The average property value in Broxtowe is £241,064 according to property sale data for the year ending June 2021 published by HM Land Registry. Between the years ending June 2020 and June 2021, property values in Broxtowe grew by £27,339. Compare house prices by area
Average property prices in Broxtowe grew by 12.8% between the years ending June 2020 and June 2021. Between the years ending June 2011 and June 2021, property prices on average grew by 4.8% per year.
If prices in Broxtowe continue to rise by 4.8% a year, the average property price will be £290,499 in 2025.
There were 1,590 property sales in Broxtowe in the year ending June 2021, an increase of 148 when compared to the previous year.
The average price for a house in Broxtowe ranges from £161,163 for a terraced house to £320,941 for a detached house, with semi-detached in between costing on average £211,565.
The average price for a flat or maisonette in Broxtowe is £123,453.
Price trends for small areas may be less statistically significant due to small sample sizes.
Of the property types in Broxtowe, detached house prices have risen the most between the years ending 2011 and 2021, and flat prices have grown the least.
Detached house prices have risen 59.7% from £201,022 to £320,941, semi-detached house prices have risen 56.7% from £135,036 to £211,565, terraced house prices have risen 48.7% from £108,348 to £161,163, and flat prices have risen 23.6% from £99,906 to £123,453.
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The most common type of property sold in Broxtowe during the year ending June 2021 was semi-detached houses, which accounted for 39.5% of properties.
The least commonly available type of property sold in Broxtowe were flats, which account for 3.5% of properties sold.
Of the properties sold in Broxtowe during 2021, 1.8% were new build properties.
The average price paid for a new build property in Broxtowe was £24,008 lower than the average price paid for an existing property.
Of the new build properties sold, the most common type was flats (63% of new build properties sold). For existing properties, the most common type is semi-detached houses (42% of existing properties sold).
The most common price band for property sales in Broxtowe is £200k - £300k, which accounted for 22.3% of properties sold in 2021.
0.3% of properties in Broxtowe had a price over £1 million. For comparison, in England, 2.1% of property sales were priced at over £1 million.
The cheapest properties in Broxtowe were in the £50k - £100k price bracket, accounting for 1.8% of sales.
Average property price
YoY change in price
Average Property Price
YoY CHANGE in PRICE
Source: Office for National Statistics licensed under the Open Government Licence v.3.0. Contains OS data © Crown copyright and database right 2021. Data sources: ONS Local statistics