This East Midlands powerhouse is a fantastic place to expand or start your property portfolio.
Interested in Nottingham property investment? Get in touch with Centrick’s team of property investment experts! With unrivalled knowledge of the Nottingham market, we’re on hand to help you find the best investment for you.
JUMP TO: Why Invest In Nottingham? | Best Places To Invest In Nottingham | Property And Rental Values
If Nottingham isn't at the top of your investment radar, it certainly should be. Uncover our range of property developments - including exceptional opportunities in Nottingham - with Centrick Invest.
Nottingham makes a fantastic place to invest thanks to its exceptional yields and reasonable prices – here’s the current state of the Nottingham property investment market as of July 2024…
Current Property Value (ONS)
Average Yield (PropertyData)
Average Rent (ONS)
Nottingham property has experienced a huge boost in value, rising by 7% over the past two years, and by 35% over the past five years. This increase in Nottingham sales prices has directly impacted the local rental market, supporting rental growth of 9.7% over the past year.
This has created impressive yields across the region, with Nottingham’s NG1 and NG7 postcodes producing yields of 8.5% and 7.3% respectively. Research from PropertyData reveals that studio apartments in the city can achieve huge yields of up to 17.6%, followed by 7.9% yields for one-beds – this far surpasses the national average rental yield of 4.75%, so it’s no surprise that Nottingham buy to let property is becoming increasingly popular as an asset. So, if you’re searching for an opportunity to grow your property portfolio with buy to let Nottingham is a great place to explore.
The future of Nottingham property investment looks bright, especially since the city is in the midst of extensive regeneration worth £4 billion which will bring more businesses, opportunities and people to the area.
The £1.2 billion development of the Island Quarter, a new residential and commercial quarter, spans 36-acres, creating a ‘city within a city’ and has brought new homes and businesses to the region. Furthermore, the redevelopment of the former Broadmarsh shopping centre in the city core into 20,000 sqm of office, commercial and leisure space is set to establish a newly rejuvenated creative quarter in Nottingham. Additionally, plans are in place to establish a new ‘Green Heart’ to put sustainability at the heart of the city. Not only does this make Nottingham a fantastic place for tenants to live, but these regeneration projects are set to boost demand for homes in Nottingham significantly.
Demand for property in Nottingham is exceptionally high thanks to a combination of reasonable property prices, employment opportunities and brilliant connectivity. Siemens, E-ON and G&M have set up headquarters in the city, creating secure jobs for Nottingham locals whilst also bringing new employees into the region. Rising demand is also supported by Nottingham Trent University and the University of Nottingham, both of which attract local and international talent into the area.
Nottingham properties also benefit from superb connectivity, with London just 90 minutes away by train and East Midlands Airport less than 15 miles away. When we consider Nottingham’s affordability – the average property costs £194,000 compared to an East Midlands average of £242,000 – and respective yields, it’s no shock that Nottingham properties are popular with investors and tenants.
With exceptional regeneration across the city, increasing tenant demand and reasonably priced properties prime for investment, there’s good reasoning to invest in Nottingham. The city is experiencing fantastic growth, making it a prime space for your next buy to let investment:
Nottingham is an exceptional place to start your investment journey, or add to your existing portfolio. Uncover the range of property developments on offer with Centrick Invest.
Each Nottingham neighbourhood has something exceptional to offer – here are the most lucrative parts of Nottingham to invest in and why…
Yields (NG9) – 4.3%
Beeston is a lively and youthful area, with plenty to offer. The Glee Club showcases up-and-coming bands, while its vibrant nightlife thrives thanks to its proximity to Nottingham Trent University. The town also boasts a range of high street shops, restaurants, and supermarkets—from Aldi to Waitrose—ensuring all your essentials are within easy reach. With so much to do and such a strong reputation, it’s no surprise that properties in the NG9 postcode area command an average price of £305,000.
Yields (NG8) – 4.9%
Wollaton is celebrated for its vast Wollaton Park, covering over 500 acres, making it a perfect retreat for outdoor enthusiasts while still offering convenient access to the city centre. This peaceful area is known for its charming independent shops, cosy pubs, and inviting restaurants, which add to its unique character. With a selection of schools rated ‘Good’ or ‘Outstanding’ by Ofsted, Wollaton is an ideal place for families to settle and grow. Homes in this desirable part of Nottingham are typically priced around £281,000, reflecting its slightly more elevated status in the local market – however, with yields of almost 5%, Wollaton is a fantastic place to invest in Nottingham.
Yields (NG2) – 4.1%
West Bridgford boasts excellent local schools and amenities, making it one of the top family-friendly areas in Nottingham. Whether you’re relaxing at the local cinema, visiting the library, or enjoying West Bridgford Park with its cycling paths, play areas, bowling green, and pavilion, there’s something for everyone. For those wanting to explore Nottingham city centre, access is easy via the M606. With average property prices around £325,000, the area offers a more premium living experience for tenants, and would be best suited for buy-to-let investors looking to rent to families.
Yields (NG1) – 8.2%
Located in the vibrant heart of the city, the Lace Market and Hockley districts are perfect for young professionals seeking to be at the center of the action. Known as the Creative Quarter, this area boasts a rich history, evident in the diverse architecture that lines its streets. From grand old warehouses to quirky, bohemian brick buildings, the blend of past and present is palpable. This neighbourhood primarily offers flats and apartments, typical of city-centre living. Commuting is convenient, with excellent train and bus links, while road and rail connections make it easy to travel outside of Nottingham. With properties in the NG1 postcode averaging £160,000 according to PropertyData, this area presents a fantastic investment opportunity or a chance to live amidst the city’s buzz.
Yields (NG7) – 6.2%
For affordable housing near key amenities like the University of Nottingham campus and Queen’s Medical Centre, Lenton is an excellent choice. Nestled between the peaceful Wollaton and the charming suburb of The Park, Lenton enjoys close proximity to the vibrant University of Nottingham, offering something for everyone. According to PropertyData, homes in Lenton’s NG7 postcode average around £220,000, providing a more budget-friendly option for those who want the convenience of The Park and Wollaton without the premium price.
Nottingham property values are exceptionally competitive – especially when compared to the rest of the UK, and even to the rest of the East Midlands. In fact, across the East Midlands the average house price in April 2024 was £242,000, and across the UK the average property value was £284,000: however, in Nottingham the average property value its at £194,000. As such, Nottingham property values are significantly lower – 31% lower than the national average, in fact.
But which type of property makes the best Nottingham property investment? According to the ONS, here are the current values of properties across Nottingham based on property type as of July 2024.
Flats & Maisonettes
Terraced
Semi-Detached
Detached
If you are looking for a city that is experiencing exceptional rental growth, look no further than Nottingham. Private rents across Nottingham increased to an average of £910 in May 2024, reflecting a 9.8% annual rise from £829 in May 2023. This growth outpaced the 8.7% increase seen in the East Midlands over the same period, making Nottingham one of the best places to invest in the region based on rental price growth alone. Here’s what each number of bedrooms commands on the rental market across Nottingham according to the ONS as of July 2024.
1 bedroom (pcm)
2 bedrooms (pcm)
3 bedrooms (pcm)
4+ bedrooms (pcm)
Flats & Maisonettes (pcm)
Terraced (pcm)
Semi-Detached (pcm)
Detached (pcm)
From Nottingham to the broader East Midlands and beyond - view our range of available investment properties that offer exceptional yields and impressive capital growth.
As your resident Nottingham property investment experts, Centrick have over 18 years of experience in helping investors curate a portfolio that works for them.
With tailored advice on portfolio diversification, thorough and updated analysis of property trends, and a keen eye for any developments happening across the Nottingham buy to let market – Centrick Invest is your ultimate partner, and we’re here to help you every step of the way.
Even after your next Nottingham property investment purchase, we’re able to provide valuable ongoing support to help you understand the next steps in your broader investment plan.
For more information on how Centrick Invest can help you, simply contact us using the form below – we’d love to help.
Centrick Invest is ready to help you start taking control of your investment needs - using our exclusive CentrickScore methodology to determine how a Nottingham property investment can help you achieve your goals.
We provide a range of investment-led resources that can help you determine the ideal investment strategy. Discover the best places to invest, the best ways to invest and how to invest in Nottingham property efficiently.
Centrick Invest can help you explore how a Nottingham property investment may fit within your portfolio - including key insights into the potential of a property investment in Nottingham and how it can complement your current or future portfolio.
We can help you find specific Nottingham properties ideal for investment, as well as supporting the process of integrating them into your investment plan. Our team has a broad understanding of the local market and can assist you during the entire process.
Get in touch with Centrick Invest to see how our the team can help...
New Homes & Investments Director
The UK property market is set for an exciting year in 2025, with new-build properties standing out...
Buying your first home is an exciting milestone, but in today’s market, it can feel overwhelming. With...
Centrick is celebrating after clinching a leading national award for property agents, their suppliers and the residential...
Property specialist Centrick Invest is celebrating after winning instructions to launch four exciting new multi-million-pound residential developments...
This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.
Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings.
If you disable this cookie, we will not be able to save your preferences. This means that every time you visit this website you will need to enable or disable cookies again.
This website uses cookies to collect anonymous information such as the number of visitors to the site and the most popular pages.
Keeping these cookies enabled helps us to improve our website.
Please enable Strictly Necessary Cookies first so that we can save your preferences!
