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House Prices in NG25

The average house price in NG25 (Southwell) is £294,125 using HM Land Registry data.

The average property price increased by £64,538 (43.27%) over the last 5 years and increased by £12,902 (5.85%) over the last 12 months.

Over the last year, there were 100 residential property sales – a decrease of 46 transactions (-46.00%) relative to the previous year. The majority of house sales (24) were in the £210,000 - £304,000 range. Then came properties in the £304,000 - £398,000 range, where 22 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 64 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-9,542 (-2%).

In June 2024, there were 24 new estate agency instructions, 20 agreed home sales and 15 property price reductions.

5-Year Average Property Prices in NG25 (Southwell)

43.27%

Property prices in Southwell increased by 43.27% 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 NG25 (Southwell) Over the Last Year

5.85%

Property prices in Southwell increased by 5.85% 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 NG25 (Southwell) - 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 61 to 80 days, the broad evidence suggests a slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a market slowdown or a combination of both. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in some 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 NG25 (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 NG25 (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 NG25 (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 NG25 (Southwell) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the NG25 postcode area since 1995.

Recent Sales in NG25 (Southwell)

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
1 Orchard Court, Oxton, Southwell, Nottinghamshire, NG25 0SR	£580,000	£550,000	-£30,000	06 Nov 2023	10 May 2024	186 Days
20 Mayhill, Southwell, Nottinghamshire, NG25 0BE	£245,000	£237,500	-£7,500	27 Nov 2023	24 Apr 2024	149 Days
18 Apple Tree Close, Southwell, Nottinghamshire, NG25 0AN	£360,000	£345,000	-£15,000	19 Oct 2023	03 Apr 2024	167 Days
40 Moorfield Court, Southwell, Nottinghamshire, NG25 0LW	£165,000	£162,000	-£3,000	11 May 2023	02 Apr 2024	327 Days
67 Norwood Gardens, Southwell, Nottinghamshire, NG25 0DT	£220,000	£202,500	-£17,500	25 Nov 2023	05 Mar 2024	101 Days
35 Woodland Drive, Southwell, Nottinghamshire, NG25 0DA	£430,000	£430,000	£00	10 Oct 2023	23 Feb 2024	136 Days
54 Springfield Road, Southwell, Nottinghamshire, NG25 0BT	£325,000	£312,500	-£12,500	14 Jul 2023	13 Feb 2024	214 Days
42 Kirklington Road, Southwell, Nottinghamshire, NG25 0AY	£250,000	£221,000	-£29,000	09 Aug 2023	09 Feb 2024	184 Days
Chimney Cottage, Lower Kirklington Road, Southwell, Nottinghamshire, NG25 0DN	£215,000	£213,000	-£2,000	23 Jun 2023	05 Feb 2024	227 Days
3 Palmers Court, Southwell, Nottinghamshire, NG25 0JG	£475,000	£430,000	-£45,000	22 Feb 2023	26 Jan 2024	338 Days
4 Marrison Way, Southwell, Nottinghamshire, NG25 0ED	£529,950	£517,500	-£12,450	23 Sep 2023	24 Jan 2024	123 Days
12 Abbey Mews, Southwell, Nottinghamshire, NG25 0EX	£190,000	£180,000	-£10,000	05 Jun 2023	12 Jan 2024	221 Days
21 Monckton Drive, Southwell, Nottinghamshire, NG25 0AW	£550,000	£525,000	-£25,000	29 Nov 2023	19 Dec 2023	20 Days
2a, Kirklington Road, Southwell, Nottinghamshire, NG25 0AY	£500,000	£495,000	-£5,000	09 May 2023	18 Dec 2023	223 Days
Anchor Down, Main Street, Fiskerton, Southwell, Nottinghamshire, NG25 0UL	£349,000	£313,000	-£36,000	01 Sep 2023	15 Dec 2023	105 Days
19 Leeks Close, Southwell, Nottinghamshire, NG25 0BA	£219,950	£208,000	-£11,950	03 Apr 2023	15 Dec 2023	256 Days
41 Westgate, Southwell, Nottinghamshire, NG25 0JN	£240,000	£225,000	-£15,000	04 Apr 2023	08 Dec 2023	248 Days
76 The Ropewalk, Southwell, Nottinghamshire, NG25 0AJ	£330,000	£315,000	-£15,000	31 May 2023	04 Dec 2023	187 Days
27 Marlock Close, Fiskerton, Southwell, Nottinghamshire, NG25 0UB	£450,000	£450,000	£00	14 Apr 2023	01 Dec 2023	231 Days
7 Lowes Wong, Southwell, Nottinghamshire, NG25 0JS	£395,000	£330,000	-£65,000	05 May 2023	27 Nov 2023	206 Days

Most Expensive Streets in NG25 (Southwell)

Postcode	Street	Area	Average	No. of Sales
NG25 0GA	Canons Close	Southwell	£1,075,000	3
NG25 0UH	Rolleston Road, Fiskerton	Southwell	£966,375	4
NG25 0PW	Newark Road, Hockerton	Southwell	£732,666	3
NG25 0FE	Humberstone Road	Southwell	£701,666	3
NG25 0NE	Westhorpe	Southwell	£669,800	5
NG25 0NG	Westhorpe	Southwell	£634,000	3
NG25 0FF	Adams Row	Southwell	£631,666	3
NG25 0LR	Halloughton Road	Southwell	£612,500	4
NG25 0FW	Church Lane, Hockerton	Southwell	£595,333	6
NG25 0SR	Orchard Court, Oxton	Southwell	£585,000	3

Least Expensive Streets in NG25 (Southwell)

Postcode	Street	Area	Average	No. of Sales
NG25 0EH	King Street	Southwell	£125,862	4
NG25 0LW	Moorfield Court	Southwell	£150,285	7
NG25 0AZ	Wolsey Close	Southwell	£175,000	6
NG25 0GL	Greet Lily Mill, Station Road	Southwell	£178,125	8
NG25 0RS	The Cottages, Maythorne	Southwell	£185,513	11
NG25 0LQ	Park Terrace	Southwell	£188,816	3
NG25 0EX	Abbey Mews	Southwell	£200,428	7
NG25 0AB	Sheppards Row	Southwell	£206,666	3
NG25 0BA	Leeks Close	Southwell	£220,491	6
NG25 0TF	Church View, Oxton	Southwell	£222,500	3