The last decade saw a large up and down movement with property prices across the UK.
London saw the highest rise across the UK with property prices increasing by 72 per cent – more than double the UK average. However, this is now slowing down and property prices are beginning to dip in the city.
The average house price across the whole of the UK increased by 27 per cent. This equates to £47,647. The overall average is now £233,000.
East Midlands property prices
Looking locally within the East Midlands, house prices increased by 37.2 per cent over the last ten years. According to Rightmove, the average price now stands at £216,600.
The highest price growth in the East Midlands was Corby with an increase of 65 per cent. The lowest was West Lindsey at 22 per cent.
Low interest rates
This decade has also had very low interest rates which has helped keep mortgage payments down for many people. This has helped first time buyers are those looking to upsize.
Looking to the next decade
House prices are forecast to increase by another 15.3 per cent over the next five years.
The East Midlands is actually thought to grow more than this, with an average increase expected of 18.2 per cent.
How much is your property now worth?
Considering selling your property in 2020? Find out how much your property is worth by calling 0115 924 3304 or by using the form below. There is no obligation to use our estate agency services.
Walton and Allen are one of the leading independent estate agents in Nottingham. We are also rated as one of the top 3 estate agents in the city by Three Best Rated. Here’s how we work for you.
Free Property Valuations
Need to know how much your house is worth? Our expert Senior Valuers are on hand to visit your property to value your property at the best possible price. Just get in touch to arrange a visit your home, at a time convenient to you.
You can call us to arrange a valuation on 0115 924 3304 or use the form below.
Our sales team have over 50 years combined experience working in the Nottingham property industry. Once you instruct us they will will begin to market your property, book in viewings and negotiate offers. They will be in constant contact to ensure you receive expert advice, every step of the way.
As estate agents we are always proactively looking to enhance property views for our clients.
Walton & Allen has a modern, digital approach to marketing. This is why we use window touch screens to showcase all of our stock. We also offer 360 virtual reality video tours. These are just some of the reasons why we are head and shoulders above our competition!
Best estate agents in Nottingham
Walton and Allen have been rated as one of the top 3 estate agents in Nottingham by Three Best Rated. We have been chosen for this award because of our value for money and excellent customer service.
Walton and Allen are estate and letting agents in Nottingham. We provide property sales, lettings, property management and mortgage advice.
Walton and Allen Property Management collects rental payments and manages maintenance for our Landlord clients. Our block management division also maintains blocks of flats and residential estates.
Walton & Allen estate agents are selling property with every success in Woodthorpe, Nottingham.
Did you know? Walton & Allen are rated as one of the top 3 estate agents in Nottingham by ThreeBestRated. We have also been nominated as the best letting agent throughout the whole of the UK by the Negotiator Awards.
Recently we sold a property on Arno Vale Road which two other agents failed to sell! To top this off, the property achieved an offer within the guide price of £350,000, meaning the vendor got the best possible price for their property.
Why not book your free property valuation here? You can find out how we can sell your home in as quick a time as possible, for a top price. We’re a local, family run estate agency with your interests always at heart.
Arno Vale road is a prime area in Woodthorpe, close to Arno Vale Junior School, Ernehale Junior School and the recreation ground. It is also a short drive away from Woodthorpe Park, a huge open expanse of land with gardens and a pitch and put golf course. View a virtual reality 360 tour of this Woodthorpe property below. (If reading this article on mobile, please open in the YouTube app).
Woodthorpe is a really sought after area and property brought to market by our estate agency branch usually sells within weeks. Rightmove suggests the average property price in Woodthorpe is £219,939, which tends to be more expensive than nearby Sherwood, Mapperley and Arnold. We have also recently sold property in Woodthorpe on Longridge Road, Walsingham Road, Melbury Road and Springwood Gardens, amongst others.
Where is Woodthorpe?
See the map below.
So, why would you choose another estate agent?
We pride ourselves in offering more than any other local agent. You can find out more about how we sell homes differently here. We also offer every service under one roof, making the selling or buying process as quick and as easy as possible. This includes independent mortgage advice, helping you to compare the whole of market to find one of the best mortgage deals.
If you need mortgage advice in Woodthorpe, book an appointment by calling 0115 9243304 today.
Book a free property valuation
Considering selling your home in Woodthorpe? Our experts will be able to provide you with an accurate and up to date property valuation. Just call 0115 9243304 or use the form below. We’ll explain to you exactly how we can sell your home and continue to provide advice throughout the sales process. You’re in safe hands with us as an Estate Agent.
The most popular schools in Woodthorpe are Arno Vale Junior School, Woodthorpe Infants School and The Good Shepherd Primary Catholic School.
Woodthorpe has a number of public transport buses running across Mansfield Road. This includes Nottingham City Transport buses from Arnold, Calverton and Bestwood. An average bus journey from Woodthorpe to Nottingham city centre takes around 25 minutes, and a little less if going via car.
Most properties which sold last year in Woodthorpe were detached properties. These sold for an average price of £259,799. House prices were up 3% on the previous year and up 8% since 2005.
Flats sold for an average of £134,755 in the last 12 months according to Zoopla, whilst terraced houses in Woodthrope sold for an average of £132,849.
Spring is drawing to a close and Nottingham property prices are still growing.
We are still one of the top performing cities for property price growth across the UK and have been since last year.
Top 3 for property price growth
Hometrack have reported that Nottingham property prices have grown by 4.5% in the last 12 months. This puts the city in joint third place across the UK.
The cities placed higher in their report were Manchester (joint third), Liverpool and Leicester at 4.9% growth (joint second) and Glasgow at 5.1% growth.
Nottingham was also third for growth in the last 3 months. Prices rose by 2.0%, behind Oxford and Glasgow at 2.1% and Liverpool at 2.6%.
The Hometrack report also states that the average Nottingham house price is £154,500.
Market remains strong
In their latest blog, Rightmove have stated that buyer demand is extremely high. This is usually the case during spring, as more look to move in the spring and summer months than any other.
Political uncertainty also seems to be a thing of the past; The number of houses coming to the market are almost the same as last year. This means it is business as usual, despite talk of a no deal Brexit.
We are also seeing less time wasters looking to buy. People who do make offers are serious and want to move as quickly as possible. Fall through rates are dropping and the time it is taking from putting your property on the market to completion has dropped.
What does this mean for your property?
If you bought your property for £250,000 three months ago then you could have made £5,000 already!
How much is your property now worth? You can find out by booking a valuation. Call Nick and Richard on 0115 924 3304 or use the form below to submit a request.
Rightmove have reported that property prices have grown by over 1% in the last month alone. This rise is the biggest month on month for over a year. It is also the largest rise at this time of year since 2016.
This growth is particularly good news with the uncertain political climate.
2019 Nottingham Property Market
The Nottingham property market has been mixed throughout 2019. Property prices have continued to steadily grow but there has been a shortage of property coming to market compared to people looking to buy. This is no doubt due to delays and problems with Brexit.
The good news is that most are deciding that they cannot hold off any longer and the Nottingham property market is now looking more positive than ever this year so far.
What does this mean for the property market?
Miles Shipside, director of Rightmove says: “This extension could give hesitating home movers encouragement that there is now a window of relative certainty in uncertain times.”
He also stated that he would expect people to take advantage of “static property prices” and “cheap fixed-rate mortgages”.
Thinking of selling your property?
Want to make the most of this property market news? Talk to our estate agents today by calling 0115 924 3304 and get a free property valuation. You can also use the form below to get in touch.
Walton & Allen estate agents Beeston have recently been selling property around the Beeston and Bramcote areas with great success.
Did you know? Walton & Allen have been voted as one of the top 3 estate agents in Nottingham by ThreeBestRated. Find out how we can sell your house here.
Talk to us today to find out how much your Beeston property is worth. Call our expert Senior Valuers on 0115 924 3304 or use the form at the bottom of this page.
We operate a no sale, no fee policy so it is completely free to get a valuation if you are looking to sell your property within the next few months.
Beeston is an extremely sought after area when it comes to buying property, particularly for first time buyers. There is a wide range of property available, all at varied prices. The most popular properties for sale in Beeston in the last year were semi-detached houses.
Recently we sold a property in Bramcote on Ewe Lamb Lane. This had 84 viewings and 7 offers, proving just how popular the area can be!
We also just sold a terrace house on Derby Road, very close to Beeston and Bramcote village. This had 8 viewings and sold within 14 days of coming to market! View a 360 tour of this house below. Ensure you watch through the YouTube app if you’re reading this post on mobile.
About Beeston, Nottingham
Beeston as a whole has had approximately 106 completed sales in the last 12 months according to Zoopla. House prices are also on the up by 4% over the last year and up 17% since 2007. The average sale price can vary from £59,950 up to £1.25million, with property prices increasing further in nearby Beeston Fields.
With great links to the QMC hospital and Derby, plus the A52, M1 and tram links, there is so much to offer for those living in the area.
The Beeston high street is a thriving community with shops, bars, restaurants and a local college.
Beeston Property Valuations
If you’re looking to sell your property in Beeston or Bramcote, use the below form. We provide free property valuations in Beeston, as well as property sales, lettings and Beeston mortgage advice.
Walton & Allen estate agents also offer initial free, independent mortgage advice. This will help you choose the best lender and hopefully the best deal for you, depending on your financial circumstances. Use the form below to book an appointment with our mortgage advisor, or to request some advice over the phone. You can also call us on 0115 924 3304.
If you are a Landlord with a property to let in Beeston then we are here to help. We manage properties for hundreds of Landlords which involves finding tenants, collecting rent and managing maintenance issues.
Beeston is a brilliant place for Buy To Lets as plenty of students live nearby and there is no requirement to have a Nottingham Selective License.
If you’d like to find out what we can do for you on our Landlord fully managed service then get in touch. We can also provide up to date rental valuations on any Beeston property. Just call 0115 924 3304 or use the form above.
About Walton & Allen Estate Agents Beeston
Established in 2000, Walton & Allen Estate Agents are an independent, family run sales and lettings agency. We provide property for sale, to rent, mortgage advice, block management and maintenance services across the whole of Nottinghamshire.
Our expert team has over 100 years combined property knowledge. We will always attempt to get the best possible price for your Beeston property, and sell it in as quick a time as possible to help you move.
New figures from Zoopla reveal that the Nottingham housing market is the strongest in the UK.
The Daily Mail has reported that Nottingham property owners are selling their homes in good time and with little discounts too.
Nottingham Housing Market
According to the latest reports by Hometrack, Nottingham was joint third for growth again. Nottingham house prices grew 5.2% over the last 12 months. The city was joint third with Belfast and was just behind Manchester at 5.6% growth and Leicester at 6.1% growth.
Nottingham house price growth is also high above the rest of the UK average, which currently stands at just 3.1%!
The other great news here is that Nottingham had a below average price discount of just 2 per cent. This means that Vendors who are looking to sell their property are hardly having to accept discounted offers. Sales are also agreed quicker than average in Nottingham. The average time to achieve a sale was also less than 2 months.
Nottingham housing market remains strong
Interestingly, some of the top cities for growth last month have seen a large drop. Edinburgh, for example, registered property price growth of 6.6% last month (year on year), but has dropped to only 3.0% growth this month.
Nottingham remains resilient and has stayed strong. As mentioned, the city remains in the top three for growth across the UK.
East Midlands housing market
The East Midlands as a whole has seen growth over both the last month and the last twelve months. Rightmove report that there is a month on month increase of 0.7% and an annual increase of 2.7%. The East Midlands is also one of the quickest areas to agree a sale in England, just behind the West Midlands.
Walton & Allen continues to sell property quickly, and at the right price. There is a huge demand for property in Nottingham and we have never seen more out of town buyers. It would seem the great value Nottingham offers is reaching investors from all overt the country. Nottingham house prices, although rising, offer fantastic value and are affordable to first time buyers. Due to the buoyant housing market in Nottingham, sellers have found there is little need to accept discounted offers. Property prices in Nottingham have seen a steady increase throughout the last three years and it seems set to continue. Now is a great time to take advantage of the growth the city has to offer.
Is now a good time to sell?
Yes. You are extremely likely to sell within a reasonable amount of time, at a price you are happy to accept. This will allow you to either climb the housing ladder or realise the value you have already accrued.
If you are looking to move then why not see how much your property is worth today, for free?
How much is your Nottingham property worth?
Find out how much your property is worth by calling us on 0115 924 3304. Alternatively, you can use the form below.
Nottingham property prices now third in the country for growth over the last year
Nottingham property prices growth is off to a great start in 2019. The latest report provided by Hometrack shows that at the end of the year Nottingham was third for price growth across the whole of the country.
In the last 12 months, Nottingham property prices have increased by 5.7%. The only cities with higher growth were Birmingham at 6.3% and both Manchester and Edinburgh in the top position at 6.6%.
Nottingham also saw a property price growth of 0.9% in the last month alone.
Where is the Nottingham property market heading?
In 2019, the average growth predicted across the country is 2%. Nottingham is expected to continue to outperform the majority of the country with price growth expected to be much higher.
If you’re looking to move then there is no better time than now.
Walton & Allen Estate Agents in Nottingham have seen a large rise in valuation requests already in 2019. In addition, Rightmove have released figures which state visits to their website are up 5% on the previous year. This shows that more buyers than ever are looking to find that perfect home.
Get a Nottingham property valuation
Are you wondering how much your house is now worth after the continued rise in Nottingham property prices? You can call us on 0115 924 3304 to find out, or alternatively use the form below.
Home owners in Nottingham are seeing their house prices rise at twice the speed of the national average. This is according to the Land Registry.
In October 2018 the average property price in Nottingham stood at £144,416 which was up 5.6% on the previous year. The average price in the county of Nottinghamshire went up by 5.2%, from £169,838 to £178,641. This was an increase of over £8,000 in a single year.
The East Midlands as a whole is currently a property hot spot. Prices are rising quicker in this area than most others in the country. The city has also recently been ranked as the best for buy to let investments across the whole of the UK.
How much is your property now worth?
If you bought a property for £150,000 in 2017, it could now be worth £158,400; a rise of £8,400. If you bought a property for £250,000 in 2017 it may be worth over £264,000. This would be an increase of £14,000.
You can find out exactly how much your house may be worth by speaking to our sales team at Walton & Allen Estate Agents Nottingham. Call them today to find out over the phone on 0115 924 3304. You can also use the form below to request an on-site valuation.
At the end of 2018 Nottingham house prices sit in 5th place for growth in the last 12 months. According to Hometrack which analyses house prices at city level rather than in regional averages, prices are up 6.1%. In front in fourth place was Birmingham with 6.2%, Manchester in third at 6.3%, Edinburgh in second place at 7.4% and Leicester in first at 7.7%.
Nottingham house prices also ranked 6th throughout the UK for price growth over the last three months. This stands at 1.8% at the time of writing.
House prices in Nottingham are in a good position currently. Many who are looking to sell are doing so now whilst prices are high and before a final decision has been made on Brexit.
What does this mean for your Nottingham House?
If you bought a property for £150,000 in Autumn 2017 then it could now be worth £159,150, an increase of over £9,000. A house bought for £250,000 at around the same time could now be worth over £15,000 more! Have you made around £10,000 more on your property? Find out how much your property is worth today by calling 0115 924 3304 or by using the form below.
Nottingham House Prices
A recent report by Rightmove suggested that house prices in the north will continue to grow in 2019. Those further south, most specifically London and the surrounding commuter towns will see a large drop by up to 4%. This is good news for Nottingham home owners who could potentially see a large profit if they are now looking to sell.
Impact of Brexit
The Bank of England governor, Mark Carney, has urged people not to worry too much about Brexit. House prices will always be up and down. “We are advising people to be prudent. If you are taking out a mortgage, at some stage during the life of that mortgage, conditions will be difficult.” He also stated that a property price crash is not going to -or even likely- to take place and therefore there is no need to panic.
So, this seems to mean that there is no evidence that Nottingham house prices will be hugely affected by Brexit.
Find out how much your Nottingham property is now worth
Considering the above, are you interested in finding out how much you could have made on your Nottingham property? Call 0115 924 3304 or alternatively use the form below.