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House Prices in NG16 House Prices in NG16 (Nottingham)

The average house price in NG16 (Nottingham) is £193,880 using HM Land Registry data.

The average property price increased by £61,272 (36.2%) over the last 5 years and increased by £12,249 (5.11%) over the last 12 months.

Over the last year, there were 637 residential property sales – a decrease of 403 transactions (-63.27%) relative to the previous year. The majority of house sales (155) were in the £164,000 - £208,000 range. Then came properties in the £208,000 - £252,000 range, where 129 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 £-5,366 (-2%).

In June 2024, there were 121 new estate agency instructions, 94 agreed home sales and 91 property price reductions.

Nearby Postcodes: DE11, DE15, DE21, DE22, DE23, DE24, DE4, DE5, DE55, DE56, DE6, DE65, DE7, DE72, DE73, DE74, DE75, LE12, LE65, NG1, NG10, NG11, NG15, NG17, NG18, NG19, NG2, NG21, NG5, NG6, NG7, NG8, NG80, NG9, NG90, S44, S45

5-Year Average Property Prices in NG16 (Nottingham)

36.2%

Property prices in Nottingham increased by 36.2% 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 NG16 (Nottingham) Over the Last Year

5.11%

Property prices in Nottingham increased by 5.11% 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 NG16 (Nottingham) - June 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 NG16 (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 NG16 (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 NG16 (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 NG16 (Nottingham) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the NG16 postcode area since 1995.

Recent Sales in NG16 (Nottingham)

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
87 Palmerston Street, Underwood, Nottingham, Nottinghamshire, NG16 5GJ£215,000£215,000£0023 Oct 202303 May 2024193 Days
50 Beauvale, Newthorpe, Nottingham, Nottinghamshire, NG16 2EY£750,000£745,000-£5,00013 Nov 202303 May 2024172 Days
8 Orchard Street, Kimberley, Nottingham, Nottinghamshire, NG16 2LN£250,000£250,000£0013 Oct 202302 May 2024202 Days
4 - 6, Main Road, Watnall, Nottingham, Nottinghamshire, NG16 1HT£280,000£265,000-£15,00031 Aug 202302 May 2024245 Days
33 Barlows Cottages Lane, Awsworth, Nottingham, Nottinghamshire, NG16 2QW£240,000£227,500-£12,50019 Jan 202426 Apr 202498 Days
54 Highfield Road, Nuthall, Nottingham, Nottinghamshire, NG16 1BS£385,000£380,000-£5,00026 Oct 202326 Apr 2024183 Days
1 Brewery Street, Kimberley, Nottingham, Nottinghamshire, NG16 2JS£210,000£205,000-£5,00017 Nov 202326 Apr 2024161 Days
52 Royal Oak Drive, Selston, Nottingham, Nottinghamshire, NG16 6QF£160,000£160,000£0026 Dec 202326 Apr 2024122 Days
19 St Marys Walk, Jacksdale, Nottingham, Nottinghamshire, NG16 5LN£130,000£110,000-£20,00023 Jan 202422 Apr 202490 Days
1 Kestrel Heights, Codnor Park, Nottingham, Derbyshire, NG16 5PW£270,000£260,000-£10,00011 Oct 202319 Apr 2024191 Days
4 Kitson Avenue, Jacksdale, Nottingham, Nottinghamshire, NG16 5JE£160,000£160,000£0026 Dec 202318 Apr 2024114 Days
4 Cumberland Close, Westwood, Nottingham, Nottinghamshire, NG16 5JR£240,000£235,000-£5,00021 Jun 202311 Apr 2024295 Days
19 Pine Avenue, Langley Mill, Nottingham, Derbyshire, NG16 4BA£150,000£150,000£0009 Nov 202311 Apr 2024154 Days
44 Windsmoor Road, Brinsley, Nottingham, Nottinghamshire, NG16 5DA£230,000£215,000-£15,00026 Jun 202310 Apr 2024289 Days
34 Newthorpe Common, Newthorpe, Nottingham, Nottinghamshire, NG16 2EE£155,000£155,000£0013 Nov 202304 Apr 2024143 Days
68 Church Street West, Pinxton, Nottingham, Derbyshire, NG16 6PU£350,000£350,000£0031 Aug 202328 Mar 2024210 Days
100 High Street, Kimberley, Nottingham, Nottinghamshire, NG16 2PD£210,000£205,000-£5,00005 Jan 202428 Mar 202483 Days
22 The Heath, Giltbrook, Nottingham, Nottinghamshire, NG16 2UU£300,000£300,000£0028 Sep 202328 Mar 2024182 Days
48 Lea Lane, Selston, Nottingham, Nottinghamshire, NG16 6BY£230,000£215,000-£15,00014 Jul 202322 Mar 2024252 Days
37 Ratcliffe Street, Eastwood, Nottingham, Nottinghamshire, NG16 3BN£260,000£255,000-£5,00018 Aug 202308 Mar 2024203 Days

Most Expensive Streets in NG16 (Nottingham)

PostcodeStreetAreaAverageNo. of Sales
NG16 1DTWatnall Road, NuthallNottingham£493,3333
NG16 5AGHall Lane, BrinsleyNottingham£474,3754
NG16 5HEChurch Lane, UnderwoodNottingham£453,0005
NG16 2FDMoorgreen, NewthorpeNottingham£447,5007
NG16 2FFMoorgreen, NewthorpeNottingham£439,5004
NG16 6DRCrescent Road, SelstonNottingham£438,8005
NG16 1QEMornington Crescent, NuthallNottingham£424,1663
NG16 2RZAwsworth Lane, CossallNottingham£415,4583
NG16 5FALarch Close, UnderwoodNottingham£413,3333
NG16 1DAKimberley Road, NuthallNottingham£413,1427

Least Expensive Streets in NG16 (Nottingham)

PostcodeStreetAreaAverageNo. of Sales
NG16 5NJMarket Street, IronvilleNottingham£71,1005
NG16 5NHMarket Place, IronvilleNottingham£77,0004
NG16 6RXPinxton Court, Wharf RoadNottingham£78,7504
NG16 6FGVictoria Terrace, SelstonNottingham£83,3333
NG16 4EEBridge Street, Langley MillNottingham£86,7504
NG16 6PLAlexander Terrace, PinxtonNottingham£89,8754
NG16 4BXHampden Street, Langley MillNottingham£90,0003
NG16 6LLPool Close, PinxtonNottingham£90,1427
NG16 6PWQueen Street, PinxtonNottingham£92,6663
NG16 5NEButterley Court, Old Stone BridgeNottingham£93,4005

Explore NG16 (Nottingham) using map

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