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House Prices in NG3 House Prices in NG3 (Nottingham)

The average house price in NG3 (Nottingham) is £199,625 using HM Land Registry data.

The average property price increased by £77,056 (34.64%) over the last 5 years and increased by £15,405 (4.94%) over the last 12 months.

Over the last year, there were 445 residential property sales – a decrease of 235 transactions (-52.81%) relative to the previous year. The majority of house sales (140) were in the £120,000 - £178,000 range. Then came properties in the £178,000 - £236,000 range, where 90 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 £-8,025 (-2%).

In June 2024, there were 100 new estate agency instructions, 81 agreed home sales and 66 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) - 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 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
18 Carisbrooke Avenue, Nottingham, City Of Nottingham, NG3 5DT£425,000£372,000-£53,00012 Sep 202316 May 2024247 Days
118 Kent Road, Nottingham, Nottinghamshire, NG3 6BS£195,000£86,000-£109,00002 May 201514 May 20243300 Days
306 Sneinton Dale, Sneinton, Nottingham, City Of Nottingham, NG3 7DN£160,000£158,000-£2,00028 Jul 202310 May 2024287 Days
20a, Gretton Road, Nottingham, Nottinghamshire, NG3 5JT£280,000£280,000£0009 Mar 202403 May 202455 Days
62 Marshall Hill Drive, Nottingham, Nottinghamshire, NG3 6FS£300,000£300,000£0019 Jan 202403 May 2024105 Days
45 Park View, Nottingham, City Of Nottingham, NG3 5FD£170,000£165,000-£5,00006 Feb 202426 Apr 202480 Days
248 Greenwood Road, Nottingham, City Of Nottingham, NG3 7FY£285,000£285,000£0001 Jun 202325 Apr 2024329 Days
186 Ransom Road, Nottingham, City Of Nottingham, NG3 5HN£220,000£220,000£0019 Oct 202319 Apr 2024183 Days
67 Beech Avenue, Mapperley, Nottingham, Nottinghamshire, NG3 5JW£270,000£268,000-£2,00015 Nov 202312 Apr 2024149 Days
16 Woodhedge Drive, Nottingham, City Of Nottingham, NG3 6LU£220,000£213,000-£7,00003 Jan 202412 Apr 2024100 Days
15 Highcliffe Road, Nottingham, City Of Nottingham, NG3 7DP£180,000£180,000£0015 Dec 202305 Apr 2024112 Days
46 Kent Road, Nottingham, Nottinghamshire, NG3 6BE£400,000£380,000-£20,00030 Oct 202328 Mar 2024150 Days
81 Moore Road, Mapperley, Nottingham, Nottinghamshire, NG3 6EJ£325,000£318,000-£7,00022 Nov 202326 Mar 2024125 Days
51 Beech Court, Mapperley, Nottingham, Nottinghamshire, NG3 5PZ£115,000£115,000£0023 Nov 202322 Mar 2024120 Days
27 Devon Street, Nottingham, City Of Nottingham, NG3 2BE£135,000£132,000-£3,00001 Jul 202312 Mar 2024255 Days
3 Rowland Avenue, Mapperley, Nottingham, Nottinghamshire, NG3 6BZ£270,000£260,000-£10,00015 Sep 202305 Mar 2024172 Days
28 Ball Street, Nottingham, City Of Nottingham, NG3 3AX£160,000£156,000-£4,00008 Nov 202301 Mar 2024114 Days
84 Haywood Road, Mapperley, Nottingham, Nottinghamshire, NG3 6AE£300,000£295,000-£5,00014 Apr 202323 Feb 2024315 Days
14 Cherrywood Gardens, Nottingham, Nottinghamshire, NG3 6LQ£270,000£255,000-£15,00011 May 202316 Feb 2024281 Days
19 Anstey Rise, Nottingham, City Of Nottingham, NG3 2BY£140,000£140,000£0015 Sep 202316 Feb 2024154 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£775,0004
NG3 4JUSpringfield PasturesNottingham£748,5717
NG3 5ELRichmond DriveNottingham£711,6663
NG3 5EULucknow DriveNottingham£679,3758
NG3 5EWMapperley Hall Drive, Mapperley ParkNottingham£677,8333
NG3 5AZLucknow AvenueNottingham£630,0454
NG3 5HACarriage CloseNottingham£561,6005

Least Expensive Streets in NG3 (Nottingham)

PostcodeStreetAreaAverageNo. of Sales
NG3 5NFMapperley RoadNottingham£57,4005
NG3 4LNThe New Alexandra Court, Woodborough RoadNottingham£59,6669
NG3 3AQHendon Court, Hendon RiseNottingham£85,8124
NG3 2NGParry Court, Marmion RoadNottingham£88,8005
NG3 6NPApple WalkNottingham£101,1753
NG3 3PGRushworth Close, St AnnsNottingham£102,0003
NG3 5PGThe Dorchester, Hine HallNottingham£102,1663
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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