Latest off-plan development opportunity in Nottingham

by Jason Howard - Property Investor Partnership

9:34 AM, 9th June 2019
About A year ago

Latest off-plan development opportunity in Nottingham

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Latest off-plan development opportunity in Nottingham

PIP is delighted to present our investors with this amazing opportunity to invest in Nottingham. This early-bird, off plan investment opportunity is ideally positioned close to the city centre of Nottingham and is made up of luxury one-bed apartments. We have managed to secure our clients the best units for the fantastic price of £104,995, with yields of up to 6.6% – the price even includes a parking space!

You may be wondering; why Nottingham?

Nottingham hits the top slot as UK’s best buy-to-let investment city! Well, it is joint first but it is still good news for investors. It joins its rival Liverpool at the top of the list of best performing investment locations, with an average 6.2% yield, once mortgage cost are taken into account.

This is all no surprise as Nottingham has recently embarked on an exciting period of economic regeneration to its city centre. The ‘Southern Gateway’ is a £250m scheme, encompassing a remodelled shopping complex to a revamp of the city’s train station. Already the scheme has expanded Nottingham’s award-winning tram network means visitors can get around easily. This only adds to the £1bn which has already been invested in Nottingham’s infrastructure.

Adam Kingswood, the director at lettings firm Kingswood Residential in Nottingham, said: “Because of the shortage of property and more tenants moving to the area – those being drawn to our two excellent universities, hospitals and big employers like Boots, E.ON and Experian – rents are being driven up. There are not enough houses compared to tenants.”

Hometrack states that Nottingham is in the top 5 highest growth rates of UK cities, with the highest growth of 5.9%!

The build is currently anticipated to complete approximately Quarter 1 2021, however this could be subject to change as the build progresses.

For more information on these properties and information on how to invest, get in touch today using the contact form below – we would love to hear from you!

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