Even if you have lived in Nottingham for many years, if you plan on entering the buy-to-let market, you need to carry out research. Your budget, the type of tenant you want to cater to, your ambitions and even the level of work you want to carry out are essential factors in choosing the best area to buy-to-let.
At Holdencopley, we are pleased to say we are letting specialists in and around Nottingham, and here are some of the best areas in Nottingham for buy-to-let.
West Bridgford
With open spaces, fantastic schools, leisure facilities and some of the leading sports grounds in the entire country, it is fair to say there is significant demand for rental property in West Bridgford.
This is the higher-end of Nottingham life, ideal for landlords looking to reach the premium end of the rental market. Properties in this part of the city are more expensive, but there is a significant return on offer. Rental property in this part of Nottingham doesn’t stay on the market for too long.
Nottingham City – Hockley / The Lace Market
This is an area with considerable history, but it is the benefits of contemporary city centre living which make it so appealing. Young professionals looking to stay close to their work, and the best nightlife and shops will appreciate this area of Nottingham.
Therefore, there is a significant demand for rental property here, with a thriving demographic.
Lenton
The student demographic remains the backbone of any rental market, and Lenton, located to the west of the city centre, is ideal for landlords looking to reach University of Nottingham students. With plenty of bars, restaurants and cafes nearby, this is a lively area, and the student population ensures there will always be demand for rental property.
Mapperley
Mapperley, Mapperley Plains and Mapperley Park are all found in the overall area of Mapperley, all unique in their rights, and all popular. This is a part of the city which is appreciated by families and working professionals.
This is a growing area of the rental market, and landlords looking to place families into their rental property will find this to be an attractive area of the city.
The Meadows
The Meadows is well situated, and there is a significant level of demand for rental property. The price of rental property in this area is more affordable than many parts of the city, although rental fees here remain in close contact with fees in other parts of the city.
Therefore, landlords looking to maximise rental income without spending a considerable sum of money on buying property should consider The Meadows.
Located close to the River Trent, West Bridgford and Nottingham City Centre, the Meadows is also a trendy area for renters to live.
Arnold
A bustling market town, Arnold provides something different from many of the other areas of Nottingham, but it has a range of amenities and facilities that make it worth considering. For families, it is worth noting Arnold is within the catchment area of a selection of well-regarded primary and secondary schools.
Arnot Hill Academy, Redhill Academy and Christ the King Catholic School are examples of the local education options. The area also benefits from a dependable public transport system, as well as leading supermarkets and a broad selection of shops around the High Street area.
You’ll hopefully see Nottingham is a diverse city, with a lot to offer. This is great for people looking to move to the area, but it is also of interest to landlords. If you have a preferred type of tenant in mind, you’ll find a part of the city which appeals to them, helping you meet your buy-to-let goals.
We offer property management, property to rent and property for sale in Arnold, Woodthorpe, West Bridgford, Hucknall, Carlton, Wilford, Mapperley and throughout the Nottingham area. If you would like to arrange an appointment to help you negotiate the local buy-to-let market, please contact Holdencopley today.