While there has been a considerable amount of focus on the housing market in recent times, there is no denying there is still significant demand for rental property. If you are looking to invest money in 2021 or beyond, there is a lot to be said for buying to let.
You don’t even need to be a hands-on landlord. Many people are investing in property, and utilising property management services to guarantee them a return on their money. When you own property, you can enjoy short and long-term returns, and at HoldenCopley, we are here to ensure you make a smart decision when it comes to the rental market.
There is no need for a landlord to live close to their rental property. This opens up the rental market, and it makes sense for property investors to look at the options available to them across the country. If you are looking to enhance the return you receive when letting property, you should analyse the entire country.
This is why we are pleased to say Nottingham is ranking highly when it comes to the lettings market.
Nottingham ranks highly in top ten of rental locations
Seven Capital have taken figures from Zoopla, Knight Frank and JLL to create a top ten of the best places to invest in the United Kingdom. Birmingham came out on top, Manchester was second, Liverpool came third and Nottingham was ranked as the fourth best place to invest in the United Kingdom.
This ranking is down to the fact that some places in the city offer a rental yield of around 9%. Nottingham is a more affordable option than Manchester, and is around the same price range as Birmingham.
There is a platform for letting success in Nottingham
There is no denying the two leading Universities located close to the heart of the city is a huge factor in how attractive Nottingham is for property investors. There is also the Queen’s Medical Centre, which is classed as a “super hospital”. 6,000 medical staff are employed here, so Nottingham has a significant platform for employment, which is always a positive factor for investors.
The study lists the average rental yield in Nottingham as 4.66% and the price growth in five years as 16.92%.
This is a great starting point, and we believe Nottingham is perfectly placed to attract investors, landlords and tenants. With strong connections to the rest of England, you don’t have to be local to benefit from demand for local property in Nottingham.
We know there are many great towns and cities around the country to consider. We also know there is a trend that leads people to think people are leaving towns and cities. For some households, a rural lifestyle appeals, but we believe Nottingham has a great deal to offer, and it will remain a place in high demand.
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 by calling us on 01158969800 or emailing steven@holdencopley.co.uk.