023	18 Aug 2023	186 Days
Apartment 5, Kings Court, Commerce Square, Nottingham, City Of Nottingham, NG1 1HS	£230,000	£230,000	£00	31 Jan 2023	30 Jun 2023	150 Days
Flat 28, Royal Standard House, Standard Hill, Nottingham, City Of Nottingham, NG1 6FX	£425,000	£410,000	-£15,000	08 Dec 2022	05 Apr 2023	118 Days
6 Matlock Court, Nottingham, City Of Nottingham, NG1 4DT	£170,000	£165,000	-£5,000	12 Jan 2023	03 Mar 2023	50 Days
Flat 32, Regent Court, Derby Street, Nottingham, City Of Nottingham, NG1 5FF	£130,000	£130,000	£00	20 Jul 2022	17 Feb 2023	212 Days
Flat 9, Royal Standard House, Standard Hill, Nottingham, City Of Nottingham, NG1 6FX	£475,000	£475,000	£00	03 Feb 2022	09 Dec 2022	309 Days
Apartment 80, The Arena, Standard Hill, Nottingham, City Of Nottingham, NG1 6GL	£240,000	£240,000	£00	06 Jul 2022	30 Nov 2022	147 Days
18 Forest Road East, Nottingham, City Of Nottingham, NG1 4HH	£300,000	£270,000	-£30,000	22 Feb 2021	09 Nov 2022	625 Days
Flat 6, The Pinnacle, Cottage Terrace, Nottingham, City Of Nottingham, NG1 5AS	£220,000	£215,000	-£5,000	25 Dec 2021	07 Nov 2022	317 Days
Apartment 3, Charles House, Park Row, Nottingham, City Of Nottingham, NG1 6GR	£90,000	£88,000	-£2,000	25 Jan 2022	04 Nov 2022	283 Days
Apartment 10, Number One Fletcher Gate, Adams Walk, Nottingham, City Of Nottingham, NG1 1QP	£300,000	£300,000	£00	23 Mar 2022	21 Oct 2022	212 Days
Apartment 77, The Arena, Standard Hill, Nottingham, City Of Nottingham, NG1 6GL	£200,000	£195,000	-£5,000	19 Apr 2022	07 Sep 2022	141 Days
Apartment 601, Marco Island, Huntingdon Street, Nottingham, City Of Nottingham, NG1 1AS	£120,000	£120,000	£00	03 Jun 2019	18 Aug 2022	1172 Days
Apartment 211, Marco Island, Huntingdon Street, Nottingham, City Of Nottingham, NG1 1AP	£80,000	£77,000	-£3,000	28 Sep 2021	03 Aug 2022	309 Days
Flat 64, The Habitat, Woolpack Lane, Nottingham, City Of Nottingham, NG1 1GH	£125,000	£102,500	-£22,500	02 Aug 2021	22 Jul 2022	354 Days

Most Expensive Streets in NG1 (Nottingham)

Postcode	Street	Area	Average	No. of Sales
NG1 5DN	Park Terrace	Nottingham	£924,655	10
NG1 6AF	Castle Gate	Nottingham	£697,500	4
NG1 5DT	The Ropewalk	Nottingham	£348,583	6
NG1 5DW	The Ropewalk	Nottingham	£333,166	6
NG1 6FX	City Point, Standard Hill	Nottingham	£330,105	9
NG1 6GX	Park Row	Nottingham	£318,333	3
NG1 2GJ	Byard Lane	Nottingham	£274,500	5
NG1 3AA	Heathcoat Street	Nottingham	£259,250	4
NG1 4HS	Forest Grove	Nottingham	£231,025	4
NG1 1QR	Number One Fletcher Gate, Adams Walk	Nottingham	£229,111	9

Least Expensive Streets in NG1 (Nottingham)

Postcode	Street	Area	Average	No. of Sales
NG1 6BH	Hounds Gate	Nottingham	£42,290	11
NG1 3BW	Avalon Court, Kent Street, Nottingham	Nottingham	£42,937	4
NG1 1DE	Park View Court	Nottingham	£49,266	15
NG1 1DD	Park View Court	Nottingham	£49,468	8
NG1 6EP	Minerva House, Spaniel Row	Nottingham	£49,775	6
NG1 6BF	Minerva House, Spaniel Row	Nottingham	£53,000	6
NG1 1ES	Cranbrook House, Cranbrook Street, Nottingham	Nottingham	£58,333	3
NG1 4FQ	Peachey Street	Nottingham	£66,250	4
NG1 2AP	Upper Parliament Street	Nottingham	£68,000	3
NG1 1JW	The Ice House, Belward Street, Nottingham	Nottingham	£79,000	5