Trying to get a grip on the housing market can be like trying to catch hold of an eel in a barrel of jelly.

Just when you think you know what's going on, the picture shifts.

Figures from the Land Registry from earlier this year showed that in 2018 house prices in Nottinghamshire rose by 4.2%.

This was the slowest rate of increase in five years, but was still higher than the national average of 2.5% - and meant the average house price in the county was £177,029.

However, just a couple of months later the Bank of England warned that prices nationally were expected to fall  by 1.25% this year as continued uncertainty over Brexit began to bite, along with other factors.

So if you're thinking of buying or selling, or are just interested in what houses are worth, where do you stand?


One way is to look at the estimated value of a property, rather than what houses have actually sold for.

Property website Zoopla uses a complex algorithm to work out the value of property in an area.

Is your house value going up?
Is your house value going up?

This includes not only the prices at which homes have sold, but also a number of other elements including changes in market values, current asking prices, and the specific characteristics of individual properties.

And it found that - looking at the value of homes, not their sale price - only six NG postcode areas had actually seen an increase in value from June 2018 to June 2019.

The top ten out of the 27 different NG postcode areas are listed below (NG10 is in Derbyshire, the others are in Nottinghamshire).  

Rank Postcode Average value June 2019 Average value June 2018 YoY £ change YoY % change
1 NG13 £308,575 £306,760 £1,815 0.59%
2 NG16 £184,807 £183,492 £1,315 0.72%
3 NG4 £180,765 £179,879 £886 0.49%
4 NG7 £169,597 £169,082 £515 0.30%
5 NG5 £180,424 £179,972 £452 0.25%
6 NG8 £195,984 £195,706 £278 0.14%
7 NG10 £181,700 £181,887 -£187 -0.10%
8 NG6 £132,561 £133,020 -£459 -0.35%
9 NG15 £204,737 £205,421 -£684 -0.33%
10 NG12 £332,812 £333,870 -£1,058 -0.32%

Top of the pile is NG13, which includes Bingham and East Bridgford. But even here values had only risen by an average of £1,815 (or just under 0.6%) per property.

Then comes NG16, home to places such as Kimberley, Eastwood, and Nuthall.

The only other postcode areas to experience an increase in value were NG4 (Carlton, Gedling, Netherfield); NG7 (Radford, Lenton, Hyson Green, The Park); NG5 (Sherwood, Arnold, Top Valley); and NG8 (Wollaton, Aspley, Bilborough).

Zoopla works out values from a range of different sources including the Government, estate agents, various third parties and its own users.