Nottingham : one of the top places to live and invest
As any good estate agent in Nottingham will tell you, Nottingham is famous, among other things, for its links to the Robin Hood folklore. Nottingham is well connected, providing transport links for both the road and rail. Nottingham can be accessed by the M1 motorway and East Midlands Trains, CrossCountry, Northern Rail and the Robin Hood line.
When it comes to the best place to invest in property and find houses to sell, Nottingham comes top. The city has taken on joint first position rivals Liverpool as the UK’s best performing property investment location. Liverpool and Nottingham came joint with average rental yields of 6.2 percent once mortgage costs are taken into account.
The latest edition of Private Finance’s buy-to-let (BTL) hotspots analysis reveals that while Liverpool has retained its position since May 2017 – despite lower rental yields due to falling rental prices in this area – Nottingham has moved up from second position following a £121 increase in average monthly rents.
A 2013 study by HSBC revealed that Nottingham provides landlords with one of the best rental yields in the country. Because the average house for sale price in Nottingham is £83,313, and the average monthly rent of a house to rent is £524, landlords can enjoy a rental yield of around 7.55% before tax.
Though some areas of the UK sometimes offer higher rental yields, the house markets are a lot more volatile. However, the prices of the real estate in Nottingham do not fluctuate much, making it a safe and profitable investment for landlords.