Selling a house quickly in Nottingham, which boasts the UK’s seventh-largest economy, should be relatively straightforward with strong demand for property. Historically, one of the main components of the UK industrial revolution, Nottingham and its surrounding areas are now dominated by new up-and-coming industries. These includes digital media, science and IT together with retail and leisure. Those who have visited Nottingham will know it offers a healthy nightlife with numerous restaurants and nightclubs.
As the city of Nottingham celebrates the promotion of the city’s football team to the Premier League, there are high hopes for the local economy. While the promotion play-off game was worth more than £170 million to the club, a recent report suggested it could be worth over £200 million yearly to the local economy. Recently, demand for properties in Nottingham has outstripped supply, forcing prices higher. Even during these challenging economic times, there are many reasons to be optimistic about the short, medium and long-term future of Nottingham and the surrounding areas.
Borough of Nottingham City
The borough of Nottingham City has long been a popular tourist attraction. Visitors still flock to hear tales of Robin Hood and his merry men, although there is much more to the area. Nottingham has the seventh-largest economy in the UK (sixth most significant according to some people). The area has benefitted from substantial inward investment in recent times. Described by many as the financial hub of the Midlands, this is a far cry from the old Nottingham. Historically the region was dominated by the textile industry, with evidence still visible today.
Property prices Nottingham
It is fair to say there has been strong demand for property across Nottingham city, with the average property now valued at £242,244. While most homes sold in Nottingham were semi-detached, changing hands for an average of £217,779, there is still healthy demand for detached and terraced properties. The average detached property sold for £356,987, with terraced properties valued at £169,061. With local estate agents still reporting strong demand, you will not be surprised to learn that overall, property prices were up 5% on the year and 20% on the 2019 peak of £201,625. There is robust demand if you are looking at selling a house quickly in Nottingham!
Selling a House Quickly in Clifton
Those looking for a quick house sale Clifton will be pleased to learn that house prices were up 8% on the year, averaging £184,264. While the annual growth was impressive, it is essential to note that this is a 19% increase from the 2019 peak of £155,069. The more popular properties in Clifton are terraced homes with an average selling price of £158,897. Semi-detached houses are changing hands for an average of £195,676, with detached properties even higher at £291,500. Many areas of Nottingham city are benefiting from increased investment and a prosperous local economy.
District of Ashfield
The district of Ashfield has a rich cultural heritage, and recent developments have pulled the economy away from the traditional textiles, coal mining and engineering areas of years gone by. Situated to the northwest of the city of Nottingham, the area boasts a beautiful mix of countryside and a population approaching 130,000. A recent £175 million business park development created 3000 new jobs and now supports around 6000 in total. Companies such as EON, Boots, Pendragon, Rolls-Royce and Eddie Stobart are just some of those who have taken up residency in the business park.
After experiencing difficult times in the past, there is a feeling that the district of Ashfield is making significant progress. Consequently, those looking at selling a house quickly in Nottingham, and surrounding boroughs, should find plenty of interest.
Selling a House Quickly in Sutton-in-Ashfield
Situated in the district of Ashfield, Sutton-in-Ashfield has seen house prices increase by 7% over the last 12 months. The average house in Sutton-in-Ashfield is now worth £170,192, with the majority of sales of a semi-detached nature. Semi-detached homes are changing hands for an average of £156,762; detached properties are selling at an average price of £233,164, with terraced homes valued at £112,505. Houses prices are now 18% up on the 2019 peak of £144,663, an impressive performance – those looking for a quick house sale Sutton-in-Ashfield will not be disappointed!
Selling a House Quickly in Hucknall
It is fair to say that house prices in Hucknall have not benefited to the same extent as other areas in the Nottingham district. Even though the annual growth of 2% was a little disappointing, it is important to note that the average property in Hucknall is now 8% above the 2019 peak of £189,605. The average property is still valued at £204,404, with most sales focused on semi-detached homes – an average price of £192,490. Detached homes have been selling for around £267,488, with terraced homes fetching £155,839. If you are looking for a quick house sale Hucknall, demand will depend upon the type of property you are selling.
District of Bassetlaw
Home to the famous Sherwood Forest, the district of Bassetlaw incorporates a mix of bustling towns and picturesque villages. The area is well connected with both Manchester and Birmingham airports, just 90 minutes away, great for business and pleasure. The local council recently set out a 14-year economic development program to revolutionise the local economy. As a result, a mix of public and private money is being used to attract new businesses, thereby increasing the demand for property. While demand and property prices vary across the region, there is potential if you’re looking at selling a house quickly in Bassetlaw.
Selling a House Quickly in Worksop
Looking at selling a house quickly in Worksop? The 2% year-on-year increase in property prices is a little disappointing. However, this is still a 10% increase from the previous 2019 peak of £173,055, the region has not enjoyed the same demand as other districts. The average property in Worksop is now worth £190,576, with focus on semi-detached homes which are selling for an average price of £152,303. Demand for detached properties has pushed prices to £274,131, with terraced houses now fetching £111,372. It will be interesting to see how the property market performs in the short to medium-term and how this impacts those looking at a quick house sale Nottingham and the surroundings areas.
Selling a House Quickly in Retford
A rise of 6% in Retford property prices over the last 12 months has seen the average price increase by 9% since the 2019 peak of £186,578. The average property is now valued at £203,816 and is skewed towards the semi-detached market, where properties are valued at an average of £172,741. While terraced homes are changing hands for £134,184, demand for detached properties has pushed the average price to £295,356. Those looking at a quick house sale Retford are currently selling into a relatively strong market.
District of Broxtowe
Situated to the west of the city of Nottingham, the district of Broxtowe offers an attractive mix of open countryside and a growing local economy. The birthplace of DH Lawrence, the region has a romantic history and is a pleasant place to live and work. The local economy is dominated by IT and retail services, although manufacturing and construction are also prominent. Unemployment in the area is below the national average, which bodes well for a buoyant property market, vital for those looking at a quick house sale Broxtowe. This is also encouraging for those looking at a quick house sale Nottingham.
Selling a House Quickly in Beeston
Seen by many as one of the more popular places to live in the Nottinghamshire region, Beeston house prices show a healthy increase of 21% on the 2019 peak of £224,512. Annual property price increases of just 2% may not encourage those looking to sell a house quickly in Beeston. However, longer-term the situation is more positive. The average property is valued at £270,672, with the market skew toward semi-detached homes, with an average selling price of £250,839. Detached homes are valued at £390,989, with terraced properties currently fetching around £186,590.
Selling a House Quickly in Eastwood
It is safe to say that the Eastwood property market has been extremely buoyant over the last 12 months, registering a 12% increase. Compared to the previous 2019 peak of £165,868, the current average price of £201,288 is an impressive 21% higher! Eastwood’s property market favours detached homes which are currently selling for £248,904. Semi-detached homes are going for £169,273, with terraced properties in the region of £146,966. On past performance, those looking at a quick house sale Eastwood or, looking wider afield, at selling a house quickly in Nottingham are likely to be in demand!
Borough of Gedling
A recent Halifax quality-of-life survey placed the borough of Gedling as the 29th best place to live in the UK. Considering factors such as:-
- Employment
- Housing affordability
- Health and well-being
- Education
- Earnings
- Local transport network
This is a feather in the cap for the local authorities and a useful promotional tool. The region has a population of circa 120,000, and with the local council proactive in encouraging inward investment and a growing economy, there are reasons to be optimistic for the future. While property prices in the area are below the national average, a buoyant local property market bodes well for those looking at a quick house sale Gedling.
Property prices Carlton
Carlton, situated in the borough of Gedling, has an average property price of £197,384. This represents an annual 4% increase and an 18% rise on the 2019 peak of £167,371. While detached homes are selling for £250,758, and terraced properties for £150,612, semi-detached homes are most in-demand. Semi-detached properties are selling for £200,481. This is proving a particularly hot market for those looking at a quick house sale Carlton. It will be interesting to see what the future holds for the Carlton housing market. Will this help those looking at selling a house quickly in Nottingham?
Property prices Arnold
While the average property price in Arnold, valued at £210,033, is less than the UK average, there is a broad range of properties on offer. The local market is dominated by semi-detached homes, which are currently changing hands at £187,861. Detached properties are much sought after with an average price of £310,631 and terraced properties are quoted at £157,887. While annual house price growth is an impressive 8%, the market is up 14% on the 2019 peak of £183,740. So there is a lot to consider for those looking at a quick house sale Arnold.
District of Mansfield
The district of Mansfield has a population of around 100,000 and a working population of 62.5%. Ongoing investment by the local authorities and significant investment by businesses have seen a gradual reduction in unemployment. The five most prominent employment areas in the Mansfield district are construction, science, retail, business administration/support services and manufacturing. As with most areas of Nottinghamshire, Mansfield is moving towards a modern-day cutting-edge economy which will help support the local property market. Consequently, there are many reasons to be optimistic if looking at a quick house sale Nottingham/district of Mansfield.
Property prices Mansfield
The Mansfield property market, the centre of the district of Mansfield, has been relatively subdued of late. Annual house price growth is currently 3%, with the average property now valued at £190,849. On the plus side, this ia a 12% increase on the 2019 peak of £170,567. Most sales in Mansfield involve semi-detached properties, changing hands for an average of £157,956. Terraced homes are fetching £115,639 with strong demand for detached properties on a significantly higher average of £266,208. So while house price growth has not been as high as in other areas of Nottinghamshire, those looking at selling a house quickly in Mansfield have plenty of food for thought.
Property prices Mansfield Woodhouse
Even though the average property in Mansfield Woodhouse is valued under the UK average, currently around £175,807, long-term performance has been encouraging. The current average price is 15% up on the 2019 peak of £153,081. However, the annual performance has been slightly disappointing with an increase of just 2%. While detached properties are selling for the highest price, an average of £258,736, with detached homes at £119,627, there is the most demand for semi-detached homes – currently worth an average of £146,706. Depending on the type of property, you should still be able to secure a quick house sale Mansfield Woodhouse.
District of Newark and Sherwood
Newark and Sherwood, as one of the larger districts of Nottinghamshire, boasts a population of more than 120,000 people. House prices can vary significantly across the region, with Newark and Sherwood boasting a higher than national average rate of employment. This bodes well for those looking at a quick house sale in the Newark and Sherwood region. The local economy is dominated by the services industry, distribution, hotels and restaurants, together with manufacturing and finance/IT. There is also a buoyant tourism industry as the region looks to maximise local history and cultural attractions. The strength of this property market is helping those looking at selling a house quickly in Nottingham.
Selling a House Quickly in Newark-on-Trent
In line with many property markets in the Nottinghamshire area, Newark-on-Trent has struggled in the short term, with prices rising by just 2% over the last year. However, on a more encouraging note for those looking at a quick house sale Newark-on-Trent, prices are currently 14% up on the 2019 peak of £180,911. The average property has a value of £206,375, with the market dominated by detached properties selling for around £290,368. Terraced homes are selling for £148,586, with semi-detached houses fetching £190,194. A relatively broad range of prices!
Selling a House Quickly in Ollerton
Demand for houses in Ollerton will encourage those looking at selling a house quickly in Ollerton, with prices up 22% over the last year. This strong rebound equates to a 13% increase on the 2019 peak of £151,276. Semi-detached properties are the most popular type in the region, changing hands at £139,197. Then we have detached homes, with an average price of £250,921, and terraced properties fetching £132,700. Whether short-term demand will continue at the current rate is debatable, but the last 12 months have seen an impressive increase in property prices in Ollerton.
Borough of Rushcliffe
The borough of Rushcliffe, situated to the south of the city of Nottingham, has a population of circa 120,000. West Bridgford boasts an average property price of more than £375,000, far greater than the national average. This reflects strong economic growth in the region. The economy is benefiting from strong wholesale/retail, science, manufacturing and construction activity. In addition, there’s been significant growth in the information and communication sector. As the economy of Rushcliffe continues to switch from traditional to digital there is more potential longer term. Consequently, if you are looking at selling a house quickly in Rushcliffe, there is likely to be significant demand.
Property prices West Bridgford
It is safe to say that West Bridgford, in the borough of Rushcliffe, is a much sought-after region. The average property has a value of £375,311. This is an increase of 4% over the last 12 months and 10% on the 2019 peak of £340,190. The underlying demand for houses bodes well for those looking at a quick house sale West Bridgford. There is particular interest in detached homes – selling for an average of £496,957. Next we have semi-detached properties valued at £362,713 and flats fetching £174,078. Impressive!
Property prices Bingham
In what is proving a challenging property market, the average price of Bingham property increased by just 1% over the last 12 months. The 13% increase on the 2019 peak of £242,957 was a little more encouraging. However, those looking at a quick house sale Bingham may struggle. The average property price is £275,545, in a market dominated by detached homes. Detached properties are changing hands at an average price of £322,946. Semi-detached homes are selling for £248,698, with terraced properties changing hands for around £220,823. So while the short-term performance may be somewhat disappointing, the increase on the 2019 peak offers hope for the future.
Are you considering selling a house quickly in Nottingham?
As mentioned above, the range of properties available across Nottingham and Nottinghamshire is extensive. The region has won an array of awards for the standard of living and inward investment into the local economy. The switch from traditional textiles, manufacturing and coal mining has gathered pace in recent years with a greater focus on the digital era. If you are looking at selling a house quickly in Nottingham, demand remains relatively strong, although this will depend on the property type and the region.
If you are looking for a quick house sale, we urge you to visit our website at www.cashhouse.co.uk. The site explains the sales process in detail. When looking at a quick house price sale, we appreciate that time is very often of the essence. Consequently, our services incorporate the following:-
- Guaranteed sale price
- Legal fees paid by us
- Completion in as little as one month
- Online/off-line support service
- Best price guarantee
- Flexible approach
Transparency is vital in our industry. So after your initial enquiry, we will arrange an in-person visit to confirm our online valuation. After agreeing on a price, we will hand the sales process over to our legal team. Primed and ready to go, they will look after all of the paperwork. We appreciate you may have additional questions and queries, and welcome these at the earliest opportunity.
Summary
Looking to sell a house quickly in Nottingham and the surrounding boroughs? You will find that the region has become a finance and business hub. A switch from traditional textiles, manufacturing and coal mining is ongoing and has gathered pace in recent years. The conversion to the digital era is attracting more businesses and professionals to the area. This certainly bodes well for the local property market. While property prices will vary, often significantly between different districts, there really is something for everybody.
If you’re looking at selling a house quickly in Nottingham, we would welcome the opportunity to chat with you. This would allow us to explain our services in more detail.
