Could Nottingham’s Property Market Be The Next Boom Town?
Nottingham’s property market is traditionally buoyant, providing a resilient option for local investors as well as investors from other parts of the country.
With inventory in key areas such as Beeston, West Brigford and Mapperley becoming limited, prices are already beginning to rise, with some experts expecting a sharp rise in 2019.
As well as the well-known areas, local estate agents, Ogilvy and Sneyd have given us the low-down on some of the areas further afield to look out for.
Please note that the following does not constitute investment advice, it is merely opinion and you should do your own due diligence prior to any investment decisions.
Beeston is a hugely popular town, with strong transport connections to the city centre (a whole 6 miles away!) as well as the University, it’s little wonder that demand is always high for properties in Beeston.
Some key areas to look out for include Grove Avenue, Park Road as well as the hugely desirable Beeston Fields Drive.
As well as the ‘posh’ areas, there is plenty of potential in some of the roads close to the University and these properties can make an excellent investment for rental.
Long Eaton is slightly further out, nestled between Nottingham and Derby. There are regular buses and trains to and from the two cities and some excellent bargains to be had.
As well as this, it’s a short journey from Long Eaton to the airport, with all of the employment opportunities this brings. The prices in Long Eaton are on the rise.
Particular areas to look out for include Sawley and the area around Trent College.
If you’re looking to buy or sell a property in Long Eaton, visit Ogilvy and Sneyd and we’ll be happy to assist.
Stapleford and Sandiacre offer some tempting prices when compared to areas such as Beeston and West Bridgford and these are still areas where you can get a lot of house for your money.
Both areas offer a strong market when it comes to sales or lettings thanks to large local employers and their prominent location between Nottingham and Derby.
Although Bramcote tends to be a bit pricier than Stapleford and Sandiacre, it still offers some excellent investment opportunities with large houses closely located to Derby Road, offering a fantastic location for commuters.
Inventory in Bramcote does tend to be constricted however, so prices can be relatively high. This is why the area makes for a fantastic long term investment opportunity.
The Market Overall
Overall we’re seeing a buoyant market at the moment, with people eager to upsize their homes and build out their property portfolios.
We expect the market to continue its rise, despite concerns surrounding Brexit.