Property trends for NG3

    NG3 covers parts of central and eastern Nottinghamshire, including areas around the city fringe and surrounding suburbs. It offers a mixed character balancing urban accessibility with more residential neighbourhoods.

    At a Glance

    Average Property Price - NG3

    £240,036

    25

    National percentile

    12 month avg at 31 Jul 2026

    Average Monthly Rent - NG

    £901

    32

    National percentile

    Estimate at 31 Jul 2026

    Average Net Household Income - NG3

    £32,727

    17

    National percentile

    2023 census data

    Flat / Maisonette Yield - NG

    6.3%

    74

    National percentile

    Estimate at 31 Jul 2026

    10-Year Annualised Price Growth - NG3

    4.0%

    78

    National percentile

    Estimate at 31 Jul 2026

    10-Year Annualised Rent Growth - NG

    4.8%

    89

    National percentile

    Estimate at 31 Jul 2026

    Street Rankings — NG3

    Top 5 streets in NG3 ranked by 3-year average sale price.

    #Street3Y Avg
    1Arlington Drive£886,500
    2Carisbrooke Drive£805,000
    3Esher Grove£775,000
    4St Andrews Road£750,000
    5Lucknow Drive£721,500

    Latest Rent — NG3

    Property Price & Volume Trends

    The latest average price of £245,300 sits well below the national average, placing it among the more affordable postcode districts. Over the past decade, prices have grown at 4.7% annually—significantly faster than the typical UK pace, reflecting strong capital appreciation for the area. However, transaction activity has softened in recent years; last year saw 491 sales compared to a 10-year average of 671, indicating a cooling in turnover.

    Rent & Yield Trends

    Average monthly rent of £891 is modestly below the national median, making it an affordable area to rent. Rental growth has been robust at 4.7% per year, outpacing inflation and the wider UK trend. The flat yield currently stands at 6.1%, notably above its 10-year average of 4.8%, signalling improved returns for buy-to-let investors in the current environment.

    Income & Affordability Trends

    Average household income of £33,000 is well below the national average, placing the area among the lowest-earning districts nationally. This lower income base has pushed affordability pressure: the price-to-income ratio of 7.8x is notably higher than the 6.5x seen in 2016, suggesting purchasing power has been squeezed. Rental affordability has also edged tighter, with rent now consuming 23.9% of income versus 23.1% six years ago.

    Resident Demographic Profile

    The area has a distinctly younger profile than the national average: the 16–24 age group comprises over 23% of the population, more than double the typical figure, likely reflecting student housing and younger working populations. Social rented housing is unusually prevalent at 26.6% of tenure, significantly above the 16.5% national average, while outright ownership is notably lower at 22.5%. The employment mix skews towards elementary occupations (15.8% versus a national 10.2%) and caring roles (10.4% versus 9.2%), with fewer managers than the UK average.

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