The least expensive houses sold in Nottinghamshire over the past three months have been revealed. It comes as average house prices across the UK increased by 12.8% over the year to May 2022, up from 11.9% in April 2022, according to the most recent figures from the Office for National Statistics.
The most expensive sale came in Village Street, Edwalton, back in May, where one detached house was sold for nearly £3 million. By contrast, the least expensive sale was for a terraced house in Sutton-in-Ashfield for £45,000. Recent price increases may reflect a range of factors including some possible changes in housing preferences and a response to the changes made to property transaction taxes across the nations.
This may have accounted for a rush of demand in mid-2021, as annual price rises soared to a 13.5% increase in the year to June 2021, as the suspension ended in Wales and the saving was reduced in England. There was another smaller rush in September, with annual growth at 11.5% that month as the stamp duty holiday ended in England.
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According to the Land Registry, 40,133 home sales have been registered for April, 31,609 for May, and 6,896 for June. It may take several weeks for sales to be registered after completion so some sales from later in the period may not be listed yet. The impact of coronavirus has meant that it is still taking longer for sales to be registered.
While there were some expensive sales in our county, one semi-detached house in Kensington and Chelsea sold for £37.5 million. The least expensive home was sold for £17,000 in Durham.
Below is a list of the least expensive across Nottinghamshire and where they were purchased.
Least expensive:
High Street, Stanton Hill, Sutton-In-Ashfield, Ashfield, Nottinghamshire, NG17 3GA, which is a terraced house, sold for £45,000 on May 19
Cheapside, Worksop, Bassetlaw, Nottinghamshire, S80 2JD, which is a terraced house, sold for £46,000 on April 8 (This sale may have been a buy-to-let, a transfer to a company, or a repossession)
Dove Drive, Selston, Nottingham, Ashfield, Nottinghamshire, NG16 6QW, which is a semi-detached house, sold for £60,000 on April 14
Hannah Park View, Netherton Road, Worksop, Bassetlaw, Nottinghamshire, S80 2SG, which is a flat, sold for £60,000 on April 29
John Street, Worksop, Bassetlaw, Nottinghamshire, S80 1TG, which is a terraced house, sold for £65,000 on April 12
Beehive Street, Retford, Bassetlaw, Nottinghamshire, DN22 6JE, which is a semi-detached house, sold for £65,000 on May 6
Bainbridge Road, Warsop, Mansfield, Mansfield, Nottinghamshire, NG20 0ND, which is a terraced house, sold for £68,000 on April 27 (This sale may have been a buy-to-let, a transfer to a company, or a repossession)
Hannah Park View, Netherton Road, Worksop, Bassetlaw, Nottinghamshire, S80 2SG, which is a flat, sold for £68,000 on April 26
Netherton Road, Worksop, Bassetlaw, Nottinghamshire, S80 2SB, which is a terraced house, sold for £69,000 on May 17
Moor Street, Mansfield, Mansfield, Nottinghamshire, NG18 5SH, which is a terraced house, sold for £69,000 on April 14
Most expensive:
Village Street, Edwalton, Nottingham, Rushcliffe, Nottinghamshire, NG12 4AB, which is a detached house, sold for £2,875,000 on May 4
Rose Meadows, Barnby Moor, Retford, Bassetlaw, Nottinghamshire, DN22 8FN, which is a detached house, sold for £1,500,000 on April 4
Firs Road, Edwalton, Nottingham, Rushcliffe, Nottinghamshire, NG12 4BX, which is a detached house, sold for £1,060,000 on June 1
Beeston Fields Drive, Bramcote, Nottingham, Broxtowe, Nottinghamshire, NG9 3TD, which is a detached house, sold for £1,000,000 on May 30
Main Street, Hoveringham, Nottingham, Newark And Sherwood, Nottinghamshire, NG14 7JR, which is a detached house, sold for £900,000 on April 22
Castle Gate, Nottingham, City Of Nottingham, City Of Nottingham, NG1 6AF, which is a terraced house, sold for £855,000 on April 29
Elm Bank, Nottingham, City Of Nottingham, City Of Nottingham, NG3 5AJ, which is a detached house, sold for £800,000 on April 5
Repton Road, West Bridgford, Nottingham, Rushcliffe, Nottinghamshire, NG2 7EN, which is a detached house, sold for £755,000 on April 14
Church Drive, Ravenshead, Nottingham, Gedling, Nottinghamshire, NG15 9FF, which is a detached house, sold for £750,000 on May 5
Oak Tree Court, Tollerton, Nottingham, Rushcliffe, Nottinghamshire, NG12 4HJ, which is a detached house, sold for £750,000 on April 11
Main Street, Flintham, Newark, Rushcliffe, Nottinghamshire, NG23 5LA, which is a detached house, sold for £750,000 on June 1
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