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.

 

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.

Population Trends

Major Employers

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.

Graph of Flat Prices In Nottingham

Flat prices in Nottingham

Flat prices in Nottingham source: UK House Price Index
Year 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
Average Price 101,495 95,028 84,439 84,205 81,962 81,713 81,528 87,913 92,223 98,358 107,324 111,349 112,348 116,655 122,110

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.

Graph of Terraced House Prices In Nottingham

Terraced house prices in Nottingham

Terraced House prices in Nottingham source: UK House Price Index
Year 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
Average Price 99,171 93,647 84,011 86,987 84,113 85,193 85,944 94,019 98,554 105,322 112,318 119,268 122,676 131,290 142,519

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.

Graph of Semi-Detached House Prices In Nottingham

Semi-detached house prices in Nottingham

Semi-Detached House prices in Nottingham source: UK House Price Index
Year 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
Average Price 122,731 116,110 104,528 108,514 105,608 106,707 107,918 118,290 124,654 134,081 143,929 153,327 158,081 169,105 182,770

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.

Detached House Prices In Nottingham

Detached House prices in Nottingham source: UK House Price Index
Year 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
Average Price 144,433 137,793 124,677 130,715 128,193 127,983 129,569 141,276 150,322 207,003 222,732 236,092 242,540 259,048 282,399

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).

Data Sources

Property prices are from House Price Index Reports published by HM Land Registry.
Rental yield data is from PropertyData . Population data is from CityPopulation.
Peter D Doherty

Peter D Doherty is the founder of the Property Investor Academy.

A Masters graduate in accounting and finance from Dublin City University, Pete worked in the City of London for 14 years. He held senior finance roles (Financial Controller) in several substantial UK commercial banks. He is a graduate of Macquarie University.

With over 10 years property investing experience, he is the owner of a London based lettings agency as well as proptech consultancy. He regularly contributes to online landlord forums such as Propertytribes and Reddit.  Peter is a member of National Residential Landlords Association (“NRLA”).

https://uk.linkedin.com/in/peter-doherty-tal
Previous
Previous

Blackpool Property Investment | Our Essential Guide

Next
Next

Northampton Property Investment | Our Essential Guide