Up and Coming Areas in Nottingham – Nottingham Investment Areas
Nottingham has a great reputation for being a vibrant city with plenty of history and character, and this is largely down to its diverse range of areas. It is important to note that the three most popular locations in which gentrification is occurring is Hyson Green, The Meadows and Sneinton. This means that these places show excellent potential when it comes to investing in houses or flats. Another great place to invest further out from the city centre is Aspley (North), Bells Lane (top end) and Beechdale (West)
The city of Nottingham is incredibly popular, especially with young professionals who are looking to invest in property for the first time. This popularity has caused prices to rise rapidly, so it’s important that you take your time when considering where to invest in Nottingham.
The Nottingham housing market has seen a period of unpredictability and some rapid change in recent years. The economic downturn, government austerity measures, and changes to the planning system have contributed to lower prices, which many new buyers see as an opportunity for investment. At the same time, not all areas of Nottingham are beneficial for property investment. In this article, we look at the best areas to invest in within Nottingham city. Of course, the best buy to let areas would be the locations that would bring best returns on property investment
Nottingham has a lot to offer in terms of investment opportunities. Whether you are looking for large building plots or apartments, Nottingham offers a variety of choices at different prices so you can get the best deal possible.
Best Places to Live in Nottingham and Best Places to Invest
Here is a list of the best areas to consider when investing in property in Nottingham:
Nottingham City Centre:
Transportation links include the tram system, train station, bus station and international airport. Nottingham is a city that has undergone significant regeneration over recent years. As well as changes to the planning system have contributed to lower house prices, many new buyers are seeing this as an opportunity for investment in homes in Nottingham. Currently, the market is hot and many properties are selling for higher than the asking price.
There is a range of property to choose from and whether you’re looking for a smaller apartment or a larger family home, we will have something to suit. Prices vary so it’s important that you do your research before investing to ensure that you buy at the right price. Here are our best areas in Nottingham where buyers can invest:
Lenton:
Located near University Park and about 10 minutes drive from the city center, Lenton is one of the most popular places to live in Nottingham. With the city only being 15 minutes away and with its proximity to Uni it makes perfect sense that students would want to invest here. There has been a lot of development recently which has led to an increase in housing surrounding Lenton meaning less demand but if this isn’t enough driving through the area will show you plenty of properties that have been renovated.
Radford:
Although not as popular as Lenton, Radford is a much cheaper alternative with similar benefits. It’s about 15 minutes outside the City Centre and again it has great transport links to Nottingham. This means students would find it easy to commute yet far enough away to avoid any noise disturbance in the evenings when trying to study or sleep. There are also many rental opportunities here providing an added bonus for investors.
Arboretum:
Nottingham has two main universities, Nottingham Trent University (NTU) and The University of Nottingham (UoN). While both are spread out over several areas, everyone knows where NTU is located – close to the City Centre. This makes investing here attractive considering students are willing to pay more in order to live close to where they study or work. Not only that but there are many rental opportunities in this area too providing investors with the perfect combination of high yields and security.
Lady Bay:
There are still areas in Nottingham that have low house prices despite being located in very desirable locations. Lady Bay, for example, is a great location north of the River Trent providing great views across the water yet still remaining within easy reach of all amenities, buses, trains, and more importantly – universities. NTU is situated near Lady Bay making it one of the most sought-after student areas within Nottingham. The main University of Nottingham is also situated in the Arboretum, which is another great location for investors.
Old Market Square:
Old Market Square has become a very desirable place to live in over recent years and it’s not difficult to see why. Located in the heart of Nottingham city center, this area offers both convenience and luxury allowing you to be able to walk everywhere. There are many bars, pubs, and clubs located here too so if partying is your thing then look no further than Old Market Square. For those quieter nights out at restaurants and cafes, there are plenty of these too all within easy reach providing an array of cuisine from around the world. Plus there’s always Broadway Cinema for that film!’
The Meadows:
This area has become desirable as house prices here remain affordable compared with other locations within the city centre yet people can still benefit from all the amenities on offer such as local shops, restaurants and even the River Trent itself which runs through The Meadows down to Hockley.
West Bridgford:
Another very popular area for students, West Bridgford has become increasingly popular recently due to the large number of quality new arrivals being built. Prime locations are available on all roads with close proximity to both universities. As well as this, there is a wealth of amenities offered on your doorstep which include Waitrose, Iceland, and B & M just outside West Bridgford.
Beeston:
Beeston has always been student central offering plenty of bars and clubs on just about every street corner. The area itself isn’t half bad either, boasting an array of restaurants, cafes, and shops all within walking distance from the city centre too making it pretty good for partying! A great example would be Beeston’s High Road which boasts many pubs, clubs, and restaurants all within walking distance of one another. However, if you are looking for a quieter, more family-orientated area then I would recommend Chapel Bar which is very close to Beeston.
Wollaton:
Located close to the University of Nottingham (easy access for prospective students) this area has lots to offer including Victoria shopping centre, Trent uni gym, lots of convenience stores and of course Wollaton Hall . It may be out of the city centre but there is a great bus service that can get you into town quickly if needed. To conclude, I’d recommend all three areas as great places to invest in and all have something unique and different to offer. You can’t really go wrong…unless you bought a house with an unruly tenant!
Jusco, PureGym, Nandos, The Little Bakehouse & Morelli’s Gelato
Gedling:
Gedling is the first village you come across on the way out of Nottingham towards Ilkeston; it’s known as one of Nottingham’s villages full of character. The area has lots of large Victorian family homes that have recently been attracting more affluent buyers who want something different from the standard terraced house found in most areas of Nottingham. With trains into central Nottingham available at Gedling Station every ten minutes until midnight, commuting has been easier. Furthermore, there are good road links in the area with the A610 making commuting to other areas easy. As well as superb transport links, Gedling has so much more to offer for people who want value for money in their property purchases. The area is known for its high-quality housing stock and large family homes present in the village of Gedling. It’s also very close to Mapperley Wood Nature Reserve which is another attraction that attracts people to this area.
Basford:
A great location with excellent transport links including direct bus routes into Nottingham City Centre or further afield such as East Midlands Airport (EMA). Access to local amenities including shops, restaurants, pubs, and bars. Basford is close to the city centre but prices are already catching up with Nottingham City Centre prices so an investment here will give good capital appreciation in the medium term.
Bestwood:
Estate agents seem to be quite bullish about this area of town which is great news for investors who want to take advantage of this market trend while it lasts. The price tag attached to properties on this estate is still affordable compared to the rest of Nottingham however demand seems strong which may push property prices upwards in coming years.
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