Nottingham Property Investment | Our Essential Guide
Last updated: June 2022
Are you considering a property investment in Nottingham?
In this article, local property price and rental yield data are presented to help you decide.
- Why Invest In Nottingham?
- Property prices in Nottingham
- Flat prices in Nottingham
- Terraced house prices in Nottingham
- Semi-detached house prices in Nottingham
- Detached house prices in Nottingham
- Nottingham Rental Yields
- Data Sources
Why Invest In Nottingham Property?
Nottingham is situated in the heart of the midlands. The city has excellent links to the UK road network which makes travelling to other major UK destinations nice and easy.
Birmingham can be reached in an hour, London in just over 2 hours, and Sheffield in a little under an hour.
Air travel is convenient thanks to Nottingham’s location to the East Midlands airport. There is a train service to the airport that takes 15 minutes, a coach service that takes around 50 minutes, or you can drive to the airport in approximately 25 minutes.
Nottingham and the surrounding area are home to some major employers in both the public and private sectors.
Nottingham City Council and Nottinghamshire County Council are both significant employers in the city with more than 8,000 people employed by each.
If your career is in healthcare, then there are multiple employers to consider working for. Nottinghamshire Health Care Trust, Nottingham University Hospitals Trust, and Sherwood Forest Hospitals Trust all employ large numbers of people in the area in a variety of roles.
Jobs in the education sector are well represented. The University of Nottingham, Nottingham Trent University, and Nottingham College all offer careers ranging from academics, administrative work, and other roles.
Other notable employers in the area include Boots UK Limited, Experian, Center Parcs, and E.On.
Local Colleges and Universities
Nottingham has two excellent universities - the University of Nottingham and Nottingham Trent University.
The University of Nottingham is one of the highest ranked universities in the world and is currently ranked the 99th best in the world. World-class courses available at the university include medicine, engineering, science, and the arts.
Nottingham Trent University can trace its roots back to 1843 and was granted university status in 1992. Chemistry, philosophy, law, and criminology are some of the courses that can be studied here.
History of Nottingham
The first settlement in Nottingham was established in the 6th century. By the 10th century, thanks to its location on the river Trent, Nottingham was a bustling town.
Over the next few centuries Nottingham enjoyed steady growth. Then, in the 18th and 19th century, Nottingham saw a boom thanks to the industrial revolution. The area was a significant producer of coal which helped power Britain's industries. Today the textile industry that helped Nottingham grow is no more, but the city continues to thrive thanks to the growth of other industries.
Interesting facts about Nottingham include:
Legendary outlaw Robin Hood and his merry men lived and hid in the area
One of the UK's biggest retailers, Boots, was founded in Nottingham
Nottingham was originally called Snotingham
Famous people born in Nottingham include poet Lord Byron, footballer Andy Cole, and award-winning actress Samantha Morton
Property Prices In Nottingham
Investing today with a view to the projected resale value of your property is vital for achieving capital appreciation. Reviewing accurate, historic price information can help inform your growth projections.
Flat prices in Nottingham
The average flat price in Nottingham was £122,110 in 2021.
Price growth averaged 45.02% for flats in Nottingham for the period 2011-2021.
Terraced house prices in Nottingham
The average terraced house price in Nottingham was £142,519 in 2021.
Price growth averaged 63.84% for terraced houses in Nottingham for the period 2011-2021.
Semi-detached house prices in Nottingham
The average semi-detached house price in Nottingham was £182,770 in 2021.
Price growth averaged 68.43% for semi-detached houses in Nottingham for the period 2011-2021.
Detached house prices in Nottingham
The average detached house price in Nottingham was £282,399 in 2021.
Price growth averaged 116.04% for detached houses in Nottingham for the period 2011-2021.
Nottingham Rental Yields
Researching local rental yield information offers valuable insights into whether a property investment is likely to be profitable.
As of June 2022, Nottingham rental yields ranged between 2.3% and 6.9% (source: propertydata.co.uk).