Area Guide For Nottingham

Nottingham is a city and unitary authority in the East Midlands of England in the ceremonial county of Nottinghamshire and is one of eight members of the English Core Cities Group. Nottingham is famed for its links with the legend of Robin Hood and, during the Industrial Revolution, obtained worldwide recognition for its lace-making, bicycle and tobacco industries. With origins tracable back to 600 AD, Nottingham was granted its city charter as part of the Diamond Jubilee celebrations of Queen Victoria in 1897 and has since been officially titled the City of Nottingham. The city has historically been nicknamed The Queen of the Midlands, being the smaller yet less industrialised regional neighbour to the Midlands biggest city, Birmingham. Nottingham is considered the primary centre of England's East Midlands region, being home to numerous regional headquarters and media stations including the BBC East Midlands and the Regional Government Office. Whilst Nottingham has always had a tightly-drawn authority boundary, accounting for its relatively small population of 306,700, Nottingham's Urban Area has a population of approximately 670,000; in the 2001 census, it


Nottingham Map

Estimated Price: £169,819
Average Asking Price: £597,057
Price change in last one year: £12,004
Average Price Paid: £153,333
Average Rent Rates: £4,711


Property Prices Breakdown in Nottingham

Average Price for property in Nottingham is around £169,819 which varies based on type of property you are interested in and ranges from £249,838 for detached house to around £144,092 for semi-detached. Similarly terraced house is around £108,016 and a flat is worth £126,587. Values have been changing and have risen £1,077 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £2,438 in last 6 months, £12,004 in last 1 year, £19,863 in last 2 years, £22,556 in last 3 years, £19,489 in last 4 years and £19,250 in last 5 years.

Currently average asking price of a property in Nottingham is around £597,057 based on approximately 9,949 properties for sale. Same is the case with rental options based on 3,476 properties up for rent, average asking rent is around £4,711 per month.

Estimated property value in Nottingham is £169,819. Average asking price is £597,057 while average price paid is £160,009 which is up by £12,004 and Avg. asking rent £4,711.Based on an Online Survey

Buyers are willing to pay high dollar prices to grab these properties because of the recent trend in real estate investment especially in Nottingham area. In last 1 year alone average price buyer paid is around £160,009 based on approximately 9,949 sales in Nottingham area alone. If you compare it to last 3 years sales of 28,550 properties where buyers paid around £154,764. It has been same for some time now for e.g. if you take an average of amount paid in last 5 years, it comes to around £153,333 for 45,790 and average amount paid for purchase of approx. 62,129 properties sold in last 7 years comes to about £151,730 per sale.


Breakdown of asking prices for homes of different sizes show that price varies clearly based on no of bedrooms and type of house. Asking price for a house with 1 bedroom is around £110,409, £120,836 for a 2 bedroom house, £160,349 for a 3 bedroom house, £290,839 for a 4 bedroom house and £427,944 for a 5 bedroom house. For a flat similarly the prices varies from £87,040 for a single bedroom to £131,059 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £191,072, £543,333 for a 4 bedroom flat and £225,000 for a 5 bedroom flat. To sum up the asking prices for properties in Nottingham it comes to around average £89,680 for 1 bedroom property, £124,177 for 2 bedroom, £160,828 for 3 bedroom, £291,771 for 4 bedroom and £427,166 for a 5 bedroom property.

Rent per calendar month varies similarly based on type and size of the house. If you look at the rents per month for houses alone it can vary from £378 for 1 bedroom to £545 for 2 bedrooms, £1,031 for 3 bedrooms, £826 for 4 bedrooms and £1,035 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £490. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £652, £933 for 3 bedroom, £989 for 4 bedroom and around £1,206 for 5 bedroom flat. You should be generally be expecting around average £457 rent per month for single bedroom property, £603 for 2 bedroom, £1,017 for 3 bedroom, £840 for 4 bedroom and approximately £1,049 for a 5 bedroom property in Nottingham area.

Popular Houses in Nottingham

Disclaimer : Location real estate estimates and values are based on House price index background data and Sales data provided by United Kingdom Land registry Records available as public records from their website. This information is updated monthly on our website and may not reflect all public transactions. This information is based on estimated calculation generated from our developed algorithms. We are striving to make this information as accurate and useful as possible. This data covers the transactions received at Land Registry in the period 1/1/1995 to 9/1/2014. © Crown copyright 2014. Data produced by Land Registry © Crown copyright 2014.

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