Following on from the BBC’s report this morning which stated ‘The East Midlands’ as the best place to invest in property outside of London…
I thought I would highlight some of the best areas in Nottingham to invest your money for both yield and capital gain
The Castle Marina and particularly the Wharf area developments have seen not only consistently strong rental valuations over the years but also combine the perfect mix of long term occupancy and high standard tenancies which in turn ensures low maintenance and very little exiting refurbishment requirements.
The proximity of this development to the QMC Hospital, Train station. and easy access by foot to the City centre all present great investor opportunities and tenant demand.
Carlton square in Nottingham is another one of our high yield and high tenant demand areas. Employment links to the Colwick industrial estate and convenience to shops, supermarkets together with the increased investment into Victoria retail park has all had a positive effect on this areas upturn.
Hucknall is an area that suffered significantly during the recession. In the most part this was due to the closure of a number of large business and the redundancy of its employees, however this also had a knock-on effect to the high street and its towns population.
However with its resent tram link to the city and planned pedestrianisation of the town centre, numbers are increasing at a high rate whilst property prices remain relatively low in comparison. There is also lots of new build investment which is regenerating the peripheral areas and keeping the older town centre property prices low to offer a great return on investment. Additional benefits of a great leisure centre and easy access to junction 27 of the motorway are also contributing to this areas investment opportunities.
Kimberley is another area of Nottingham that has remained a strong investment proposition with mid 1920’s character properties being the most highly sought-after – but interestingly this area also offers properties with larger gardens than commonly found with properties of this type creating a particular draw to the area. Employment links to Ikea and the Guiltbrook retail area has also added to the popularity of this area of Nottingham
Daybrook in Nottingham is my tip for the best in capital gains. Sandwiched between the leafy areas of Woodthorpe and surrounded by park land such as Arnot Hill & Woodthorpe Grange. Daybrook benefits from it all that Sherwood has to offer with its bohemian style eateries, cafe’s and bars. Together with its close proximity to City hospital and recent local area investment from Sainsbury Lidl majestic wines etc… 3 Bed tree lined avenues of Ribblesdale, Ennerdale & Bedale roads look prime for capital gains
