The average property value in Nottingham is £196,432 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 Nottingham grew by £27,417. Compare house prices by area
Average property prices in Nottingham grew by 16.2% between the years ending June 2020 and June 2021. Between the years ending June 2011 and June 2021, property prices on average grew by 5.0% per year.
If prices in Nottingham continue to rise by 5.0% a year, the average property price will be £238,452 in 2025.
There were 2,741 property sales in Nottingham in the year ending June 2021, a decrease of 372 when compared to the previous year.
The average price for a house in Nottingham ranges from £146,742 for a terraced house to £318,923 for a detached house, with semi-detached in between costing on average £189,729.
The average price for a flat or maisonette in Nottingham is £154,272.
Price trends for small areas may be less statistically significant due to small sample sizes.
Of the property types in Nottingham, semi-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 56.9% from £203,255 to £318,923, semi-detached house prices have risen 67.6% from £113,193 to £189,729, terraced house prices have risen 59.0% from £92,318 to £146,742, and flat prices have risen 34.1% from £115,033 to £154,272.
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The most common type of property sold in Nottingham during the year ending June 2021 was terraced houses, which accounted for 34.7% of properties.
The least commonly available type of property sold in Nottingham were flats, which account for 12.4% of properties sold.
Of the properties sold in Nottingham during 2021, 0.5% were new build properties.
The average price paid for a new build property in Nottingham was £15,475 higher than the average price paid for an existing property.
Of the new build properties sold, the most common type was flats (56% of new build properties sold). For existing properties, the most common type is terraced houses (35% of existing properties sold).
The most common price band for property sales in Nottingham is £100k - £150k, which accounted for 21.5% of properties sold in 2021.
0.3% of properties in Nottingham 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 Nottingham were in the under £50k price bracket, accounting for 0.4% 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