If buying a home in Nottingham is on your radar, now is the time to get to grips with the local property market. Here’s a quick round-up of what you should know.
1. Average property value: The typical Nottingham home is worth £156,000 according to Zoopla’s latest Cities House Price Index.
2. Most popular property type: ‘One-bedroom flat’ is the most searched-for property type in Nottingham among Zoopla users.
3. What’s on the market: From one-bedroom starter flats to spacious family homes, here’s what’s for sale in and around Nottingham right now.
This one-bedroom flat in the heart of Nottingham is for sale at £155,000, around average for the city
4. House price movements: Average property values in Nottingham have risen by 4% in the 12 months to July 2019, ranking it the seventh best-performing city in the UK. The national average city house price growth currently stands at 2.1%.
5. Acceptable offers: Property in Nottingham is currently achieving around 98% of the asking price – worth knowing when making your offer.
6. Market turnover: Nottingham homes take an average of eight weeks to sell from the day they first hit the market. This compares to the national average of around 10 to 12 weeks.
Got a micro-area in mind? Draw it out with Zoopla's map search tool for a more targeted property search
8. Roomy budget: Check out the Golden Triangle in Beeston where large Victorian houses with plenty of land start at around £500,000.
9. What the local agents say: “There’s no shortage of homes on the market,” says Amber Myers-Smith, sales negotiator at CP Walker. “People are over being put off by Brexit – if they need to move, they’ll move.”
Top end Nottingham: This four-bedroom Grade II-listed detached home is up for sale at £1.25m