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House Prices in NG7

The average house price in NG7 (Nottingham) is £171,875 using HM Land Registry data.

The average property price increased by £64,934 (24.66%) over the last 5 years and increased by £12,981 (3.75%) over the last 12 months.

Over the last year, there were 290 residential property sales – a decrease of 78 transactions (-26.90%) relative to the previous year. The majority of house sales (115) were in the £110,000 - £166,000 range. Then came properties in the £166,000 - £222,000 range, where 67 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 62 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-7,990 (-2%).

In June 2024, there were 85 new estate agency instructions, 30 agreed home sales and 52 property price reductions.

5-Year Average Property Prices in NG7 (Nottingham)

24.66%

Property prices in Nottingham increased by 24.66% 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 NG7 (Nottingham) Over the Last Year

3.75%

Property prices in Nottingham increased by 3.75% 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 NG7 (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 NG7 (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 NG7 (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 NG7 (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 NG7 (Nottingham) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the NG7 postcode area since 1995.

Recent Sales in NG7 (Nottingham)

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
Weston Lodge, Hardwick Road, The Park, Nottingham, City Of Nottingham, NG7 1EP	£2,000,000	£1,975,000	-£25,000	17 Jun 2023	09 May 2024	327 Days
46 Alma Street, Nottingham, City Of Nottingham, NG7 7LY	£126,000	£121,000	-£5,000	14 Nov 2023	19 Apr 2024	157 Days
577 Berridge Road West, Nottingham, City Of Nottingham, NG7 5LE	£190,000	£185,000	-£5,000	19 Oct 2023	03 Apr 2024	167 Days
12 Waterside Gardens, Nottingham, City Of Nottingham, NG7 2HL	£220,000	£210,000	-£10,000	03 Nov 2023	28 Mar 2024	146 Days
28 Templars Court, Nottingham, City Of Nottingham, NG7 3GT	£120,000	£120,000	£00	03 Sep 2023	28 Mar 2024	207 Days
591 Berridge Road West, Nottingham, City Of Nottingham, NG7 5LE	£170,000	£170,000	£00	10 Nov 2023	07 Mar 2024	118 Days
Apartment 6d, Park Rock, Castle Boulevard, Nottingham, City Of Nottingham, NG7 1RU	£200,000	£183,000	-£17,000	11 May 2023	26 Jan 2024	260 Days
135 Harrington Drive, Nottingham, City Of Nottingham, NG7 1JL	£340,000	£310,000	-£30,000	11 Aug 2023	24 Jan 2024	166 Days
Alexander House, Alexander Road, Nottingham, City Of Nottingham, NG7 1FH	£615,950	£585,000	-£30,950	02 Feb 2023	18 Jan 2024	350 Days
78 Beeston Road, Nottingham, City Of Nottingham, NG7 2JP	£215,000	£200,000	-£15,000	27 Jul 2023	08 Jan 2024	165 Days
83 Gawthorne Street, Nottingham, City Of Nottingham, NG7 7JS	£160,000	£160,000	£00	27 Jun 2023	20 Dec 2023	176 Days
1 Ivy Grove, Nottingham, City Of Nottingham, NG7 7LZ	£110,000	£110,000	£00	02 Aug 2023	15 Dec 2023	135 Days
20 Highfield Road, Nottingham, City Of Nottingham, NG7 2JE	£260,000	£258,000	-£2,000	31 Aug 2023	15 Dec 2023	106 Days
188 Bobbers Mill Road, Nottingham, City Of Nottingham, NG7 5JT	£90,000	£90,000	£00	20 Jun 2018	08 Dec 2023	1997 Days
10a, Cavendish Crescent North, Nottingham, City Of Nottingham, NG7 1BA	£375,000	£360,000	-£15,000	26 May 2023	01 Dec 2023	189 Days
17 Clumber Crescent North, Nottingham, City Of Nottingham, NG7 1EY	£395,000	£375,000	-£20,000	18 Apr 2023	17 Nov 2023	213 Days
15 Hamilton Drive, Nottingham, City Of Nottingham, NG7 1DF	£750,000	£720,000	-£30,000	23 Apr 2023	16 Nov 2023	207 Days
25 Windermere Road, Nottingham, City Of Nottingham, NG7 6HL	£87,000	£63,000	-£24,000	19 Jun 2017	13 Nov 2023	2338 Days
6 High Church Street, Nottingham, City Of Nottingham, NG7 7JP	£125,000	£125,000	£00	03 Apr 2023	10 Nov 2023	221 Days
17 Tennis Mews, Nottingham, City Of Nottingham, NG7 1EX	£582,950	£575,000	-£7,950	25 Jul 2023	02 Nov 2023	100 Days

Most Expensive Streets in NG7 (Nottingham)

Postcode	Street	Area	Average	No. of Sales
NG7 1DT	Lenton Road, The Park	Nottingham	£1,111,666	3
NG7 1BJ	Newcastle Circus	Nottingham	£782,750	4
NG7 1BU	Clare Valley	Nottingham	£776,000	5
NG7 1BA	Cavendish Crescent North	Nottingham	£736,666	3
NG7 1BW	Huntingdon Drive	Nottingham	£710,280	6
NG7 1EF	Clumber Road West	Nottingham	£698,333	3
NG7 1BB	Cavendish Road East	Nottingham	£681,928	7
NG7 1AR	Pelham Crescent	Nottingham	£663,333	3
NG7 1BS	Park Valley	Nottingham	£577,666	3
NG7 1AD	Tattershall Drive	Nottingham	£549,000	5

Least Expensive Streets in NG7 (Nottingham)

Postcode	Street	Area	Average	No. of Sales
NG7 6BL	High Point, Noel Street, Nottingham	Nottingham	£81,166	3
NG7 5PP	Brook Court, Player Street, Nottingham	Nottingham	£83,166	15
NG7 2HZ	The Galeb	Nottingham	£86,500	3
NG7 1HD	Alderney Street	Nottingham	£88,292	13
NG7 1HH	Castle Gardens	Nottingham	£88,312	8
NG7 3DX	Auckland Close	Nottingham	£91,375	4
NG7 6HF	Ewart Road	Nottingham	£93,450	6
NG7 5QX	Grimston Road	Nottingham	£95,433	3
NG7 6PW	Leslie Avenue	Nottingham	£96,166	3
NG7 3BB	Boulevard Works, Hartley Road	Nottingham	£98,105	9