As of early 2025, the average property price in Nottingham is around £235,000, though this varies significantly by area and property type.

Here’s a rough breakdown:

Terraced houses: £180,000 – £220,000

Semi-detached houses: £200,000 – £275,000

Detached homes: £300,000 – £500,000+

Flats: £130,000 – £180,000

Compared to national averages and major cities like London or Bristol, Nottingham remains incredibly affordable — especially for first-time buyers and new investors. The lower entry point means it’s easier to get on the ladder or grow a property portfolio without excessive borrowing.

Nottingham Property Price Trends

Property prices in Nottingham have steadily risen over the past decade, with significant growth between 2020 and 2023. While the national market cooled slightly in 2023 due to rising interest rates and cost-of-living pressures, Nottingham showed resilience.

According to data from UK House Price Index and estate agents Nottingham, Benwell Daykin.:

Prices grew by approximately 4–6% year-on-year between 2018 and 2022.

Even in periods of national slowdown, Nottingham maintained positive momentum.

Demand continues to outstrip supply, especially for 2–3 bedroom family homes and student rentals.

Experts predict moderate but stable growth through 2025–2026, making Nottingham a relatively safe bet for buyers.

Best Areas to Buy Property in Nottingham

Nottingham has something for everyone — from trendy urban flats to spacious family homes in leafy suburbs. Here’s a breakdown of some key areas:

1. The City Centre
Popular with students, young professionals, and first-time buyers.

Pros: Close to shops, restaurants, nightlife, and public transport.

Cons: Higher prices per square foot, limited parking.

Who it suits: Investors (especially student lets), singles or couples.

2. West Bridgford
Often named one of the best places to live in the Midlands.

Pros: Excellent schools, parks, cafes, and a family-friendly vibe.

Cons: More expensive — average prices here can top £350,000.

Who it suits: Families, professionals, long-term owner-occupiers.

3. Beeston
A growing suburb with great tram links and university proximity.

Pros: Regeneration ongoing, diverse community, good transport.

Cons: Limited availability, competition high.

Who it suits: Commuters, university staff, young families.

4. Mapperley
An up-and-coming residential area with good local amenities.

Pros: More affordable than central Nottingham, quiet neighbourhoods.

Cons: Fewer new developments.

Who it suits: First-time buyers, retirees.

5. Arnold & Sherwood
Affordable northern suburbs with a strong community feel.

Pros: Larger properties for less money, good schools.

Cons: Slightly further from the city centre.

Who it suits: Growing families, budget-conscious buyers.

Student Property Demand in Nottingham

With the University of Nottingham and Nottingham Trent University bringing in tens of thousands of students every year, there’s a consistently high demand for student accommodation.

Popular student areas include:

Lenton

Dunkirk

Arboretum

Radford

If you're an investor looking for high-yield opportunities, student lets in Nottingham offer impressive rental yields — often between 7–9% depending on the property and location.

Rental Yields in Nottingham

Rental yields in Nottingham are among the highest in the UK. Some key stats:

City centre flats: 5–6% gross yield

HMOs (houses in multiple occupation): 8–10% in student-heavy areas

Suburban family homes: 4.5–5.5%, but with more long-term tenants

For comparison, yields in southern cities like London rarely exceed 3–4%. This is one of the reasons Nottingham has become a favourite for buy-to-let investors.

First-Time Buyers in Nottingham

If you’re a first-time buyer, Nottingham offers affordability and choice that’s hard to match. You’ll also benefit from:

Government support like Lifetime ISAs and 95% mortgage guarantee schemes

No Stamp Duty on properties up to £425,000

Plenty of affordable options below £250,000, even in decent locations

Many first-time buyers in Nottingham start with terraced homes in areas like Sneinton, Basford, or St Ann’s — all within reach of the city centre and public transport routes.

Working with a mortgage broker in Nottingham can help you assess affordability, compare products, and access exclusive deals.

Regeneration Projects Driving Growth

Nottingham isn’t just coasting on reputation — it’s actively improving. Some major developments to be aware of:

Broadmarsh Redevelopment
The multi-million-pound overhaul of the former shopping centre is set to transform the southern gateway to the city, bringing:

Green spaces

Offices

Homes

Improved pedestrian access

Island Quarter
A £1 billion mixed-use development near Sneinton includes:

Apartments

Restaurants

Event spaces

New canalside public areas

Nottingham Southside
Focused on redeveloping land around the train station, including new hotels and commercial space.

These projects not only enhance the city's appeal but also boost local property values — especially in nearby areas.

The Nottingham Property Market Post-COVID

Like most UK cities, Nottingham experienced a temporary slowdown in property transactions during 2020. But it bounced back quickly due to:

Remote work trends increasing demand for more space

Students returning en masse in 2021

Continued regeneration work attracting new residents and businesses

Post-pandemic, Nottingham has emerged stronger — with buyers favouring suburbs and outer zones while investors refocus on the student and PRS (private rented sector) markets.

Transport and Connectivity

Nottingham’s strong transport links add to its investment appeal:

Tram network: Fast, clean, and reliable service across the city

Train links: Direct services to London (under 2 hours), Birmingham, Leeds, and Sheffield

East Midlands Airport: Less than 30 minutes away

M1 motorway: Easily accessible for drivers

These factors make it attractive for commuters, students, and employers — further strengthening housing demand.

Top Tips for Buying in Nottingham

✅ Research Neighbourhoods Thoroughly
Every area has its own character. Walk the streets, visit at different times of day, and chat with locals.

✅ Consider Future Developments
Buying near planned regeneration projects can pay off handsomely in terms of capital growth.

✅ Check Transport Links
Even in affordable suburbs, good bus, tram, or train connections are vital for future resale and rental demand.

✅ Use a Local Expert
A local mortgage broker in Nottingham can help you understand the market and secure competitive mortgage products tailored to your circumstances.

✅ Factor in All Costs
Beyond your deposit, you’ll need to budget for legal fees, surveys, Stamp Duty (if applicable), and moving costs.

Final Thoughts

Whether you're buying your first home, expanding a property portfolio, or just exploring your options, Nottingham offers excellent value, strong rental potential, and a city on the rise.

Its combination of affordability, regeneration, rental demand, and connectivity makes it one of the UK’s best-kept property secrets — but that secret won’t last forever.

If you’re considering buying in the area, talking to a mortgage broker in Nottingham could help you make smart, well-informed decisions in a market full of opportunity.