Fountain Lofts - luxury apartments in the emerging location of Digbeth
Let us help you secure buy-to-let property in Nottingham to ensure unrivaled passive income.
As an award-winning investment consultancy, BuyAssociation is dedicated to providing our community of investors with property-based products sourced directly from leading developers in the UK.
We connect investors and developers at the primary stages of development projects, securing exclusive discounts through our group buying power. Our careful approach to acquiring investment opportunities grants our clients access to high-quality, lucrative developments before anyone else. We work closely with developers both regionally and internationally, and some of the locations we focus on include Manchester, Leeds, Stockport, Salford, Liverpool, Birmingham and Nottingham.
By turning to BuyAssociation, you can expect to benefit from a smooth, streamlined and straightforward investment process. To talk to us about acquiring strong investments, get in touch today.
Nottingham is one of the UK’s most centrally located cities with easy access to key destinations across the country. The area is known for its affordable house prices coupled with its wide range of amenities, retail and dining options and entertainment district, while the city’s two universities attract thousands of students every year.
The area is thriving in terms of employment opportunities, high quality and low cost housing, strong rental market and high numbers graduates and young professionals. It is a popular area for property investment for these reasons, with plenty of opportunities for investors to choose from.
As an investment location, Nottingham makes perfect sense in terms of its proximity to the rest of the UK. With trains to London taking as little as one hour and 40 minutes, while trains to the Northern Powerhouse city of Manchester take less than two hours, it is one of the most central locations in the country. When the proposed HS2 rail link comes to Nottingham, it will shorten journey times to London to just 52 minutes.
Within the city, Nottingham has an award-winning integrated transport system including bus, tram and rail services, which are hugely popular with the city’s young professionals and students in particular. It means that many people commute from the outer suburban areas of the city.
By road, the M1 which runs the length of the country down to London sits just outside Nottingham. The city is also served by East Midlands Airport less than half an hour from the centre, offering both national and international flights.
In early January 2019, Nottingham City Council announced its intention to become the UK’s first carbon neutral city by 2028, on the back of its success in reducing its overall carbon footprint by a quarter by 2020. By utilising smart technologies, the city hopes to offset its carbon emissions ahead of the rest of the country, and as the general public becomes increasingly environmentally aware, this could be a key driver for growth in Nottingham.
The council has already invested in a range of hydrogen and biogas buses across the city, while its trams are run on 100% renewable power. There is also a successful cycle hire scheme along with bike storage hubs.
The latest Zoopla data lists the average Nottingham home at £205,351 (February 2020). Having cheaper starting points is a major attraction for property investors, while also enticing first-time buyers as a way onto the property ladder.
As a result, yields tend to be relatively high in the city. In NG1 average yields are currently around 4% according to Totally Money (2019), while in NG6 they are an impressive 7%, which is well above the national average.
Further to this, the latest Savills house price forecasts predicts property prices in the East Midlands will achieve 18.2% compound growth over the next five years.
The University of Nottingham attracts more than 44,000 students every year, while Nottingham Trent brings in more than 26,000, according to the most recent data. As a result, student buy-to-let is extremely successful for those investors who wish to explore this option, while those who prefer a professional tenant can take advantage of the 29% graduate retention rate in the area.
Young professionals have long since been attracted to the city due to its wide range of job opportunities. Nottingham’s affordability is a major draw for young people looking to rent in the area, with the city centre as well as the suburbs surrounding it all bringing in large numbers of potential tenants – many of which have left London in search of a higher quality of life.
A number of regeneration projects are taking place in the city, including a £250m southside investment that will completely transform that area of Nottingham. The investment is expected to encourage the spread of further regeneration across the city as it increases its appeal to outside investors.
New homes, office space, a hotel, retail units, a park and community space will all be added to the former Boots Island site, bringing thousands more residents and jobs to the area. As the region improves, house prices can be expected to remain strong for homeowners and investors.
At BuyAssociation, we source investment opportunities by conducting significant research on data and statistics, market forecasts, average property prices, economic growth and tenant demand. By paying attention to exciting locations with endless opportunities in industry and property, we can acquire developments that will maximise property portfolios. It is crucial as a property investor to focus on locations with strong metrics and positive forecasts.
Whether you are a first-time investor or an experienced property buyer, the following primary factors should always be considered when searching for advantageous investment property:
Taking into account the intended value of your property once it comes to reselling is vital for achieving capital appreciation. As part of your location research, take a look into the significantly higher valued homes and where they may be placed across the city. You want to ensure that the price you pay for a property is worth exactly what you pay, factoring in any additional costs such as requirements for renovation, property taxes and maintenance.
City centre living is popularising in many key cities across the country. For this reason, many tenants are willing to pay a high rental cost for the convenience of living in a central area in close proximity to universities, businesses and retail. By researching the average rent charges of different locations of interest, you will be able to accurately estimate the rental costs you should be charging. Similarly, it is essential that the location you pick has constant rental demand in order to avoid void periods and loss of income.
Investing in a prime area predicted for strong future growth is crucial to your decision making. By analysing the forecasts for population and economic growth, you should be able to narrow your search. As an increase in population occurs, the demand for housing correlates, leading to an even larger increase in investment opportunities.
Many of the UK’s biggest cities have transformed into specialised business hubs for a variety of sectors. By looking into the prospects for careers and upcoming jobs in different areas, you should gain an understanding of how likely people are to move to that location. Most of the UK’s thriving cities are also prominent for business, meaning that a rise in population is inevitable where people wish to relocate to advance their careers.
Our property investment company is committed to granting our investors access to developments in the UK’s most desirable locations and offering helpful and honest advice. From luxury accommodation to New York-style apartments, the possibilities are endless when working with a consultancy that focuses on diversity and trends. Our forward-thinking approach ensures the ongoing deliverance of remarkable discounts, helpful property advice and a streamlined investment process from start to finish.
Once your investment has been secured, we smoothly hand over to the vendor, enabling you to finalise your investment hassle-free. We make it our mission to keep a comprehensive paper trail of each step of the process, offering the reassurance you deserve to feel comfortable and confident in your investment. We understand that everyone’s investment journey is different, which is why we do things differently at BuyAssociation. If you’re an investor looking to build your portfolio and want to benefit from our bespoke services, contact us today on 0333 123 0320.
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