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Nottingham city centre market report NG2 5, Nottingham
The standing NG2 5 (Nottingham city centre) property market report, rebuilt from the full public record every month. The raw material for this page is 5,502 HM Land Registry entries for NG2 5 (Nottingham), going back to 1995: each an actual purchase at an actual price. Rents come from the ONS. Valuations, estimates and asking prices appear nowhere in it.
Sales data to 2026. Rents: ONS, May 2026. Regenerated with every monthly data refresh.
In short: 36 registered 2026 sales put the NG2 5 (Nottingham) median at £402,500, up 3% on five years earlier, with a mean of £412,300, and by floor area homes here have averaged about £3,860 per square metre over the last five years. Everything rests on 5,502 completed HM Land Registry sales since 1995, refreshed monthly; valuations and asking prices play no part.
NG2 5 is one sector of NG2 (Nottingham): a handful of streets, and the most local view the sold record can give. The price of that locality is lumpier charts, because each year's median rests on fewer sales.
Where NG2 5 sits
Shaded by median price on the same scale as the average prices map. Click any shape to open it on the live map with every sale plotted at its address, or zoom in past street level to see the sold homes right here.
What buyers actually paid in NG2 5
Take the 36 registered 2026 sales in NG2 5 and the middle price, the median, is £402,500. The mean lands at £412,300, practically level with it: prices here bunch tightly around the middle.
NG2 5 prices by floor area
Measured by floor area, the last five years of NG2 5 sales average about £3,860 per square metre. Price per square metre is the fair way to compare a one-bed flat with a four-bed house, and it comes from the Energy Performance Certificate on each sold home.
England and Wales as a whole trade at a £285,000 median, leaving NG2 5 41% above the national figure.
NG2 5's median sold price, 1995 to 2026
One line records the median as paid; the other restates every year in today's money via ONS CPIH, the honest measure of getting dearer. Hover for year figures, click the legend to isolate a line.
See this chart as a table
| Year | Median (cash) | Median (today's £) | Sales |
|---|---|---|---|
| 2026 | £402,500 | £402,500 | 36 |
| 2025 | £450,000 | £460,761 | 156 |
| 2024 | £410,000 | £435,914 | 117 |
| 2023 | £365,000 | £401,046 | 95 |
| 2022 | £410,000 | £480,772 | 138 |
| 2021 | £390,000 | £493,790 | 205 |
| 2020 | £362,500 | £470,351 | 149 |
| 2019 | £324,000 | £424,686 | 129 |
| 2018 | £340,000 | £453,226 | 137 |
| 2017 | £332,500 | £453,497 | 131 |
| 2016 | £315,000 | £440,688 | 166 |
| 2015 | £273,500 | £386,456 | 166 |
| 2014 | £250,000 | £354,669 | 170 |
| 2013 | £240,000 | £345,336 | 157 |
| 2012 | £235,000 | £345,891 | 133 |
| 2011 | £235,000 | £354,760 | 162 |
| 2010 | £242,200 | £379,832 | 140 |
| 2009 | £215,000 | £345,614 | 160 |
| 2008 | £185,000 | £303,254 | 114 |
| 2007 | £216,800 | £367,753 | 236 |
| 2006 | £195,500 | £339,363 | 255 |
| 2005 | £200,500 | £356,809 | 192 |
| 2004 | £185,000 | £335,996 | 201 |
| 2003 | £170,000 | £313,181 | 195 |
| 2002 | £145,000 | £272,816 | 243 |
| 2001 | £115,000 | £221,082 | 274 |
| 2000 | £100,000 | £196,250 | 209 |
| 1999 | £84,000 | £167,408 | 248 |
| 1998 | £75,000 | £151,393 | 214 |
| 1997 | £68,100 | £139,659 | 228 |
| 1996 | £64,000 | £134,973 | 176 |
| 1995 | £63,100 | £137,170 | 170 |
In cash terms the typical NG2 5 home went from £63,100 in 1995 to £402,500 in 2026, roughly 6 times the price. Adjusted for inflation it still comes to a real rise of roughly 193%, so homes here got dearer in substance, not only in cash. In inflation-adjusted terms the high-water mark was 2021. The market now sits about 18% below it, so a peak-time purchase has yet to recover its real value.
Year-on-year change in the NG2 5 median
Each bar is the change on the year before, in cash. The zero line is the boundary between rising and falling.
The strongest year on record here is 2002 (+26.1% on the year before); the weakest, 2008 (−14.7%). Single-year swings like these are why the annualised table below matters more than any one year's headline.
The long view: annualised growth
| Period | Cash, per year | Real terms, per year |
|---|---|---|
| 1 years (since 2025) | −10.6% | −12.6% |
| 5 years (since 2021) | +0.6% | −4.0% |
| 10 years (since 2016) | +2.5% | −0.9% |
| 20 years (since 2006) | +3.7% | +0.9% |
Compound annual growth of the median sold price; the real column deflates by ONS CPIH. Annualised figures smooth the cycle (the chart above shows the cycle), and past growth is a record, not a forecast.
Transaction volumes
Sales per year, counted
Each bar is a year's recorded sales. 2008's dip is the financial crisis, and the newest bar always grows for a while as late registrations arrive.
Over the last twelve months of data, 36 sales completed in NG2 5. Like most of England and Wales, turnover never fully recovered from 2008: the market here averaged 226 sales a year before the financial crisis and 108 a year over the last five. Price without volume misleads: a median built on few sales jumps around, and one street can tilt it. Keep in mind too that the latest year is still filling in, since sales reach the register weeks or months after completion.
How NG2 5 trades
Only 36 sales completed here in the last twelve months of data, which makes NG2 5 a thin market. Each figure rests on few transactions, so single streets can swing the median and the charts deserve a sceptical squint. Expect volatility in the annual figures: swings past ten per cent show up repeatedly above, and they usually reflect the mix of homes sold in a given year rather than genuine repricing. Within NG2, this sector trades 29% above the district median: one of the dearer corners of its district.
Rents around NG2 5
NG2 5 falls under Rushcliffe, where the ONS puts the average private rent at £1,033 a month (May 2026 figures). A one-bed averages £714 a month here and a four-or-more-bed £1,545, so size does most of the work in setting the rent.
Average monthly rent by size, Rushcliffe
ONS Price Index of Private Rents, May 2026.
Set against the £402,500 median sold price, £1,033 a month is £12,396 a year, a gross yield of 3.1%: gross, before letting costs, voids, maintenance and tax, so a ceiling rather than a promise. Rents are published at local-authority level, so nearby districts in the same authority share these figures.
NG2 5 (Nottingham city centre): the questions that come up
Are property prices falling in NG2 5 (Nottingham city centre)?
Is NG2 5 (Nottingham city centre) a good place to buy a house?
How much did a house sell for in NG2 5 (Nottingham city centre)?
Will NG2 5 prices rise from here?
That question has no honest answer, only evidence. The evidence: the median is up 3% over five years in cash but down 18% after inflation. Weigh the volume chart alongside the price one before deciding anything, and bear in mind every figure is a completed sale that reached the register weeks after completion.
What you could buy in NG2 now
Turning to what is actually available: 154 homes on the market right now, from 9 agents publishing to HomesIndex.
These cover the whole NG2 district, not just NG2 5: live asking prices are collected per district.
33% of what is on the market here is asking below what comparable homes actually sold for. Each listing is compared with recent recorded sales of similar homes nearby.
- Elterwater Drive, Gamston, Nottingham...
- Swindale Close, Nottingham, NG2, Nottingham
- Queens Road, Nottingham
The "under comparable sales" label measures each asking price against real nearby sales of similar homes: an opening position for a conversation rather than a valuation. The home itself still needs looking at.
See every NG2 home for sale on the map →
Live asking prices from estate agents who publish a feed to HomesIndex, refreshed every Monday and Thursday: a sample of the market, not every home for sale. Asking prices are not sale prices.
Moving up a bedroom in NG: the cost
Real sold prices by size across the NG area, straight from the Land Registry record. Size steps are fiercely local. A third bedroom adds a quarter to the price in some areas and close to four fifths in others, which is why no national rule of thumb survives contact with a real market.
| Type | 1 bed | 2 bed | 3 bed | 4 bed | 5 bed |
|---|---|---|---|---|---|
| Detached | — | £242,000 | £340,000 (+40%) | £500,000 (+47%) | £685,000 (+37%) |
| Semi-detached | £170,000 | £195,000 (+15%) | £235,000 (+21%) | £330,000 (+40%) | £462,500 (+40%) |
| Terraced | £154,000 | £165,000 (+7%) | £185,000 (+12%) | £250,000 (+35%) | £328,500 (+31%) |
| Flat | £118,800 | £151,000 (+27%) | £220,000 (+46%) | £397,500 (+81%) | — |
Built from the last four years of recorded sales by form and bedroom count. Bedroom counts are estimated from EPC records (the register carries none), so expect a small number of homes one size adrift. Sizes with too few homes to be meaningful are left blank.
The risers and the fallers
The spread across the NG area is the point: the same five years treated these districts very differently.
Five-year change in the median, NG area districts
The districts that gained and lost most in cash terms, each row linking through to its own report.
Other sectors in NG2
Prices can differ sharply between two sectors a few minutes' walk apart. The rest of NG2, each linking to its own report:
| Sector | Median (latest) | Sales that year |
|---|---|---|
| NG2 1 | £189,000 | 7 |
| NG2 2 | £202,500 | 20 |
| NG2 3 | £161,000 | 11 |
| NG2 4 | £170,000 | 33 |
| NG2 6 | £311,200 | 68 |
| NG2 7 | £390,000 | 93 |
Zoom out to the full NG2 district report for the type split, monthly volumes and how NG2 compares with its neighbours.
Before you sell in NG2 5: what the record supports
Ground the asking price in real sold prices first. The average prices map gives a rough value in a minute: start at NG2 5's shading and zoom to the sold homes on the street itself. Agents work from this same Land Registry record when they value; this page puts it in front of you before they arrive.
Estate agents working NG2 5: the featured spot on this report is free for founding agents, one per district. Claim NG2 5.
Go deeper
Behind the answers sits the same Land Registry record as this page, with NG2 5 already set as the subject. Free, one click sign in.
Two maps carry on from here: every NG2 5 sale at its exact address, and the average prices map from area shading down to single homes. The report tool answers a specific question in writing, and each sale's mortgage and rent calculator prices a real purchase.
About the numbers: everything is computed from HM Land Registry Price Paid Data (Crown copyright, OGL v3.0), geocoded to the address; today's-money figures use the ONS CPIH index, and rents are the ONS Price Index of Private Rents by local authority. These are medians of recorded sales, not valuations, and none of it is financial advice.