The average property value in The East Midlands is £252,190 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 The East Midlands grew by £27,038. Compare house prices by area
Average property prices in The East Midlands grew by 12.0% between the years ending June 2020 and June 2021. Between the years ending June 2011 and June 2021, property prices on average grew by 4.5% per year.
If prices in The East Midlands continue to rise by 4.5% a year, the average property price will be £300,570 in 2025.
The most expensive property values in The East Midlands are found in Rutland, and the cheapest property values are found in Nottingham.
There were 67,176 property sales in The East Midlands in the year ending June 2021, an increase of 2,118 when compared to the previous year.
The average price for a house in The East Midlands ranges from £172,993 for a terraced house to £344,330 for a detached house, with semi-detached in between costing on average £206,761.
The average price for a flat or maisonette in The East Midlands is £135,471.
Price trends for small areas may be less statistically significant due to small sample sizes.
Of the property types in The East Midlands, terraced 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 48.1% from £232,538 to £344,330, semi-detached house prices have risen 52.1% from £135,947 to £206,761, terraced house prices have risen 52.6% from £113,398 to £172,993, and flat prices have risen 30.2% from £104,020 to £135,471.
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The most common type of property sold in The East Midlands during the year ending June 2021 was detached houses, which accounted for 40.7% of properties.
The least commonly available type of property sold in The East Midlands were flats, which account for 4.4% of properties sold.
Of the properties sold in The East Midlands during 2021, 2.4% were new build properties.
The average price paid for a new build property in The East Midlands was £40,565 higher than the average price paid for an existing property.
Of the new build properties sold, the most common type was detached houses (58% of new build properties sold). For existing properties, the most common type is detached houses (40% of existing properties sold).
The most common price band for property sales in The East Midlands is £200k - £300k, which accounted for 16.7% of properties sold in 2021.
0.2% of properties in The East Midlands 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 The East Midlands were in the under £50k price bracket, accounting for 0.1% of sales.
The cheapest property prices in The East Midlands are found in Nottingham, where the average cost of a property is £196,432. Between the years ending June 2020 and June 2021, property prices have changed by 16.2% in Nottingham (compared to 12.0% in The East Midlands)
The most expensive property values in The East Midlands are found in Rutland, where the average property price is £415,486. Between the years ending June 2020 and June 2021, property prices have changed by 19.4% in Rutland (compared to 12.0% in The East Midlands)
Average Property Price
YoY CHANGE in PRICE
|1|| Rutland |
|2|| West Northamptonshire |
|3|| Leicestershire |
|4|| North Northamptonshire |
|5|| Nottinghamshire |
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