Ten neighbourhoods in Nottingham and Nottinghamshire have been named as locations with the fastest-growing house prices in county.
House prices soared during the pandemic, and the combination of pent up demand, lack of supply, and the desire for more space and rural living all fuelled the trend.
It was music to the ears of home owners but not so welcome news to those yet to get on the housing market.
However, analysis of ward-level figures from the Office for National Statistics show huge local variation when it comes to rising house and flat prices in our area.
Topping the list of locations with the fastest house price growth was Oak Tree in Mansfield, which saw property prices increase faster than anywhere else in Nottinghamshire in the year to June 2021, with the average home in the neighbourhood selling for around £197,500.
That was up by 78% from the average sale price of £111,250 the year before.
The average cost was also more than nine times the £21,000 you would typically have paid in the area in the year to June 2001.
Also making it into the top five neighbourhoods for price growth is Stanton Hill and Teversal in Ashfield. The average property there sold for £210,248 in the year to June 2021, up 70% from £123,500.
It was followed by Rampton in Bassetlaw, where a typical home sold for £267,500 (up 64% from £163,500), Beckingham in Bassetlaw, where the average price was £250,000 (up 40% from £179,000), and Calverton in Gedling, where homes sold for £240,000 on average (up 39% from £172,375).
Nottinghamshire's top ten areas for fastest house price growth
| Location | Year to June 2020 |
Year to June 2021 |
% change |
Oak Tree, Mansfield |
£111,250 |
£197,500 |
78% |
Stanton Hill and Teversal, Ashfield |
£123,500 |
£210,248 |
70% |
Rampton, Bassetlaw |
£163,500 |
£267,500 |
64% |
Beckingham, Bassetlaw |
£179,000 |
£250,000 |
40% |
Calverton, Gedling |
£172,375 |
£240,000 |
39% |
Sutton Bonington, Rushcliffe |
£246,500 |
£340,000 |
38% |
Dover Beck, Newark and Sherwood |
£365,000 |
£502,500 |
38% |
Meadows, Nottingham |
£117,000 |
£161,000 |
38% |
Maun Valley, Mansfield |
£135,000 |
£175,250 |
30% |
Meden, Mansfield |
£120,000 |
£154,000 |
28% |
These figures are a crude average and don’t take into account the type of property sold. As such, the average price may be skewed for wards that have seen a small number of sales in the last year.
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