Postcode District:
NG1
Postcode District Name:
Nottingham
Location:
The NG1 postcode district lies within or includes part of the following towns, counties, localities, electoral wards and stations: Arboretum, Bridge, Dales, Mapperley, Nottingham, Radford and Park, St Ann's, Wollaton West.
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Amenities:
Notes:
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A Mouseprice property guide for NG1 Nottingham is coming soon. In the meantime, please have a look at the raw data and statistics about NG1 that can be found by click the relevant links on the left hand side.
Old area guide:
The commentary below was written for the mouseprice.com website in 2006, please be aware that the comments below might be out of date. We recommend disregarding these comments in favour of the data that can be found either above or in the other sections of this website.
Market trends:
 The size of the property market in NG1 is 2181 homes.
Given that the nominal growth rate in this postcode district (NG1) has been about 15.1% over the last 5 years, it would be reasonable to assume that this isa dynamic local economy and housing market. Property price growth in this area has significantly exceeded growth in earnings and the national average house price growth, and so the likelihood of it continuing will be dependent upon price earnings ratio, as well as investment by developers and local authorities in continually upgrading local infrastructure, schools, in addition to the continued strength of the local and national economies and any other economies upon which the area depends.
The average property in this postcode district was valued at £191532 over the last 3 months.
Since most banks lend money to buy property using their customers’ salary as a indicator of affordability, the price earnings ratio is a useful guide as to whether property in an area is expensive or not. Price Earnings Ratio in this postcode district is 8.7.
New transactions as a percentage of overall sales are 51.3%.
Housing stock:
Over half of the properties in the area are Flats, at 75.5% of the total housing stock.
For those buyers keen to purchase Detached Houses, this would not be an ideal area, because only 1.3% are this type.
The property in this area caters well for retirees and young couples who do not have large families.
A high proportion of property in this area is socially rented.
A lower than average proportion of property in this area is owner occupied. This suggests that there is a very healthy rental market.
The average price of a two bed property in this area is higher than the national average of £187894 at £205724.
Who lives here:
There are 2344 men and 1762 women in this postcode district.
This is one of the youngest places in the country, with an average age of 28.
Single people make up 72% of the population in this postcode district.
Average working hours in this area for men are 40 and for women are 33.
This area has 29.6 people per square kilometre.
This area has high unemployment at 6.5%. Those in work tend to find jobs in the Real Estate or Wholesale & Retail sectors.
The Postcode District NG1 is situated approximately two miles west of the city centre. As well as employment, the city centre has many social attractions such as bars, restaurants and shops, which are all within reasonable walking and cycling distance. Public transport is good, and there is a train station close to the centre. The area is relatively safe, and has experienced a significant amount of development with 51% of properties recently sold being new builds, the highest percentage in this region. This development is continuing, with a large number of one or two bedroom apartments being built. The student population of 22% is one of the highest in the region.
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