Best areas to invest in property in Nottingham

Looking to invest in Nottingham for maximum ROI and rental yield benefits? Discover the top buy-to-let and rent-to-let property investment opportunities available in Nottingham today.

Best areas to invest in Nottingham

1. City Centre (NG1)

Nottingham’s City Centre (NG1) is a prime spot for property investment, due to its high rental yields and ongoing regeneration. Investors are drawn to the area for both rental income and capital appreciation.

• Housing: Mix of modern apartments and converted historic buildings; mid to high-range prices
• Amenities: Diverse shopping at  Victoria Centre, restaurants, bars, Theatre Royal, Nottingham Castle
• Transport: Excellent bus and tram connections, Nottingham Station for rail links
• Notable: Heart of the city with strong rental demand; ongoing regeneration projects enhancing property values

2. Lenton

Lenton in Nottingham is ideal for property investment, especially near the University. It’s a popular area for student accommodation and offers strong opportunities in Houses in Multiple Occupation (HMOs).

• Housing: Victorian terraces, purpose-built student accommodation, some modern developments; affordable to mid-range prices
• Amenities: Savoy Cinema, local shops, Lenton Recreation Ground, proximity to the University of Nottingham
• Transport: Frequent bus services, tram stop at nearby Gregory Street
• Notable: Popular student area with high rental yield potential; some parts undergoing gentrification

3.NG6 (Bestwood Village, Bulwell, Old Basford)

NG6, covering Bestwood Village, Bulwell, and Old Basford, is a top choice for buy-to-let landlords in Nottingham, with great transport links and local employment options.

• Housing: Mix of council estates, terraced houses, and some new builds; generally affordable prices
• Amenities: Bulwell Riverside Centre, Bulwell Market, Bestwood Country Park
• Transport: Tram stops in Bulwell, regular bus services, train station in Bulwell
• Notable: Up-and-coming area with regeneration efforts; potential for capital growth as improvements continue

4. West Bridgford

West Bridgford offers strong property investment potential in 2024, characterized by an average rental yield of 7.17%. Its status and proximity to Nottingham City enhance its appeal to buy-to-let investors.

• Housing: Mix of Victorian homes and modern developments; mid to high-range prices
• Amenities: Trent Bridge cricket ground, Central Avenue shops, restaurants, and cafes
• Transport: Regular bus services to the city center, easy access to A52
• Notable: Affluent suburb with excellent schools; popular among families and professionals

5. Beeston

Beeston is emerging as a prime investment location in Nottingham for 2024, due to its excellent transport links ongoing regeneration, and growing popularity among families and professionals, also average rental yield is 6.58% which makes it a good opportunity for buy-to-let investors.

• Housing: Victorian terraces, interwar semis, and new developments; affordable to mid-range prices
• Amenities: Beeston Square, University of Nottingham nearby, diverse shopping and dining options
• Transport: Tram line to city center, train station, good bus network
• Notable: Student rental market due to university proximity; ongoing regeneration projects

What is the average rental yield in Nottingham?

The average rental yield in Nottingham is approximately 4.4%, based on data from propertydata.co.uk. The highest rental yield recorded is 8.0% in the NG1 postcode district, while the lowest is 2.9% in the NG23 postcode district.

Contact Pluxa Property to explore all property investment opportunities in Nottingham

Pluxa Property, the leading property investment firm in the UK, can help you explore lucrative opportunities in the Nottingham market. 

With over 10 years of expertise, we offer a wide range of services, including:

• Rent to serviced accommodations
• BRRR investments
• Buy to serviced accommodations in UK

Our team of experts can assist you in finding the right property, negotiating the best terms, and implementing effective management strategies to maximize your returns.

👉 Contact Pluxa Property today to start your property investment journey in Nottingham.

FAQs About Nottingham

Is Nottingham a good place to invest in? 

Yes, Nottingham is an excellent place to invest, with its innovative, forward-thinking, and fast-growing business environment. The city is home to major brands like Experian, Boots, and Capital One, as well as a new generation of creative enterprises. Nottingham offers financial solutions, access to a vast talent pool, low operational costs, and various premises to cater to businesses of all sizes. 

What is the average monthly private rent in Nottingham?

As of June 2024, the average monthly private rent in Nottingham has risen to £915, marking a 9.8% increase from £833 in June 2023. This growth outpaces the overall increase in the East Midlands, which saw a 9.3% rise during the same period.

Is Nottingham a good place to rent?

Yes, Nottingham is a good place for rent-to-let investments. The city boasts a large student population, with over 60,000 students across two universities, creating a steady demand for rental properties.

What is the estimated payback period for rent to rent in Nottingham?

The estimated payback period for Rent to Rent in Nottingham is approximately 6-9 months, according to Pluxa Property. This timeframe is based on typical market conditions and investment strategies in the area.

How much initial investment do you need to invest in Nottingham for rent to rent?

Investing in a rent-to-rent deal in Nottingham through Pluxa Property requires an estimated initial investment of £10,305. This could generate an estimated monthly profit of £918, leading to a total profit of £33,037 and an impressive ROI of 405%.