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House Prices in NG8

The average house price in NG8 (Nottingham) is £296,500 using HM Land Registry data.

The average property price increased by £70,527 (43.44%) over the last 5 years and increased by £14,099 (5.86%) over the last 12 months.

Over the last year, there were 448 residential property sales – a decrease of 258 transactions (-57.59%) relative to the previous year. The majority of house sales (120) were in the £130,000 - £192,000 range. Then came properties in the £254,000 - £316,000 range, where 89 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 55 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-6,642 (-2%).

In June 2024, there were 95 new estate agency instructions, 74 agreed home sales and 54 property price reductions.

5-Year Average Property Prices in NG8 (Nottingham)

43.44%

Property prices in Nottingham increased by 43.44% 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 NG8 (Nottingham) Over the Last Year

5.86%

Property prices in Nottingham increased by 5.86% 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 NG8 (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 NG8 (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 NG8 (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 NG8 (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 NG8 (Nottingham) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the NG8 postcode area since 1995.

Recent Sales in NG8 (Nottingham)

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
39 Prestwood Drive, Nottingham, City Of Nottingham, NG8 3LY	£380,000	£370,000	-£10,000	17 Jan 2024	17 May 2024	121 Days
18 Seaford Avenue, Nottingham, City Of Nottingham, NG8 1LB	£400,000	£390,000	-£10,000	15 Jan 2024	08 May 2024	114 Days
225 Amesbury Circus, Nottingham, City Of Nottingham, NG8 6DB	£160,000	£158,000	-£2,000	26 Jan 2024	03 May 2024	98 Days
149 Nuthall Road, Nottingham, City Of Nottingham, NG8 5BN	£230,000	£222,500	-£7,500	30 Nov 2023	30 Apr 2024	152 Days
70 Melford Road, Nottingham, City Of Nottingham, NG8 4AP	£210,000	£210,000	£00	24 Oct 2023	23 Apr 2024	182 Days
60 Staverton Road, Nottingham, City Of Nottingham, NG8 4ET	£195,000	£195,000	£00	27 Sep 2023	18 Apr 2024	204 Days
2a, Glover Avenue, Nottingham, City Of Nottingham, NG8 2EL	£400,000	£400,000	£00	19 Oct 2023	12 Apr 2024	176 Days
58 Frinton Road, Nottingham, City Of Nottingham, NG8 6GQ	£200,000	£195,000	-£5,000	01 Dec 2023	09 Apr 2024	130 Days
9 Tintern Drive, Nottingham, City Of Nottingham, NG8 5FD	£160,000	£160,000	£00	30 Nov 2023	02 Apr 2024	124 Days
18 Magnolia Close, Nottingham, City Of Nottingham, NG8 6GJ	£100,000	£95,000	-£5,000	21 Apr 2023	28 Mar 2024	342 Days
20 Northdown Road, Nottingham, City Of Nottingham, NG8 3PF	£230,000	£225,000	-£5,000	16 Nov 2023	27 Mar 2024	132 Days
20 Elvaston Road, Nottingham, City Of Nottingham, NG8 1JW	£325,000	£311,000	-£14,000	25 Oct 2023	22 Mar 2024	149 Days
330 Broxtowe Lane, Nottingham, City Of Nottingham, NG8 5NB	£180,000	£170,000	-£10,000	31 Oct 2023	22 Mar 2024	143 Days
7 Courtney Close, Nottingham, City Of Nottingham, NG8 2BS	£349,950	£339,950	-£10,000	07 Aug 2023	15 Mar 2024	221 Days
19 Honeysuckle Close, Nottingham, City Of Nottingham, NG8 6GF	£110,000	£105,000	-£5,000	18 Sep 2023	08 Mar 2024	172 Days
6 Wadhurst Grove, Nottingham, City Of Nottingham, NG8 2RJ	£325,000	£315,000	-£10,000	04 Aug 2023	28 Feb 2024	208 Days
2 Surfleet Close, Nottingham, City Of Nottingham, NG8 2TG	£260,000	£260,000	£00	02 Oct 2023	28 Feb 2024	149 Days
10 Elvaston Road, Nottingham, City Of Nottingham, NG8 1JW	£290,000	£259,000	-£31,000	10 Oct 2023	23 Feb 2024	136 Days
162 Glaisdale Drive West, Nottingham, City Of Nottingham, NG8 4GW	£185,000	£169,500	-£15,500	03 Oct 2023	16 Feb 2024	136 Days
17 Renfrew Drive, Nottingham, City Of Nottingham, NG8 2FX	£400,000	£395,000	-£5,000	11 Oct 2023	14 Feb 2024	126 Days

Most Expensive Streets in NG8 (Nottingham)

Postcode	Street	Area	Average	No. of Sales
NG8 2AP	Wollaton Road	Nottingham	£1,218,333	3
NG8 2NR	Wollaton Vale	Nottingham	£724,640	5
NG8 2AR	Rectory Gardens	Nottingham	£699,900	5
NG8 2NA	Bramcote Lane	Nottingham	£690,000	3
NG8 2PR	Sheraton Drive	Nottingham	£673,257	4
NG8 1BN	Oundle Drive	Nottingham	£667,687	4
NG8 2PD	Wollaton Vale	Nottingham	£652,812	8
NG8 2NQ	Parkside	Nottingham	£629,375	4
NG8 2PP	Parkside Gardens	Nottingham	£624,500	4
NG8 2FA	Harvest Crescent	Nottingham	£596,164	6

Least Expensive Streets in NG8 (Nottingham)

Postcode	Street	Area	Average	No. of Sales
NG8 4BL	White Lodge Gardens	Nottingham	£89,651	3
NG8 6GJ	Magnolia Close	Nottingham	£93,681	11
NG8 5BD	Edward Avenue	Nottingham	£98,000	3
NG8 6GG	Jasmine Close, Strelley	Nottingham	£100,237	4
NG8 5JR	Winsford Close	Nottingham	£100,625	4
NG8 6GF	Honeysuckle Close	Nottingham	£101,618	8
NG8 6GL	Rosemary Close	Nottingham	£103,331	3
NG8 5PD	Minver Crescent	Nottingham	£103,543	3
NG8 6FZ	Lavender Close	Nottingham	£103,800	5
NG8 1GX	Capitol Court	Nottingham	£105,833	3