Purplebricks: Shocking stats reveal how Nottingham house prices have soared in 20 years

The average price of a house in Nottingham has soared by a whopping 102% over the past 20 years, new figures show. 

According to research by Purplebricks, the city’s average house price has jumped from £94,837 in 2004 to £192,096 in 2024. 

The average price of a detached house, meanwhile, has increased by 154.1% over the same period to £324,281. 

Someone who bought a Nottingham flat in 2004 will have seen their investment grow by an average of 62.1% over the past two decades. 

Londoners are the country’s biggest winners when it comes to investment in bricks and mortar - with the average home in the capital increasing £298,871 in value over 20 years.

Outside of London, the biggest house price winners over 20 years were across the South East, and all in areas that are easily-commutable into the capital.

Homeowners in the historic town of St Albans in Hertfordshire saw the biggest rise in the value of their properties since 2004, gaining £288,542 from a 157.6% rise over two decades.

The research from Purplebricks has laid bare the problems facing first-time buyers since the mid 2000s, with the average UK homeowner seeing their property increase on average by £159,894 over the two decades since January 2004. 

Earlier this year Nottingham World spoke to 23-year-old West Bridgford resident Sam Carroll, who admitted he would probably have to sell his car in order to save for a house deposit. 

Purplebricks CEO Sam Mitchell said: “Bricks and mortar has long been one of the safest and most secure investments in Britain.

“UK homeowners, and those looking to get onto the ladder, should take huge comfort in our analysis, which shows that investing in a forever home really does pay off.

“While London homeowners have seen huge returns on their money, it is encouraging to see that wherever you are in the UK, the home you live in has been quietly earning you money over the last two decades.”

You can check how much your property has made over the past decade or two with Purplebricks new House Prices Over Time online tool.