Property Investment Company In Nottingham
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Nottingham is a major city in the East Midlands, with a rich history stretching back to the Anglo-Saxon period. It is famed for its association with the legend of Robin Hood and his band of merry-men, who supposedly took from the rich and gave to the poor whilst hiding from the Sheriff of Nottingham in Sherwood Forest. The legend now serves as an important source of tourism for the city.
More recently, Sheffield has forged a reputation as a young, busy city. Two well-respected universities, The University of Nottingham and Nottingham Trent University, bring over 60,000 students to the area – many of whom come from abroad.
Furthermore, stimulated by a large public and private sector, the economy is growing. Research from EY predicts Nottingham’s economy will grow by 2.1% per year between 2020 and 2023, out-performing the national average of 1.8%.
As a property investment company, Nottingham offers a tempting, high-potential option for our clients. It’s easy to understand why interest in the city has grown considerably in the recent years, especially as investors look to move away from London and diversify their portfolios across the North.
We regularly preach about how important it is for property investors to evaluate a city based on key investment factors: business, infrastructure, transport and tenant demand.
Private business is plentiful, which stimulates the job market, retains top talent and grows the local economy. In fact, many international brands have offices in the city, including Boots, Capital One & Experian.
Plus, ongoing development schemes aim to open up and regenerate more of the city’s buildings and infrastructure. This will create new jobs, homes and businesses.
And finally, it has a consistent flow of new, potential tenants each year due to the universities and enjoys great connections to the rest of the UK via the motorway and rail networks.
Nottingham has the largest economy in the East Midlands, with the predicted rate of economic growth outstripping the rest of the country (2.1% vs 1.8%) and on a par with the likes of Manchester (2.1% vs 2.3%).
The Southside Project is a £250 million scheme aimed to improve the city’s southern gateway, whilst Nottingham Science Park will aid business expansion. Such projects stimulate growth in the property market.
Nottingham attracts a high number of tourists each year due to local legends and areas of historical significance. Savvy investors may sense an opportunity for short-term lets to capitalise on tourist demand.
With a central location, much of the country can reached within four hours driving from Nottingham. The city will also benefit from the East Midland’s hub on the future HS2 train line, putting London within a 50 minute journey.
Types of Property Investment in Nottingham
As with many major cities across the UK, Nottingham's city centre is being transformed. New build apartment blocks, along with the redevelopment of its old industrial and manufacturing buildings, are creating thousands of high-quality residential spaces.
With a strong job market and many potential tenants, investors are keen to benefit from the clear opportunity for buy-to-let in Nottingham.
With over 60,000 students across Nottingham's two main universities, the city offers a brilliant opportunity for property investors interested in PBSA (Purpose Built Student Accommodation) - which can deliver high, consistent yields.
There is always high demand for private accommodation from both domestic and international students, as traditional halls of residence simply do not have the space.
Growth in Nottingham
Frequently Asked Questions
Below you can find a range of common questions from previous investors. If you require specific details and advice please do not hesitate to contact us today on +44(0)203 627 3987 or via [email protected]
Yes, Nottingham has all of the investment fundamentals we look for when deciding where to invest. Furthermore, property prices are relatively affordable and tend to achieve good rental yields.
That said, other cities across the North of England may offer even more value through rent and better future growth through capital appreciation. There are very good reasons why cities like Liverpool and Manchester are proving the most popular spots for property investors right now, so we would class Nottingham in a level just below these giants at the moment – putting it alongside the likes of Leeds and Sheffield.
Note, this doesn’t necessarily mean you should instead look at Liverpool and Manchester. A smart strategy is to diversify your portfolio across several cities.
We’d be happy to discuss this with you in further detail. Please drop your details down on the form or give us a call using the number provided, both at the top of this page.
According to Zoopla (September 2021), the average price paid for a property in Nottingham is £236,850.
However, for an apartment, the average is £148,919
An East Midlands HS2 Hub is planned in Toton, a central spot between Nottingham and Derby. The hub will be no more than 10 minutes from Nottingham City Centre, thus connecting the city with the high speed rail network and further improving Nottingham’s transport options.
When it launches, the hub will offer the following journey times from Nottingham: London in 50 minutes, Leeds in under 30 minutes and Birmingham in under 20 minutes. The network will be a fantastic driver of growth for the region.
Considering investing? Click below to book a free 15 minute phone consultation with our team to discuss your property investment strategy.
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All information accurate as of September 2021