Average property prices across Nottingham's varied neighbourhoods, from the historic Lace Market to family suburbs in the suburbs.
Based on Land Registry sold price data for Nottingham
Nottingham's property market has evolved significantly, driven by the city's growing reputation as a cultural and economic hub in the East Midlands. The city, famous worldwide for its Robin Hood legend and historic lace industry, has successfully diversified into sectors including retail, technology, and healthcare. The University of Nottingham and Nottingham Trent University together create a large student population that shapes both the rental market and demand for city centre living.
The city's property prices offer an attractive middle ground — more affordable than London, Birmingham, or Manchester, yet more expensive than neighbouring Derby or Leicester. This positioning makes Nottingham popular with young professionals who want urban amenities without the premium prices of larger cities. The ongoing redevelopment of the former Boots site at Beeston into a major innovation district continues to attract investment and high-skilled workers to the area.
For families, Nottingham offers excellent value compared to the South East. Areas like West Bridgford, Chilwell, and Beeston provide good state and private schools, green spaces, and strong community feel. The city also benefits from excellent transport links — the M1 motorway passes close by, and Nottingham's tram network (the NET) connects suburban areas efficiently to the city centre. Properties in the "Golden Triangle" of West Bridgford, Lady Bay, and Compton Acres are particularly sought after for their combination of period homes and proximity to the Trent.
The average house price in Nottingham is approximately £205,000. By property type: flats average £130,000, terraced houses £170,000, semi-detached properties £220,000, and detached houses around £320,000. Nottingham offers excellent value within the Midlands.
West Bridgford is the most sought-after family area, offering excellent schools, the tram network, and proximity to the River Trent. Chilwell and Beeston are popular for their good secondary schools and reasonable prices. Wollaton and Gedling also offer family-friendly environments with good local amenities.
Nottingham has a strong rental market driven by two large universities and a growing young professional population. The Lace Market and city centre flats perform well for student lets and professional rentals. Yields in the city centre typically range from 5-7%, making it attractive for investors.
As Nottingham is in England, Stamp Duty Land Tax (SDLT) applies. First-time buyers pay nothing on properties up to £300,000. Standard rates are 0% on the first £250,000, then 5% on the portion between £250,001 and £925,000. The 3% surcharge on additional properties also applies.