House prices in 'NG4 2', Netherfield

Price per square metre data and charts revealed. Latest statistics for the housing market in 'NG4 2' (Netherfield, Carlton) - calculated on 01 December 2025.

Defining 'NG4 2'

This analysis is limited to properties whose postcode starts with "NG4 2", this is also called the postcode sector. There are no official postcode sector names so I've just labelled it NG4 2, Netherfield. It is shown in red on the map below.

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You can click on the map above to change to a neighbouring sector, or you can use the search form below.

Price per square metre

Knowing the average house price in NG4 2 is not much use. However, knowing average price per square metre can be quite useful. Price per sqm allows some comparison between properties of different size. We define price per square metre as the sold price divided by the internal area of a property:

£ per sqm = price ÷ internal area

For example in October 2025, 1a, Glen Helen, Netherfield, NG4 2GE sold for £192,000. Given the internal area of 62 square metres recorded on the EPC, the price per sqm is £192,000 ÷ 62 sqm = £3,096.

England & Wales have been officially metric since 1965. However house price per square foot is prefered by some estate agents and those of sufficiently advanced age ;-). It is a huge pain to code the automatic conversion for square meters to square feet for all the graphs and charts on NG4 2 and elsewhere. All the conditionals turn my tidy code for into spaghetti. I will get around to it at some point, but for now you can just divide everything by 10 in your head, move a decimal place and you'll be close enough. If you want to be more precise 1 sqm = 10.76391 sqft.

Distribution of £ per sqm for 'NG4 2' vs 'NG4'

The chart above is called a histogram, it helps you see the distribution of house price per sqm in NG4 2 To make this chart we put all the sales data into a series of £ per sqm 'buckets' (e.g. £2,350 to £2,500, £2,500 to £2,650, £2,650 to £2,800 etc...) we then count the number of sales with within in each bucket and plot the results. The histogram is based on 334 sales that took place in NG4 2, Netherfield, Carlton in the last 24 months.

Generate a custom histogram like the one above but based on your own criteria.

You can see the spread of prices above. This is because although internal area is a key factor in determining valuation, it is not the only factor. Many factors other than size affect desirability; these factors could be condition, aspect, garden size, negotiating power of the vendor etc.

The spread of prices will give you a feel of the typical range to expect in NG4 2, Netherfield. Notably, only 25% of properties that sold recently were valued at more than £3,130 sqm. For anything to be valued more than this means it has to be more desireable than the clear majority of NG4 2 homes.

Box plot of £ per sqm for NG4 2

Tip: click on the chart to see the values.

The chart above is called a boxplot (or a box-and-whisker plot). Box plots, like histograms, are used to graphically represent the distribution of data, showing the central tendency, spread of the distribution. In the context of £ per square metre property price distributions, box plots represent the variation in property prices within a geographic area e.g. Netherfield. The chart above shows a boxplot for 'NG4 2' as well as the 'NG4' postcode district.

  • Median: The horizontal line inside the box represents the median (£ per square meter). This is the midpoint of the data, meaning 50% of the prices are below this value, and 50% are above. The middle price per square metre in 'NG4 2' is £2,410.
  • Interquartile Range (IQR): The box spans from the 25th percentile (Q1) to the 75th percentile (Q3). This is the range where the middle 50% of the data lies, giving a good indication of the typical price spread. Of the 334 transactions in NG4 2, Netherfield half were sold for between £1,970 and £3,130 per square metre.
  • Whiskers: In our case, the whiskers extend from the 9th percentile (at the lower end) to the 91st percentile (at the upper end), This provides a slightly broader view of the distribution by including the middle 82% of records. The whiskers capture most of the variation but exclude extreme outliers caused by data errors in recording sold house prices or internal area.
  • 'n=' is the number of property transactions the box plot is based on; 334 for NG4 2, Netherfield.

    • Property price map for Netherfield

    Have a look at the interactive price map I created for myself. Use it to explore 'NG4 2' house prices all the way down to individual property plots.

    Property price heatmap for Netherfield
    House price map for Netherfield

    Netherfield house price forecasting

    House prices in NG4 2 grew 6.0% in the last year, 2.0% after inflation. Whether or not this trend will continue depends on many factors, such as wage growth, net migration, interest rates and the level of house building. No one can predict these things with certainty however we can plot the historic trends in house prices in NG4 2 (Netherfield) compared with the wider postcode district of NG4.

    House price index for NG4 2

    Tip: click on the legend items to show/hide different lines

    Download house price index as CSV (premium users only).

    The chart above shows changes in 'NG4 2' property prices over the last 20 years. The index is calculated from the average price paid per sqm for property in NG4 2 and is set to 100 in 2004. I'm comparing the trends for NG4 2,Netherfield with the wider postcode district of NG4 What is more interesting is to look at the difference between flats and houses, even those in the same area follow a very different trend, to get a robust enough sample size to see this we need to zoom out and look at house price trends for the entire Gedling local authority.

    The dashed lines show nominal house price changes, the solid lines show the same data adjusted for inflation. Economists call this the 'real' price change. You have to take inflation into account when comparing prices over time. It's calculated using the formula:

    Real Rate of Return = (1 + Nominal Rate) ÷ (1 + Inflation Rate) – 1
    In this formula, the nominal rate is the rate of change before any adjustments, and the inflation rate is taken from the Consumer Price Index. The real rate of return is a more accurate measure of change in value, because £1 today does not have the same buying power as £1 in the past. For example, if a savings account pays an interest rate of 3% per year and the inflation rate is 5% per year, the real rate of return is -2%. This means that the investment's value is shrinking by 2% each year.

    Historic returns for NG4 2
    NG4 2 sector NG4 district
    Nominal Real Nominal Real
    20 yr per annum 3.1% 0.3% 3.1% 0.3%
    20 yr total 83.8% 6.5% 83.9% 6.6%
    10 yr per annum 5.6% 2.4% 5.3% 2.1%
    10 yr total 72.6% 26.7% 68.1% 23.4%
    5 yr per annum 5.1% 0.5% 4.8% 0.3%
    5 yr total 28.1% 2.7% 26.6% 1.5%
    1 yr per annum 6.0% 2.0% 1.6% -2.3%
    1 yr total 6.0% 2.0% 1.6% -2.3%

    This table complements the house price index chart above, presenting the data in a more detailed format. It breaks down the information into 20-year, 10-year, 5-year, and 1-year periods, further categorized by property type. For each period, we display both a per annum rate of change and a total rate of change.

    The total rate of change represents the overall change over the entire period. The formula for total return is:

    Total return = (Index at end of period ÷ Index at start of period) - 1

    The per annum rate of change is the annualized rate of change over the period. This is equivalent to the annual bank savings rate you would need to achieve the same total return over the given period. This annualized return is also known as the Compound Annual Growth Rate (CAGR). The formula for CAGR is:

    CAGR = (1 + Total return) ^ (1 ÷ Number of years) - 1

    Some specific examples:

    • Over the past 20 years, NG4 2 sector have seen a 0.3% annual change when adjusted for inflation. This translates to a total change of 6.5% in real terms.
    • Over the past 5 years, NG4 2 sector have seen a 0.5% annual change when adjusted for inflation. This translates to a total change of 2.7% in real terms.

    Most recent NG4 2 sales

    For the most recent sales activity, rather than a summarized average, it is better to see the underlying data. This is shown in the chart below, where blue dots represent individual sales, click on them to see details. If there is an obvious trend you should be able to spot it here amid the noise from outliers.

    Tip: hover over dots to see details

    Street level data

    Street Avg size Avg £sqm Recent sales
    Valeside Gardens, Netherfield, NG4 2E 78 sqm £2,369 16
    Hotspur Drive, Netherfield, NG4 2B 65 sqm £2,908 15
    Vale Road, Netherfield, NG4 2G 86 sqm £2,117 15
    Florence Road, Netherfield, NG4 2Q 83 sqm £2,302 14
    Curzon Street, Netherfield, NG4 2N 75 sqm £1,733 14
    Chandos Street, Netherfield, NG4 2L 94 sqm £2,201 13
    Beaumaris Drive, Netherfield, NG4 2R 95 sqm £3,736 12
    Forester Street, Netherfield, NG4 2N 78 sqm £1,941 11

    Search for your street here.

    Nearby geographies

    The table below shows how 'NG4 2' compares to the other postcode sectors in NG4.

    Sector Lower quartile Median Upper quartile Sales in last 2yr
    NG4 4 Gedling £2,330 sqm £2,720 sqm £3,220 sqm 307
    NG4 3 Carlton £2,380 sqm £2,790 sqm £3,160 sqm 266
    NG4 2 Netherfield £1,970 sqm £2,410 sqm £3,130 sqm 334
    NG4 1 Carlton £2,290 sqm £2,610 sqm £3,030 sqm 356
    NG3 7 Nottingham £2,330 sqm £2,660 sqm £2,980 sqm 127
    NG2 4 Nottingham £1,750 sqm £2,000 sqm £2,490 sqm 270
    NG14 5 Burton Joyce £2,950 sqm £3,340 sqm £3,740 sqm 264
    NG12 2 Radcliffe On Trent £2,530 sqm £3,070 sqm £3,590 sqm 179
    NG12 1 Radcliffe On Trent £2,740 sqm £3,270 sqm £3,630 sqm 119

    Raw data

    Our analysis of NG4 2 is derived from what is essentially a big table of sold prices from Land Registry with added property size information. Below are three rows from this table to give you an idea.

    Address Paid sqm £/sqm
    1a, Glen Helen, Netherfield, Carlton £192,000
    Oct-2025
    		 62 3,096
    12, Colbrook Pl, Netherfield, Carlton £133,000
    Oct-2025
    		 64 2,078
    21, Cottage Meadow, Netherfield, Carlton £220,000
    Oct-2025
    		 57 3,859

    See the entire list of all sales in NG4 2 here.

    About

    I created HouseMetric because I wanted to see this data and analysis myself, I also wanted to teach myself to build a website. Please give me feedback or spread the word about it. I'm constantly tinkering and adding more stuff to it.