The average house price in the Gedling area has risen 6.3% year-on-year, according to new data from the Office for National Statistics (ONS).
Typical property prices are now reaching the quarter-of-a-million mark, up from £235,000 12 months ago. The 6.3% year-on-year increase beats the 5% regional increase across the wider East Midlands area.
In the East Midlands as a whole, average house prices rose from £231,000 in May 2024 to £242,000 in May 2025.
Which types of properties have risen most in value in Gedling?
Contrary to some parts of the UK, detached properties attracted the highest rise in average values between May 2024 and May 2025. Detached homes in Gedling rose 6.9% year-on-year. Meanwhile, at the other end of the spectrum, the average price of a flat in the Gedling area increased by just 3% year-on-year.
Detached property prices in Gedling sold for an average of £374,000 in May 2025, compared with £238,000 for semi-detached homes, £181,000 for terraced properties and £122,000 for flats.
Assessing the first-time buyer market in Gedling
The market for first-time buyers in the Gedling area also looks challenging. The provisional average prices paid by first-time buyers in Gedling hit £214,000 in May 2025, some £13,000 higher than the revised average in May 2024. This is marginally higher than the average house price for first-time buyers across the wider East Midlands region.
The market in the Gedling area remains tough for sellers looking to secure quick sales at competitive prices. Interest rates are still significantly higher than the long-term average, keeping mortgage rates above 4%. This elevated cost of borrowing is affecting both first-time buyers and current homeowners looking to remortgage or move up.
The digital world we live in is trying hard to keep the UK’s property market moving, though. There are services like Sold that can purchase properties outright in cash in just seven days. The cash offers tend to be below a property’s value on the open market, but it’s a useful tool for those who need to move on quickly. Similarly, they also have virtual estate agency services, with short-term contracts that put property owners in direct contact with pre-approved potential buyers.
How is the rental market looking in Gedling?
Typical monthly private rents have also risen 6.5% year-on-year, as more buy-to-let landlords continue to grapple with the rising cost of mortgages. A typical monthly private rent in Gedling has risen from £818 in June 2024 to £871 in June 2025, according to the ONS’ Price Index of Private Rents.
It’s pleasing to see that the private rental price annual inflation figure of 6.5% hasn’t been this low since early to mid-2022. This is an indication of the plateauing of short and medium-term mortgage rates among UK lenders.
Gedling remains a cost-effective place to rent, with its average monthly rent below the East Midlands average of £885, up from £827 in June 2024. Comparing the area with the nationwide average, the average rent price in the UK hit £1,344 in June 2025, up from £1,260 in June 2024.
