Nottingham
As the fastest-growing city in the East Midlands, Nottingham is a vibrant area boasting higher-than-average rental yields. Property in Nottingham has seen some of the most significant growth in prices over the last five years and now sits on top of many growth charts.
The city is also undergoing a period of intense economic regeneration, with projects such as the £2 billion redevelopment of the ‘Southside’ set to transform the area. Nottingham has delivered some of the country’s best yields, together with some of the highest rates of capital appreciation. The city centre is particularly affluent, with a vast array of shops, bars, and restaurants that will drive up rental demand.
Nottingham stands out for its abundance of history and personality, famed for its tale of folk hero, Robin Hood, and the famous Sherwood Forest right on its doorstep. World-renowned for its lace industry, the beautiful architecture of lace mills and vast, red brick buildings make Nottingham a scenic, enchanting destination.
Two universities ensure that the city is a vibrant, buzzing environment with excellent leisure and entertainment options, and, of course, the legend of Robin Hood draws in a steady stream of tourists each year. The city has the sixth-largest tourist revenue in the UK. Nottingham also features a hub of industry with big businesses such as Boots having headquarters there.
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The average Nottingham property costs £233,718, making the city one of the most affordable in the UK.
The average value of apartments in Nottingham has increased by £18,542 in the past five years.
According to Zoopla, with rent figures of £1,585 PCM, the average rental yield in the city is around 8%. Typically, anything between 5 and 6% is considered a good rental yield, which bodes well for investment properties in Nottingham with higher returns than this.
