The best areas in Nottingham for buy to let investments can help investors to embark on a worthwhile investment journey. Find out more in this article!
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The best areas in Nottingham for buy to let investments can help investors to embark on a worthwhile investment journey. Find out more in this article!
- Last updated January 31, 2024
Key Takeaways
- Investing in real estate in Nottingham is a lucrative business idea as it offers attractive opportunities that can help investors secure a good return on investment.
- By making use of the Airbtics analytics tool, we could find the best top places for buy to let properties in Nottingham. We also feature their recommended property types, estimated annual income, rental yields, and more Airbnb data.
Introduction
Located in the East Midlands, England, we can find the historical city of Nottingham which is surrounded by beautiful landscapes conformed by the Sherwood Forest and the Trent and Belvoir Vales. This city is renowned for its rich history, cultural legacy and its historic association with the legend of Robin Hood.
Apart from its stunning surroundings and fascinating history, we must also mention that the Nottingham real estate market is one of the city’s strengths as it offers plenty of opportunities for investors. In fact, if you’re looking for the most profitable locations for Airbnb investments in the UK, you’ll be pleased to know that Nottingham stands out as one of them.
If you’re thinking about investing in short-term rentals in Nottingham, UK, then you certainly will want to know where are the best locations to set up an Airbnb listing. Additionally, it’s always a good idea to define clear and specific goals from the outset to ensure your investment success.
In this article, we feature the best buy to let areas in Nottingham as well as some of the main reasons why you should consider investing in a rental property in this city. If you’re eager to learn more about this market, we encourage you to keep reading!
Why should you consider investing in the Nottingham real estate market?
Owning investment properties in Nottingham may sound like a great way to make a good return on your investment, but it’s essential to research the market carefully. For this reason, it’s important to know what kind of advantages the rental market of your target city can offer to real estate investors.
Make sure to check out some of the reasons why a real estate investment in Nottingham can be a profitable idea:
Strong rental market
There’s a consistent demand for rental properties in Nottingham due to the city’s rising population, low unemployment rates and educational opportunities. Since Nottingham is home to some of the UK’s leading universities and has a thriving visitors market, so investors can expect greater student and tourist lettings markets that ensure a steady income stream to tenants.
We must also mention that Nottingham offers a high rental yield for buy-to-let properties. Thus, investing in real estate in Nottingham can open the doors to a gratifying and profitable experience for investors.
Booming economy
Nottingham is known for its thriving economy with a wide range of industries such as financial & business services, healthcare, logistics, manufacturing, tourism and creative sectors. Moreover, many multinational companies are settled in Nottingham. Thanks to its strong economic situation, the city offers a plethora of job opportunities that attract professionals, which also helps to create an increasing demand for real estate.
Great quality of life
Another advantage of investing in real estate in Nottingham is that you can easily enjoy the best living conditions! Nottingham is known for its prestigious universities, its abundance of green areas, and an efficient transport system that provides easy and convenient access to residents and commuters alike.
Furthermore, Nottingham’s cost of living is fairly affordable compared to other major cities in the UK. This means that aside from expenses like groceries and transportation, the property values are relatively lower as well. According to the Rightmove platform, the average house price in Nottingham is currently at £256,411.
A fascinating city to explore!
Nottingham is a city that offers something for everyone. It provides locals and visitors with a wide range of cultural and recreational amenities like museums, art galleries, theaters and striking green areas like Wollaton Park. Of course, we can’t forget to mention that this city is also famous for its association with Robin Hood and his legend, so if you’re someone who loves stories, then this city is certainly for you.
Is Airbnb profitable in Nottingham?
If you’re aiming to invest in the Nottingham rental market, you will like to know that this city is one of the top profitable Airbnb locations in the UK, so you can already have an idea that short-term rent can be a success here.
If we dive a little more, we can find that Airbnb hosts can earn an average revenue of £32,985 with a median occupancy rate of 92% for operating a 1-bedroom apartment in Nottingham as confirmed by Airbtics profit calculator.
Aside from the level of profit that a listing can generate, it’s also essential to learn about the Airbnb regulations in Nottingham if you’re aiming to become a host in this city. Knowing the specific rules will help you run your business efficiently while avoiding any legal issues.
Source: Airbtics Dashboard
Best Areas for Buy to Let Investment in Nottingham
Considering that each neighborhood generates a different level of profitability, it can become a tedious task to choose the right rental market in Nottingham to list your property. You may already imagine how time-consuming this step can be. But, this research can be less overwhelming if you take advantage of reliable analytics tools that are available, like Airbtics.
Don’t miss out on the best part! Go ahead and check out the top Airbnb areas in Nottingham to invest in short-term lets:
Best Area | Number of Airbnb Listings | Best Number of Bedrooms | Median Property Price | Airbnb Annual Revenue | GRY |
---|---|---|---|---|---|
Beeston | 91 | 3 bedrooms | £325,000 (3 BR) | £31,122 | 9.58% |
Mapperley Park | 46 | 2 bedrooms | £200,000 (2 BR) | £29,858 | 15% |
West Bridgford | 77 | 1 bedroom | £165,000 (1 BR) | £28,150 | 17.1% |
Arboretum | 90 | 2 bedrooms | £170,000 (2 BR) | £26,294 | 15.47% |
City Centre | 334 | 1 bedroom | £140,000 (1 BR) | £23,933 | 17.1% |
Radford | 56 | 2 bedrooms | £135,000 (2 BR) | £21,452 | 16% |
St Ann's | 85 | 1 bedroom | £110,000(1 BR) | £20,535 | 18.67% |
Lenton | 37 | 1 bedroom | £90,000 (1 BR) | £19,786 | 22% |
Best Area
Airbnb Dataset
- Total Number of Airbnb Listings: 97
- Best bedroom size: 3 bedrooms
- Median property price (3 bedrooms): £325,000
- Airbnb Annual revenue: £31,122
- Gross Rental Yield: 9.58%
- Total Number of Airbnb Listings: 46
- Best Number of Bedrooms: 2 bedrooms
- Median Property Price (2 bedrooms): £200,000
- Airbnb Annual Revenue: £29,858
- Gross Rental Yield: 15%
- Total Number of Airbnb Listings: 77
- Best Number of Bedrooms: 1 bedroom
- Median Property Price (1 bedroom): £165,000
- Airbnb Annual Revenue: £28,150
- Gross Rental Yield: 17.1%
- Total Number of Airbnb Listings: 90
- Best Number of Bedrooms: 2 bedrooms
- Median Property Price (2 bedrooms): £170,000
- Airbnb Annual Revenue: £26,294
- Gross Rental Yield: 15.47%
- Total Number of Airbnb Listings: 334
- Best Number of Bedrooms: 1 bedroom
- Median Property Price (1 bedroom): £140,000
- Airbnb Annual Revenue: £23,933
- Gross Rental Yield: 17.1%
- Total Number of Airbnb Listings: 56
- Best Number of Bedrooms: 2 bedrooms
- Median Property Price (2 bedrooms): £135,000
- Airbnb Annual Revenue: £21,452
- Gross Rental Yield: 16%
- Total Number of Airbnb Listings: 85
- Best Number of Bedrooms: 1 bedroom
- Median Property Price (1 bedroom): £110,000
- Airbnb Annual Revenue: £20,535
- Gross Rental Yield: 18.67%
- Total Number of Airbnb Listings: 37
- Best Number of Bedrooms: 1 bedroom
- Median Property Price (1 bedroom): £90,000
- Airbnb Annual Revenue: £19,786
- Gross Rental Yield: 22%
Source: Airbtics Dashboard
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- Vital vacation rental data from 40 Markets – Airbnb Occupancy Rate, ADR, Revenue, and Listings! Access 2-year data from June 2021 to June 2023.
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How to Find the Best Locations to Invest in Short-Term Rentals?
Finding profitable rental markets can be a time-consuming task and we know that the investor’s time is valuable. For this reason, taking advantage of the many available resources for property investors to speed things up in this journey is a great way to start.
We recommend visiting real estate forums or doing a throughout research in search engines to see which cities are attracting the investors’ attention in specific countries. This will also help you to sort your list and have a clear idea of which cities to focus on.
In addition, we encourage investors like you to make use of analytics tools to find profitable markets to invest in Airbnb, particularly those that can provide dynamic data.
Imagine being able to explore a city while having access to valuable data that can make things easier for you. Sounds like a dream, right? But it’s possible with Airbtics Dashboard. You will be able to get a reliable dataset that will provide you with metrics such as: average revenue, occupancy rates, nightly rates, seasonality, etc.
But don’t take just our word for it – take a look at Simon, an Airbtics customer, who was led to a new Airbnb market that generated more profitability than his previous one!
Now, you will have complete insights into your target market and can easily monitor its demand. However, if you can’t find your specific market, you can always create your own custom market.
On top of that, you can use filters to find out what type of property offers the most attractive profit in your preferred area. The best part of using dynamic data is that by moving and zooming in and out of your map, the data will also change accordingly.
This process can now be repeated until you decide what type of property would be a good investment in your target city or neighborhood. Compare data between different property types and you find out the option that suits you the best!
Get the most out of your investment with the help of Airbtics
To sum up, it can be seen that Nottingham is a great market to invest in because it has a wide range of property types as well as attractive locations that can offer good rental yields. This can provide a great investment experience for property investors who ar looking to list their properties on Airbnb.
But don’t rush into making a decision yet because there are still a lot of profitable cities to discover. And if you’re not keen enough about investing in England, you can explore other profitable Airbnb locations outside the UK!
Finding out the best areas in Nottingham for buy to let investments is just the beginning of this journey. Keep digging while making use of advanced analytics tools like our Airbnb income calculator. Embrace the digital era and increase your profit now!
Short-Term Rental Data
Short-Term Rental Data
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