Nottingham city centre

Rising house prices in the east midland’s city means that high yields and good levels of capital growth can be achieved

House prices in Nottingham have risen by 5.6% between October 2017 and October 2018, according to the Land Registry. The overall average price for a property in Nottingham is now £195,797. The capital of the east midlands is not just an excellent choice for investors looking for opportunities to make capital gains, the rental yields achieved are some of the highest in the country.

High yields achievable through property investments in Nottingham

Research conducted by Mortgage Broker Private Finance has shown that average rental yields in Nottingham are the second highest in the country at 5.6%. It also performs well in terms of capital growth, as according to over the next 10 years Nottingham will top the tables for average house price growth at 0.8% per month. This means that the average property price will increase by 160% between 2017 and 2027, from £133,215 to £346,592.

The attraction of Nottingham is that 25% of its population is aged between 16-24 – one of the prime demographics that will be looking for rental property as they just start out in their careers. It will also provide an opportunity for capital uplift when they have saved enough money for a deposit and are ready to buy. The city also boasts excellent travel connections as it sits in the middle of England, and it is accessible to 90% of England’s population.

Regeneration in Nottingham will only boost property prices

Regeneration to Nottingham’s city centre will improve desirability to live in the city or the surrounding areas. For a while, shops have stood empty in Broadmarsh shopping centre, but this is all due to change as Intu has committed to making improvements. New retail outlets, a seven-screen cinema and restaurants are not the only way in which the council is looking to improve the city environment. Transportation to the city centre will also be improved as plans are made to modernise the car park and bus station. On top of that, an empty building on Carrington Street is due to be transformed into a gym and other initiatives are in place to improve the number and quality of facilities in the city.

A 40-acre site called Boots Island is also due to be redeveloped. Plans have been put in motion to transform the derelict site into homes, offices and a five-star hotel.

Nottingham buy to let investment opportunities

Sherwood Square is a new buy to let investment opportunity based in the Nottingham suburb of Carlton. The development is a modern collection of 42 one-bedroom apartments with prices starting from £104,995. Features include anti-slip vinyl flooring, custom-built kitchens and stylish bathrooms.

The yield the property is expected to achieve is in the range of  6.75% gross per annum, making  Sherwood Square an attractive investment opportunity for the astute investor. The ‘Monthly & Mortgage’ plan, where the 30% exchange deposit is divided by the 24 months build schedule and the remainder paid on completion by way of mortgage or cash, provides an attractive low point of entry into the property market.

Contact us today to find out more about buy to let investments in Nottingham and around the UK.

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