Known as the “Queen of the Midlands” Nottingham is one of the fastest growing cities in the country. It attracts a range of investment buyers from urban sophisticates seeking chic city-centre living to families looking for townhouses and attractive suburban properties.
Whether you are looking for a trendy conversion in Nottingham’s old lace mills, a more suburban setting or property in picturesque villages like Wollaton, popular with academics and medical staff thanks to its proximity to Nottingham’s universities and hospital, there’s plenty of opportunities.
World-class higher education establishments like the University of Nottingham, ranked in the top 1 % of all universities worldwide, and Nottingham Trent University, make this a city prime for buy-to-let opportunities.
The East Midlands offers good value for money in comparison with the likes of London. House prices in Nottingham have increased by more than 10 % in the past 12 months – the biggest annual rise in a decade.
Latest figures from the Land Registry’s House Price Index show the average cost of a Nottingham property in November was £91,446, up from £83,602 in November 2013.
According to research from HSBC, Nottingham came third with the highest rental returns for buy-to-let investors at 7.67 per cent.
So why is Nottingham special?
- Its excellent transport links include a new tram network, trains reaching London St Pancras in around an hour and international air access from East Midlands Airport.
- Nottingham has plenty to offer, from the world famous legend of Robin Hood and Nottingham Castle to high culture and fashion from Nottingham native Paul Smith.
- Its a popular cultural destination with numerous historical attractions, two theatres and numerous art galleries.
- Its city centre with pedestrianised streets and tram system make it easy to get around.
So how do I get into this market?
The team at CXG Invest are ready to discuss your individual needs.
We have a range of investment opportunities in Nottingham to discuss with you, and if you have a specific location in mind we’ll work with our developers to source you the best property for your requirements.