Is Nottingham good for buy-to-let landlords?

Is nottingham good for buy-to-let landlords?
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    Considering investing in property within Nottingham?

    Growing your property investment portfolio is an exciting journey. We know because we have over 30 years of experience as property investors ourselves, and we are keen to help other entrepreneurs and small business owners do this too. So, whether you are just starting out or looking to expand your rental property portfolio, then keep reading.

    With a robust rental market, a thriving community of prospective tenants and steady property value growth, Nottingham is a prime location for landlords and buy-to-let investors looking to grow their portfolios. You can expect affordable house prices that bring in higher-than-average rental yields.

    Nottingham is a fast-developing and modern city with a growing population of over 300,000. The vibrant city offers a rich history, dynamic culture, and a healthy job market spanning various sectors, including digital and technology, science, business, and finance. It is home to Nottingham Trent and Nottingham University, making it a bustling student hub, with over 50,000 university students living and studying in the city.

    See our accounting services in Nottingham for more information.

    What is the property market like in Nottingham?

    There are various opportunities for property investors in the Nottingham area, with a diverse range of potential tenants. You have the Nottingham students who enjoy the hustle and bustle of city life, as well as families and young working professionals who can benefit from living and working in and around Nottingham.

    The property market in Nottingham is good, despite the current cost of living crisis and increase in interest rates. It is one of the more affordable UK cities. With the average asking price of houses in the city centre being £166,058 and an average rental yield of up to 8.2%, it is safe to say that the investment opportunities look promising.

    Where are the best places for buy-to-let investments in Nottingham?

    When deciding where in the Nottingham area to purchase your buy-to-let property, you’ll want to do your research and understand which areas will likely provide a good return on your investment.

    Below, we have listed a few appealing places to start your Nottingham property investment.

    Nottingham City centre

    Nottingham city centre has many great reasons for venturing into a buy-to-let investment. Firstly, it is at the heart of Nottingham, just north of the River Trent, meaning you have easy access to all surrounding areas. It has many attractive amenities, including the Lace Market, Theatre Royal and Royal Concert Hall, and various restaurants.

    The city centre is a thriving place for students and young professionals, with great job opportunities and access to various public transport networks, including the Nottingham Express Transit (NET), which takes you through Nottingham city centre and beyond. Nottingham Trent University sits just outside the city centre, adding to its popularity among students as an area to live and socialise.

    The average rental yields are fairly high here, as young professionals look for homes close to the city centre for easy transport and job opportunities.

    Beeston

    Beeston is situated south of Nottingham and is an ideal place for buy-to-let property investors looking to make a purchase. This small hub on the outskirts of Nottingham offers a mix of green spaces, local shops and employment opportunities, including the Nottingham Science Park.

    With close proximity to the University of Nottingham and excellent transport links, you may benefit from the demand for student accommodation.

    Long Eaton

    Long Eaton is a small town on the outskirts of Nottingham, close to the M1 and East Midlands airport. It is an ideal area for people looking to live close enough to the city and have easy transport access. It is surrounded by green spaces and nature, with popular nearby attractions, including the Attenborough Nature Reserve.

    West Bridgford

    West Bridgford is a sought-after suburb of Nottingham, offering a safe choice for your next buy-to-let investment. Known for its leafy avenues, good schools, and close proximity to modern amenities and attractions, it is an ideal place for families and professionals seeking a high-quality lifestyle.

    North of Nottingham

    While we have focused on the lower areas in Nottingham, there are plenty of places throughout the north of the city, including Hyson Green, Woodthorpe, Arnold and Bestwood Village.

    At Archimedia, our expert accountants in Nottingham can support you with all your accounting and tax requirements for your next buy-to-let investment.

    Reasons to invest in Nottingham property

    Nottingham is a great location for beginning or growing your buy-to-let investment portfolio. With a bustling city centre and serene towns and villages on the outskirts, Nottingham offers a true mix for everyone – appealing to a wider pool of potential tenants.

    Strong rental market

    With a large student population, a growing economy, good transport links, and affordable house prices, Nottingham has a strong rental market with high demand and low supply.

    Broad Marsh Green Heart set to transform Nottingham city centre

    The development of Broad Marsh Green Heart could see your property investment soar, with plans to create a wildlife-rich area in the city centre. This new sustainable development project aims to provide more green and wetland spaces, offering tourists and residents a peaceful break from everyday city life.

    If you are thinking of buying an investment property in Nottingham, then get in touch with our property accountants. The Nottingham property market is looking promising, and with the exciting developments currently in progress, now may be the best time to invest!

    Useful reading: What tax deductions can I claim on my investment property

    Need a property or landlord accountant in Nottingham? Get in touch

    At Archimedia, we have over 30 years of tax and accounting experience, along with over 30 years of experience growing a successful property investment portfolio.

    As successful Nottingham-based accountants, we are best placed to help you on your buy-to-let investment journey in Nottingham. We can help you understand the best locations to purchase a buy-to-let in Nottinghamshire and average property prices.

    We can help you with all accounting and tax support for your rental properties.

    Contact us today at 0115 922 6282 for some friendly advice.

    Sources:

    Chris Demetriou

    Chris Demetriou

    Chris is Head of Business Advisory​ at Archimedia Accounts and is a specialist in tax. For more advice book a FREE consultation:

    Contact Chris

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