Where should you invest in Nottingham? Let’s fine out…
Investing here is a little bit like making a great meal. You need all the right ingredients to cook up something tasty. And when we say something tasty, we mean an investment property in an area with high capital growth and a great yield.
Reliable transport links, good shops for your tenants, strong employment opportunities, and high demand are all good ingredients for future growth and property success.
If you can identify opportunity areas ahead of other investors, then you’re setting yourself up in the best possible way. If you’re really serious about investing here, you’ll want instant access and insider tips from our free guide, which you can download here.
Now, let’s dive in…
Nottingham city centre:
The NG1 area has one of the strongest rental yields in the country, so it's easy to see why investors are flocking to buy here. Nottingham’s central city centre is booming,with plenty of development and a constant stream of both buyers and tenants. This makes it one of the best places to buy-to-let in the country. Part of Nottingham’s Creative Quarter, Hockley and Lace Market are particularly popular, with plenty of shops, bars and restaurants for tenants to make use of. Apartments and flats are the most common property type, many with original features. Most importantly, properties here are well-priced and the rental yield is high.
Lenton:
Lenton is a fantastic place to purchase buy-to-let property. It’s prime student stomping ground. Just a quick 20 minute walk or 10 minute bus journey and you’ll find yourself in the heart of Nottingham. The area is well serviced by Sainsbury's local, Tesco Express as well as a gym at Castle Marina. Your tenants are well catered for and you won’t struggle to fill your properties. Houses get snapped up quickly, so you might want to try the quieter streets around Old Lenton, which are still well connected to the city via Gregory Street tram stop. Properties here are mainly Victorian terraces or semi-detached homes which get converted into large HMOs.
Beeston:
Any student at either of Nottingham’s universities will know Beeston. It’s one of the city’s most sought after areas and has a real buzz. As well as having Nottingham University, QMC, and Nottingham Science Park on the doorstep, it’s close to the M1 and has four trains running hourly and taking just 10 minutes into the city centre. What more could you want? Beeston is in the Broxtowe Borough rather than the City of Nottingham which means it has both universities on its doorstep.
West Bridgford:
Locals call West Bridgford the ‘Chelsea of Nottingham’. Luckily for investors, it’s not quite as expensive. West Bridgford sits snugly on the River Trent, in the Rushcliffe Borough. It attracts a real mix of tenants, including families, young professionals and final year students. Investing here is a safe bet but house prices aren't quite as low as in other areas. You’ll find a real mix of property - from little flats and mews houses to sprawling detached mansions.
Sherwood:
We’ve included Sherwood even though it’s not as popular amongst the investor community as some of the other locations on this list. Currently, it’s very much ‘up and coming’, with house prices increasing year on year and rents slowly on the up too. It’s within walking distance of the town centre and it’s another student-heavy area, which contributes to its stronger-than-average yields. Despite being popular with students, house prices here are still fairly low. There’s plenty of scope for investors to grab a bargain.
