Property Auctions in Nottingham

Photo of a house sold at property auctions in Nottingham
Property auctions in Nottingham are generally very busy and present a good selection of houses and flats as well as commercial properties for sale. Photo © Andrew Abbott (cc-by-sa/2.0)

Property Auctions In Nottingham, England

A vibrant cosmopolitan city in the heart of the countryside, it is no wonder that buying at property auctions in Nottingham is becoming more and more popular. The UK’s ninth largest city (with a population of around 300,000) was traditionally known for its lace-making and textiles industries.

Nowadays it has made the transition into a modern employment hub with a sound reputation for scientific research. Whatever type of bargain property you are looking for, property auctions in Nottingham are quick, easy and can save you a great deal of money on the purchase price of a house or flat.

Property Prices In Nottingham

The most expensive neighbourhood in Nottingham is located in the environs of Nottingham Castle. The Park, the former castle gardens, is the most sought-after area.

A Victorian house along one of its tree-lined avenues has a starting price of £380,000. Other inner-city affluent areas in Nottingham are Standard Hill, the Lace Quarter and Hockley (also known as the Bohemian Quarter).

The cheapest neighbourhoods in Nottingham include former council estates like The Meadows or Sherwood where a terraced house can cost as little as £80,000.

The average property prices in Nottingham are:

  • Detached house: £380,000
  • Semi-detached house: £216,000
  • Terraced house: £159,000
  • Flat: £152,000
Photo of a stone house in Nottingham, England
Castle Grove in Nottingham is probably the most sought-after area of the city. When houses in this area appear at property auctions in Nottingham, bidding is very competitive. Photo © Alan Murray-Rust (cc-by-sa/2.0)

You may also like:

Where To Look For Property Auctions In Nottingham?

Property For Sale In Beeston, Nottingham

Situated 6 miles from the city centre, Beeston is a green neighbourhood which contains Wollaton Deer Park and Beeston Marina. There are good local transport links to other parts of Nottingham as well as easy access to the M1 for those residents wishing to commute.

Beeston appeals to many different types including students, academics, professionals and those with young families. Close to Beeston High Street, the vast majority of the housing stock consists of terraced houses but as you move further out, you will be able to find a greater mix of property types.

Property In West Bridgford

Located south of the River Trent, West Bridgford is the most popular of Nottingham’s suburbs. However, this popularity is reflected in its property prices which are some of the highest outside the centre.

There is a greater range of property types here than other parts of the city and includes a mixture of classic detached houses, post second-world war semi-detached homes as well as terraced houses and mixed-use properties.

Houses for sale West Bridgford, Nottingham
West Bridgford in Nottingham probably has the best variety of properties for sale in Nottingham. Photo © John Sutton (cc-by-sa/2.0)

Ruddington Property

Located 5 miles from the city centre, Ruddington appeals to people who would like to get away from the city or who wish an affordable alternative to West Bridgford. Although now a part of Nottingham, Ruddington retains the charm of the village it used to be.

The centre of Ruddington has a few shops and a community centre, but its lack of amenities is made up for by the close proximity of Rushcliffe Country Park and the friendliness of its inhabitants. Apart from the usual mix of urban properties, this is the ideal area if you wish to buy a quirkier property of non-standard construction such as rustic cottages and converted barns.

UK Property Tools

Property In The Lace Market, Nottingham

Just south of the Bohemian Quarter (Hockley), the Lace Market is popular among young professionals. The centre of Nottingham is only a short walk away, so all the retail and entertainment facilities are on your doorstep.

Very few properties in this neighbourhood have a garden so it is not suitable for families with young children. Most of the housing stock here consists of flats, many of which have been converted from former warehouses. With their exposed redbrick work and original Georgian windows, these apartments are unique.

Photo of the Lace Market area of Nottingham
The Lace Market in Nottingham is popular with young professionals but almost all property for sale in the Lace Market have no gardens or outdoor space. Photo © John Sutton (cc-by-sa/2.0)

Mapperley (including Mapperley Plain and Mapperley Park)

Mapperley has the widest range of property types in Nottingham ranging from large detached family homes to terraced houses. Many of the former Victorian townhouses have been converted into HMO buildings so this area is popular with single professionals and students.

Located in the north of Nottingham and with easy access to the countryside, Mapperley is one of the most affordable areas to buy cheap property in Nottingham. It also has a range of local amenities and prides itself on its strong sense of community.

Property Auctions In Nottingham FAQ

How can I find property auctions in Nottingham?

Forthcoming property auctions in Nottingham and the surrounding area are usually advertised about 3-4 weeks before the auction. Although you could order a catalogue, most of the information about houses sold at auction are available online on the websites of regional and national auction houses.

How much are lots at property auctions in Nottingham?

£180,000-£220,000 for the average property sale. However, cheaper auction properties can be found in less desirable areas or because the property needs to be renovated. It is also well worth considering outlying areas around Nottingham as these offer great value for money at auction.

Which areas are best to find cheap properties in Nottingham?

The best areas to find cheap houses sold at auction in Nottingham are West Bridgford, Hockley, the Lace Quarter, Beeston and Mapperley. Flats are more common in the central parts of Nottingham, so take your time and browse through the auction catalogue carefully. Be pragmatic when it comes to selecting areas of the city to bid on property.

Can I buy repossessed property in Nottingham?

There are repossessed properties in Nottingham, but normally repossessed properties are sold via local estate agents. If you want to find out about any repossessed properties in Nottingham which may be available at auction, try contacting local banks or finance companies as these firms have often provided the initial property loan.

You may also like:

Types Of Property For Sale In Nottingham

There is a full range of residential, commercial, industrial and mixed-use properties put up for auction in Nottingham. There is enough variety in terms of location and property type to suit every taste and budget. Our recommendations for those interested in attending property auctions in Nottingham are:

Derelict property for sale in Nottingham
If you attend the right property auctions in Nottingham it is possible to find interesting and cheap properties, such as this derelict property for sale. Photo © John Sutton (cc-by-sa/2.0)

UK Auctions:

Repossessed Property In Nottingham

Like many cities in the UK there is a good selection of repossessed property in Nottingham. Ranging from repossessed houses in Nottingham to flats, studios and derelict buildings, these lots often make an appearance at various property auctions in Nottingham.

If you are solely interested in repossessed property in Nottingham, once you have registered with a Nottingham auction house, check with local banks to see if there are any listed bank repossession properties in Nottingham.

One important thing to remember is the level of interest when repossessed houses for sale in Nottingham appear on the local property market. Bidding can be fierce if there is a real possibility to profit from renovating the property and re-selling, thus any repossessed houses for sale in Nottingham tend to attract many bids.

That said, it also depends who is attending the property auction, so you may get lucky and stumble across a selection of repossessed houses for sale in Nottingham which have low attendance or numbers of bids at the auction. Scan the available catalogues from the Nottingham auction houses to stay on top of upcoming lots.

Cheap Property In Nottingham

There are properties put up for auction in Nottingham which can be up to a third cheaper than similar properties elsewhere. The main reasons are location and condition.

Areas to look out for a bargain and cheap property in Nottingham include The Meadows, Sherwood and Dunkirk. When buying a cheap property, it is crucial that you carry out a full property survey and have its legal pack scrutinised by a solicitor.

Photo of a repossessed property in Nottingham
Repossessed property in Nottingham often makes appearances at local auction houses in and around the Nottingham area. Photo © David Hallam-Jones (cc-by-sa/2.0)

Resources for property buyers in Nottingham:
Council tax in the Nottingham area from Nottingham Council
Information on the city of Nottingham and surrounding area

Conclusion: Nottingham Property Auctions

Learning how to buy at property auctions in Nottingham area is simply a question of attending a couple of auctions beforehand – either in person or online – to familiarise yourself with the procedure.

Nottingham is a beautiful city with lots of growth potential, so it makes it ideal for anyone seeking a low cost property at auction who wants to renovate the property or possibly move into the buy-to-let market.

Overall, Nottingham is a safe, vibrant and productive city that should be high on your property list.

UK Property Auctions (Home Page) – Local Property Auctions