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House Prices in NG3 House Prices in NG3 (Nottingham)

The average house price in NG3 (Nottingham) is £217,884 using HM Land Registry data.

The average property price increased by £70,793 (34.64%) over the last 5 years and increased by £14,184 (4.94%) over the last 12 months.

Over the last year, there were 426 residential property sales – a decrease of 142 transactions (-33.33%) relative to the previous year. The majority of house sales (125) were in the £120,000 - £174,000 range. Then came properties in the £174,000 - £228,000 range, where 84 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 76 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-8,025 (-2%).

In Oct 24, there were 79 new estate agency instructions, 84 agreed home sales and 63 property price reductions.

Nearby Postcodes: DE5, DE55, DE7, DE72, DE74, DE75, DN22, LE12, LE14, LE15, LN1, LN4, LN5, LN6, NG1, NG10, NG11, NG12, NG13, NG14, NG15, NG16, NG17, NG18, NG19, NG2, NG20, NG21, NG22, NG23, NG24, NG25, NG31, NG32, NG33, NG34, NG4, NG5, NG6, NG7, NG70, NG8, NG80, NG9, NG90, PE10, PE11, PE20, PE9, S44, S45, S80

5-Year Average Property Prices in NG3 (Nottingham)

34.64%

Property prices in Nottingham increased by 34.64% 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 NG3 (Nottingham) Over the Last Year

4.94%

Property prices in Nottingham increased by 4.94% 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 NG3 (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 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 NG3 (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 NG3 (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 NG3 (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 NG3 (Nottingham) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the NG3 postcode area since 1995.

Recent Sales in NG3 (Nottingham)

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
16 Plains Farm Close, Nottingham, Nottinghamshire, NG3 5RE£430,000£425,000-£5,00023 Sep 202206 Aug 2024683 Days
6 Park View, Nottingham, City Of Nottingham, NG3 5FD£200,000£200,000£0015 Jan 202405 Aug 2024203 Days
135 Thorneywood Rise, Nottingham, City Of Nottingham, NG3 2PE£160,000£147,500-£12,50019 Mar 202402 Aug 2024136 Days
51 Sunnydale Road, Bakersfield, Nottingham, City Of Nottingham, NG3 7GG£290,000£275,000-£15,00022 Feb 202402 Aug 2024162 Days
17 Ashworth Close, Nottingham, City Of Nottingham, NG3 7FR£210,000£200,000-£10,00016 Jan 202429 Jul 2024195 Days
48 Cherrywood Gardens, Nottingham, Nottinghamshire, NG3 6LQ£245,000£234,000-£11,00010 Jan 202426 Jul 2024198 Days
255 Woodborough Road, Nottingham, City Of Nottingham, NG3 4JZ£190,000£190,000£0014 Mar 202425 Jul 2024133 Days
Aberdeen, Dean Avenue, Nottingham, Nottinghamshire, NG3 6EP£300,000£300,000£0023 Jan 202419 Jul 2024178 Days
58 Clumber Avenue, Mapperley, Nottingham, Nottinghamshire, NG3 5JY£250,000£250,000£0006 Nov 202316 Jul 2024253 Days
251 Greenwood Road, Nottingham, City Of Nottingham, NG3 7FU£250,000£245,000-£5,00012 Jan 202408 Jul 2024178 Days
20 Thorney Hill, Nottingham, City Of Nottingham, NG3 2PT£240,000£240,000£0010 Oct 202308 Jul 2024272 Days
9 Longbeck Avenue, Nottingham, City Of Nottingham, NG3 6LT£180,000£180,000£0023 Feb 202408 Jul 2024136 Days
8 Villa Road, Nottingham, City Of Nottingham, NG3 4GG£495,000£470,000-£25,00022 Mar 202426 Jun 202496 Days
26 Marshall Hill Drive, Nottingham, Nottinghamshire, NG3 6FS£250,000£230,000-£20,00024 Mar 202311 Jun 2024445 Days
14 Florence Road, Nottingham, Nottinghamshire, NG3 6LJ£270,000£268,000-£2,00024 Jan 202410 Jun 2024138 Days
25 Roseleigh Avenue, Nottingham, Nottinghamshire, NG3 6FJ£415,000£410,000-£5,00029 Sep 202307 Jun 2024252 Days
63 Sandford Road, Nottingham, Nottinghamshire, NG3 6AJ£220,000£219,000-£1,00006 Mar 202407 Jun 202493 Days
101 Bakerdale Road, Bakersfield, Nottingham, City Of Nottingham, NG3 7GJ£325,000£324,015-£98503 Aug 202331 May 2024302 Days
100 Mickleborough Avenue, Nottingham, City Of Nottingham, NG3 3EL£160,000£160,000£0006 Feb 202431 May 2024115 Days
6 Roseleigh Avenue, Nottingham, Nottinghamshire, NG3 6FH£290,000£287,000-£3,00014 Feb 202431 May 2024107 Days

Most Expensive Streets in NG3 (Nottingham)

PostcodeStreetAreaAverageNo. of Sales
NG3 5RFPlains RoadNottingham£1,125,0003
NG3 5ENArlington DriveNottingham£953,3336
NG3 5RGMapperley Plains, MapperleyNottingham£826,5004
NG3 5ESWarwick RoadNottingham£761,6663
NG3 4JUSpringfield PasturesNottingham£748,5717
NG3 5ELRichmond DriveNottingham£711,6663
NG3 5EWMapperley Hall Drive, Mapperley ParkNottingham£677,8333
NG3 5EULucknow DriveNottingham£665,7147
NG3 5RDChartwell Grove, MapperleyNottingham£640,0003
NG3 5AZLucknow AvenueNottingham£592,6663

Least Expensive Streets in NG3 (Nottingham)

PostcodeStreetAreaAverageNo. of Sales
NG3 5NFMapperley RoadNottingham£57,3336
NG3 4LNThe New Alexandra Court, Woodborough RoadNottingham£59,8758
NG3 3AQHendon Court, Hendon RiseNottingham£85,8124
NG3 2NGParry Court, Marmion RoadNottingham£92,7504
NG3 3PGRushworth Close, St AnnsNottingham£102,0003
NG3 5PGThe Dorchester, Hine HallNottingham£102,1663
NG3 5PQThe Flintham, Hine HallNottingham£103,0003
NG3 5APMalcolm CloseNottingham£103,2229
NG3 5BXMapperley Park DriveNottingham£103,3333
NG3 2NZMarmion RoadNottingham£104,8333

Explore NG3 (Nottingham) using map

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